Appointment of AIFM and Depositary

RNS Number : 0348N

Jupiter US Smaller Companies PLC

22 July 2014

 



Jupiter US Smaller Companies 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/USSmallerCompanies.

For further information, please contact:

Richard Pavry

Head of Investment Trusts

Jupiter Asset Management Limited, Company Secretary

[e-mail]

020 7314 4822

22 July 2014

 

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