Jupiter Dividend & Growth Trust PLC Appointment of AIFM and Depositary (0338N)
July 22 2014 - 12:13PM
UK Regulatory
TIDMJDT
RNS Number : 0338N
Jupiter Dividend & Growth Trust PLC
22 July 2014
Jupiter Dividend & Growth Trust plc (the 'Company')
THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE '(AIFMD')
Appointment of AIFM and Depositary
Alternative Investment Fund Manager ('AIFM')
The Company has appointed Jupiter Unit Trust Managers Limited
('JUTM') as its alternative investment fund manager with effect
from 22 July 2014. In order to facilitate this appointment, the
Company has terminated its existing investment management agreement
with Jupiter Asset Management Limited ('JAM') and has entered into
a new agreement with JUTM. The new investment management agreement
('IMA') contains no substantive changes to the existing IMA other
than to reflect regulatory changes, changes to service providers to
the Company and to update the agreement to reflect current market
practice. Under these new arrangements, certain investment
management functions will be delegated from JUTM to JAM.
Depositary
As required by the AIFMD, the Company has appointed J.P. Morgan
Europe Limited ('JPM Europe') as its depositary for cash
monitoring, safekeeping of financial instruments and other assets
and oversight with effect from 22 July 2014. The Global Custody
agreement with J.P. Morgan Chase Bank N.A. ('JPMCB') will remain in
place; JPM Europe will enter into an internal delegation agreement
with JPMCB to delegate the custody functions to it.
Pre-Investment Disclosure Document
In accordance with Article 23 of the AIFMD, disclosure for
potential investors in the Company will be available on the
Company's website from 22 July 2014 at
www.jupiteronline.com/DividendandGrowth.
For further information, please contact:
Richard Pavry
Head of Investment Trusts
Jupiter Asset Management Limited, Company Secretary
investmentcompanies@jupiter-group.co.uk
020 7314 4822
22 July 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
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