HIGHLAND ASSOCIATES, INC. 2545 Highland Avenue, South, Suite 200 Birmingham, AL 35205-2478
Exhibit (h)(98)
HIGHLAND ASSOCIATES, INC.
0000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000-0000
0000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000-0000
June 7, 2017
Xx. Xxxxxx X. Xxxxx
Re:
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Highland Resolute Fund (“the Fund”), a Series of the Financial Investors Trust (the “Trust”)
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Dear Xx. Xxxxx:
This letter confirms the agreement of Highland Associates, Inc. (the “Adviser”) with the Trust to contractually waive a portion of the Management Fee (as defined in the Prospectus) that it is entitled to receive from the Fund, all in accordance with the terms and conditions hereof.
With respect to the Fund’s Class I shares, the Adviser hereby agrees to contractually waive the portion of the 1.50% Management Fee (as defined in the Prospectus) in excess of any Sub-Advisory Fees (as defined in the Prospectus).
In addition, with respect to the Fund’s Class I shares, and with reference to that certain Investment Advisory Agreement (the “Subsidiary Agreement”) between the Adviser and Redmont Resolute, a Cayman Islands company (the “Subsidiary”), the Adviser hereby agrees to contractually waive a portion of its Management Fee (as defined in the Prospectus) in an amount equal to the amount of management fees paid by the Subsidiary to the Adviser over a given period.
The Adviser further agrees that such fee waivers and reimbursements for the Fund are effective as of September 1, 2017 and shall continue at least through August 31, 2018.
HIGHLAND ASSOCIATES, INC.
By:
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/s/ R. Xxxxx Xxxxxx
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Name:
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R. Xxxxx Xxxxxx
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Title:
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CIO and Managing Director
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By:
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/s/Xxxxxx X. Xxxxx
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Name:
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Xxxxxx X. Xxxxx
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Title:
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President
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