January 31, 2019 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 28th, 2019 • Fpa New Income Inc • California
FPA New Income, Inc. (the “Fund”), a Maryland corporation, has entered into an agreement with First Pacific Advisors, LP (“Adviser”) whereby Adviser provides investment advisory services to the Fund (the “Investment Advisory Agreement”).
