HIGHLAND ASSOCIATES, INC. 2545 Highland Avenue, South, Suite 200 Birmingham, AL 35205-2478
Exhibit (h)(116)
HIGHLAND ASSOCIATES, INC.
0000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000-0000
August 15, 2018
Xx. Xxxxxx X. Xxxxx
Chairman
0000 Xxxxxxxx, Xxxxx 0000
Xxxxxx, XX 00000
| Re: | Highland Resolute Fund (“the Fund”), a Series of the Financial Investors Trust (the “Trust”) |
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.
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).
The Adviser further agrees that such fee waivers and reimbursements for the Fund are effective as of September 1, 2018 and shall continue at least through August 31, 2019.
HIGHLAND ASSOCIATES, INC.
| By: | /s/ R. Xxxxx Xxxxxx | |
| Name: | R. Xxxxx Xxxxxx | |
| Title: | CIO and Managing Director |
Acknowledge and accepted by:
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: | Xxxxxx X. Xxxxx | |
| Title: | President |
