Treasury Share Policy

RNS Number : 8877S

JPMorgan Mid Cap Invest Trust PLC

17 September 2010

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN MID CAP INVESTMENT TRUST PLC

TREASURY SHARE POLICY

JPMorgan Mid Cap Investment Trust plc will not seek to renew its authority to re-issue shares held in Treasury at a discount to NAV at its Annual General Meeting on 29^th October 2010. In future, shares held in Treasury will only be re-issued at a premium to the prevailing NAV at the time of re-issue. This change in policy will result in a modest uplift to NAV, effective 17^th September 2010, as the shares held in Treasury are re-valued to market. The Company currently holds 1,045,500 (4.0%) shares in Treasury.

The Company will continue to buy shares into Treasury up to a maximum of 5.0% of issued share capital. Shares bought back in excess of this level will be cancelled.

17th September 2010

For further information, please contact:

Andrew Norman

JPMorgan Asset Management (UK) Limited,

020 7742 6000

 

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