Dividend Declaration

RNS Number : 4740I

JPMorgan China Growth & Income PLC

01 April 2020

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CHINA GROWTH & INCOME PLC (the 'Company')

DIVIDEND DECLARATION

First quarterly interim dividend

The Board of JPMorgan China Growth & Income plc announces that the Company's cum income Net Asset Value ('NAV') was 374.1 pence per share at 31st March 2020. Accordingly, in line with the Company's new distribution policy, the Directors have declared that a first quarterly interim dividend of 3.7 pence per share for the year ending 30th September 2020 will be paid on 1st June 2020 to shareholders on the register at the close of business on 1st May 2020. The ex-dividend date will be 30th April 2020.

Shareholders are reminded that as announced on 4th February 2020, the new dividend policy aims to set a target annual dividend, in the absence of unforeseen circumstances, equivalent to 4 per cent. of the Company's NAV on the last business day of the preceding financial year.  The target annual dividend will be announced at the start of each financial year, to provide clarity to shareholders over the income stream they can expect during the following 12 months, and will be paid by way of four equal interim dividends on the first business day in March, June, September, and December. The Company has implemented the revised dividend policy with effect from 1 April 2020. Two quarterly distributions for the six-month period to 30 September 2020 will be paid on 1 June 2020 and 1 September 2020 based on the Company's NAV at close of business on 31 March 2020 as set out above.

Please refer to the Chairman's Statement in the Company's Annual Report and Accounts for the year ended 30th September 2019 for full details of the new dividend policy. A copy of the Report & Accounts can be found on the Company's website at www.jpmchinagrowthandincome.co.uk

1 April 2020

Information disclosed in accordance with DTR 6.1.13

Legal Entity Identifier (LEI): 549300S8M91P5FYONY25

For further information, please contact:

Lucy Dina

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000

 

END

 

 

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