Net Asset Value(s)

RNS Number : 4934K

JPMorgan Russian Securities PLC

19 December 2008

 



DATE  19TH DECEMBER 2008

JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET
ASSET VALUES PER SHARE (NAVS) OF THE FOLLOWING INVESTMENT TRUST AS AT 
CLOSE OF BUSINESS ON 18TH DECEMBER 2008. THE NAVS HAVE BEEN CALCULATED 
IN ACCORDANCE WITH AIC RECOMMENDED PRACTICE.

THE NET ASSET VALUE IN PENCE, INCLUDING INCOME, WITH DEBT AT FAIR 
VALUE, AS AT MARKET CLOSE ON 18TH DECEMBER 2008 WAS AS FOLLOWS:

JPMORGAN RUSSIAN SECURITIES PLC: Following the successful outcome, in June 2007, of the action brought to declare that VAT should not be charged on management fees for investment trust companies, the Board is pleased to announce that it has reached agreement with the Company's manager, JPMorgan Asset Management ('JPMAM'), on the recovery of past VAT. The total recovery is £695,216.00. This amount is reflected in the Company's net asset value with effect from today. The VAT recovery has been credited to the Company's revenue and capital accounts in accordance with the Board's policy for allocation of management fees and finance costs for each of the periods for which VAT is recovered.

217.68

THE CAPITAL-ONLY NET ASSET VALUE PER SHARE IN PENCE, WITH DEBT AT PAR 
VALUE, AS AT MARKET CLOSE ON 18TH DECEMBER 2008 WAS AS FOLLOWS:

JPMORGAN RUSSIAN SECURITIES PLC: Following the successful outcome, in June 2007, of the action brought to declare that VAT should not be charged on management fees for investment trust companies, the Board is pleased to announce that it has reached agreement with the Company's manager, JPMorgan Asset Management ('JPMAM'), on the recovery of past VAT. The total recovery is £695,216.00. This amount is reflected in the Company's net asset value with effect from today. The VAT recovery has been credited to the Company's revenue and capital accounts in accordance with the Board's policy for allocation of management fees and finance costs for each of the periods for which VAT is recovered.

214.78

 

END

 

 

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