Exhibit 99.B-(2)(G)(i)(a)
FORM OF
[ING FUNDS LOGO]
_______________, 2005
ING Global Equity Dividend and Premium Opportunity Fund
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
RE: Management Xxx Xxxxxx
Ladies and Gentlemen:
ING Global Equity Dividend and Premium Opportunity Fund (the "Fund") and ING
Investments, LLC ("ING Investments") are parties to an Investment Management
Agreement dated _______, 2005 (the "Agreement") under which the Fund has agreed
to pay to ING Investments an annual investment management fee in the amount of
1.05%, as a percentage of Managed Assets (as defined in the Agreement) of the
Fund. By this letter, ING Investments hereby voluntarily waives a portion of the
annual investment management fee that it is entitled to receive as follows:
ING Investments will waive twenty (20) basis points from the investment
management fee payable by the Fund for a period of five years, commencing on the
date of the Agreement. For the next four years ending on [April 1, 2013], the
amount of the fee waiver will decrease by five (5) basis points per year, as
reflected in the post-waiver management fee reflected in the schedule set out
below.
TIME PERIOD ANNUAL INVESTMENT MANAGEMENT FEE
----------- --------------------------------
(AS A PERCENTAGE OF MANAGED ASSETS)
[3/29/05 through 4/1/2010 0.85%
4/2/2010 through 4/1/2011 0.90%
4/2/2011 through 4/1/2012 0.95%
4/2/2012 through 4/1/2013 1.00%
4/2/2013 and thereafter] 1.05%
This letter agreement shall terminate upon the termination of the Agreement.
Sincerely,
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
