Indicative Net Asset Value
JPMorgan Japan Smaller Companies Trust plc
Indicative Net Asset Value - Japan close of business on 16th March 2011
As a result of the continued volatility in Japanese equity markets following the earthquake and subsequent tsunami affecting the Tohoku region of Japan on 11 March 2011, the Company is releasing an indicative Net Asset Value ("NAV") per Share in addition to its usual scheduled NAV release.
This indicative NAV incorporates the effects of any portfolio transactions undertaken by the Company in the course of 16 March 2011 and revalues the Company's portfolio of investments using prices at the close of business in Japan and the yen-sterling exchange rate prevailing at 11am (London time). In other respects, the NAVs have been calculated in accordance with AIC recommended practice.
The Capital only NAVs per share in pence were as follows:
With debt at par value: 155.29p
With debt at par value, assuming the Treasury shares have been reissued in accordance with the board's current policy and the Subscription shares rights have been exercised at 147p: 153.80p
The Cum income NAVs per share in pence were as follows:
With debt at par value: 153.44p
With debt at par value, assuming the Treasury shares have been reissued in accordance with the board's current policy and the Subscription shares rights have been exercised at 147p: 152.24p
Whilst the market continues to be volatile it is the Company's intention to continue to release indicative same day NAVs at approximately midday London time.
Enquiries:
Craig Cleland. JPMorgan Asset Management 020 7742 3418
This information is provided by RNS