JPMorgan Income & Capital Trust PLC Portfolio Update (4438C)
January 19 2018 - 11:26AM
UK Regulatory
TIDMJPI TIDMJPIU TIDMJPIZ
RNS Number : 4438C
JPMorgan Income & Capital Trust PLC
19 January 2018
JPMORGAN INCOME & CAPITAL TRUST PLC
PORTFOLIO UPDATE
Legal Entity Identifier:
549300VB8OIJVLR6HX75
Information disclosed in accordance with Article 17 Market Abuse
Regulation
19th January 2018
Portfolio Update
JPMorgan Income & Capital Trust launched as a split capital
trust in March 2008 with a fixed life ending on 28 February 2018
(the "Termination Date"). The Company's portfolio (the "Portfolio")
has seen strong performance in recent months and, in light of the
upcoming Termination Date and market uncertainties, the Board
announces that it has instructed the Investment Manager to
liquidate the Portfolio, such that it now comprises solely cash and
cash equivalents. The Board deems this approach to be in the best
interests of the Company and its shareholders as whole.
The NAV per ordinary share (cum-income) as at close of business
on 18 January 2018 was 104.1 pence (including the interim dividend
of 2.0 pence per ordinary share, announced by the Company on 16
January 2017 and payable on 23 February to ordinary shareholders on
the register at the close of business on 26 January 2018). It
should be noted that this NAV does not reflect the full cost of the
final capital entitlement of the ZDPs, given the gross redemption
yield accrues to the Termination Date, or the costs associated with
liquidating the Portfolio (being approximately 21.3bps on the value
of the Portfolio).
Further details regarding a possible rollover option for
shareholders into a new multi-asset trust, as indicated at the time
of the Company's half year report in October 2017, is expected to
be announced in due course.
For further information:
Paul Winship
JPMorgan Funds Limited - Secretary
Telephone: 020 7742 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFULLFFRLVIALIT
(END) Dow Jones Newswires
January 19, 2018 11:26 ET (16:26 GMT)
JP Morgan Fleming & Cap It (LSE:JPI)
Historical Stock Chart
From Jun 2024 to Jul 2024
JP Morgan Fleming & Cap It (LSE:JPI)
Historical Stock Chart
From Jul 2023 to Jul 2024