January 31, 2018 FPA New Income, Inc. 11601 Wilshire Blvd., Ste. 1200 Los Angeles, CA 90025 RE: Expense Limit Agreement – FPA New Income, Inc. Dear Ladies and Gentlemen:Expense Limit Agreement • January 26th, 2018 • Fpa New Income Inc • California
FPA New Income, Inc. (the “Fund”), a Maryland corporation, has entered into an agreement with First Pacific Advisors, LLC (“Adviser”) whereby Adviser provides investment advisory services to the Fund (the “Investment Advisory Agreement”).
