Contractual Fee Cap Agreement
AGREEMENT made this April 6, 2012, by and between Croft Funds Corp., a Maryland Corporation (the “Company”), and Croft-Leominster, Inc. (the “Adviser”).
The Adviser hereby agrees to waive its advisory fees and/or reimburse fund expenses (excluding brokerage, commissions, 12b-1 fees, underlying fund fees and expenses or extraordinary expenses) through August 30, 2013 to limit total annual fund operating expenses to:
Fund |
| Total Annual Fund Operating Expenses |
|
|
|
Value Fund |
| 1.22% |
Income Fund |
| 0.85% |
IN WITNESS WHEREOF, thee Parties hereto have caused this Agreement to be executed as of the day and year written above.
CROFT FUNDS CORPORATION By: ____/s/ Kent Croft_________________ | CROFT-LEOMINSTER, INC. By: ____/s/ Xxxx Xxxxx _________________ |
699084.3
