September 4, 2007 Mr. W. Robert Alexander, Chairman Financial Investors Trust
Exhibit 99.(h)(17)
September 4, 2007
Mr. X. Xxxxxx Xxxxxxxxx, Chairman
0000 Xxxxxxxx, Xxxxx 0000
Denver, Colorado 80203
Re: Financial Investors Trust (the “Trust”)
Dear Xx. Xxxxxxxxx:
This letter confirms ALPS Advisers, Inc.’s (the “Adviser”) and Red Rocks Capital LLC’s (the “Sub-Adviser”) agreement with the Trust to contractually limit the total amount of the “Advisory Fee” and “Other Expenses” that they are entitled to receive from the Listed Private Equity Fund (the “Fund”).
To the extent the “Advisory Fee” and “Other Expenses” of the Fund exceed 1.00%, the Adviser will reduce the fee payable with respect to the Fund to the extent of such excess, and/or shall reimburse the Fund (or class as applicable) by the amount of such excess. The waiver or reimbursement shall be allocated to each class of the Fund in the same manner as the underlying expenses or fees were allocated.
The Adviser and the Sub-Adviser agree to allocate any such waivers or reimbursements incurred by the Adviser by attributing 2/3 of the required amount to the Sub-Adviser and 1/3 of the required amount to the Adviser.
The Adviser and Sub-Adviser further agree that such fee waivers and reimbursements for the Fund are effective as of the Fund’s inception date, and shall continue at least through the end of the fiscal year ending , 2008.
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ALPS ADVISERS, INC. |
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RED ROCKS CAPITAL LLC |
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Your signature below acknowledges acceptance of this Letter Agreement:
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