Dividend Declaration

RNS Number : 2412X

JPMorgan Chinese Inv Tst PLC

22 November 2017

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CHINESE INVESTMENT TRUST PLC

DIVIDEND DECLARATION AND  

CHANGE IN ALLOCATION OF EXPENSES

The Board of JPMorgan Chinese Investment Trust plc announces that, subject to shareholder approval at the Annual General Meeting to be held on 26th January 2018, a dividend of 1.60 pence per share will be paid on 7th February 2018 to shareholders on the register at the close of business on 15th December 2017.  The ex dividend date is 14th December 2017.

The Board has recently reviewed its policy of allocation of expenses (management fee and finance costs) to revenue and capital.  Since the launch of the Company in October 1993, the Company has allocated 100% of expenses to revenue.  However, with effect from 1st October 2017, the Board has decided to split the allocation of expenses between 75% to capital and 25% to income.  This change will result in an increase in future dividends paid out by the Company such that it is able to maintain its investment trust status.

22nd November 2017

For further information, please contact:

Lucy Dina

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

 

END

 

 

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