C Share Portfolio Realignment Update

RNS Number : 5914N

JPMorgan Global Growth & Income PLC

23 January 2023

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF  SOUTH AFRICA, IN ANY MEMBER STATE OF THE EEA  OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

Legal Entity Identifier: 5493007C3I0O5PJKR078

23 January 2023

JPMorgan Global Growth & Income plc

C Share Portfolio Realignment Update

Realignment Progress

The Board of JPMorgan Global Growth & Income plc (the "Company" or "JGGI") is pleased to announce that since the admission of the Scheme C Shares on 20 December 2022 the realignment of the C Share portfolio from that of the JPMorgan Elect plc Managed Growth Shares to match that of the Company's Ordinary Shares has been progressing well and the alignment has achieved c.77% commonality to date.

While significant progress has been made realigning the C Share portfolio, we would remind investors that these investments will continue to be held by the Company as a separate pool of assets attributable to the Scheme C Shares until such time as the assets attributable to the Scheme C Shares have, in accordance with the C Share Investment Policy, been aligned with the Ordinary Share Investment Policy to the satisfaction of the Board. Once so aligned, the Scheme C Shares will be converted into New JGGI Ordinary Shares on a Net Asset Value ("NAV") for NAV basis in accordance with the Revised Articles.

We would also like to take the opportunity to draw investors' attention to the dividend detail as outlined in the Scheme Circular. Previous JPE Growth Shareholders issued with Scheme C Shares may be paid a dividend based on the net income of the C Share class pool prior to Conversion should the Directors resolve to pay any such dividend.

Further detail on the progress of the portfolio realignment and the potential for payment of a dividend prior to Conversion will be announced in due course.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular issued by the Company on 21 November 2022.

For further information:

JPMorgan Global Growth & Income plc Tristan Hillgarth	Contact via Company Secretary
JPMorgan Funds Limited Simon Crinage Simon Elliott	020 7742 4000
JPMorgan Funds Limited   (Company Secretary) Divya Amin	020 7742 4000
Winterflood Investment Trusts Neil Langford Chris Mills	020 3100 0000

 

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