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JPMorgan Glbl Con In (JGCI)

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Monday 30 September, 2019

JPMorgan Glbl Con In

Voluntary Liquidation - Publication of Circular

RNS Number : 1851O
JPMorgan Glbl Con Inc Fnd Ltd
30 September 2019
 

JPMORGAN GLOBAL CONVERTIBLES INCOME FUND LIMITED

Publication of Circular in connection with voluntary liquidation

30 September 2019

Legal Entity Identifier: 549300DKZ0OX0PZH5H23

Further to the announcement of 29 August 2019, JPMorgan Global Convertibles Income Fund Limited (the "Company") today announces the publication of a circular (the "Circular") in connection with recommended proposals for a voluntary liquidation of the Company (the "Liquidation").  In view of the additional costs which would be incurred in providing a rollover option as part of the Liquidation, and taking into account the likely limited take-up of such option based on feedback received from a significant proportion of Shareholders, the Board has determined that it is in the best interests of Shareholders not to include a rollover option.

The Circular includes a notice of the Extraordinary General Meeting to be held at 10:00 a.m. on 28 October 2019 at 1st Floor, Les Echelons Court, Les Echelons, South Esplanade, St Peter Port, Guernsey GY1 1AR, when Shareholders will be asked to approve resolutions to effect the Liquidation.

In connection with the Liquidation, the Company has requested that the listing of its Shares be suspended at 7.30 a.m. on 28 October 2019 and that the listing be cancelled at 8.00 a.m. on 31 October 2019, after the Company has entered liquidation.

The Circular together with the Proxy Form can be found on the Company's website at http://www.jpmconvertiblesincome.co.uk and is will shortly be available from the National Storage Mechanism, which can be accessed via the following link: http://www.morningstar.co.uk/uk/NSM.

The expected timetable is as follows:

Latest time and date for receipt of the Form of Proxy for the EGM*

10.00 a.m. on 24 October 2019

Closing of the Company's register and Record Date for participation in liquidation distributions

6.00 p.m. on 25 October 2019

Suspension of the listing of the Shares

7.30 a.m. on 28 October 2019

EGM and, if approved, the appointment of the Joint Liquidators

10.00 a.m. on 28 October 2019

Announcement of the result of the EGM

28 October 2019

Application made for the suspension of the Company's registration by the Commission as a registered closed-ended collective investment scheme

28 October 2019

Cancellation of the listing of the Shares

8.00 a.m. on 31 October 2019

Expected date for payment of Distribution

on or about 8 November 2019

*     Please note that the latest time for receipt of the Proxy Appointment in respect of the EGM is 48 hours prior to the time allotted for the meeting or adjourned meeting (excluding any non-Business Day).

Each of the times and dates above in the expected timetable may be extended or brought forward without notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service provider. All references to time in this document are to the time in London unless otherwise stated.

 

Terms used and not defined in this announcement shall bear the meanings given to them in the Circular.

ENQUIRIES

For and on behalf of

JPMorgan Funds Limited

 

For further information, please contact:

JPMorgan Funds Limited

Katie Standley/Jonathan Latter

020 7742 4000

 

Winterflood Securities Limited

Neil Morgan

020 3100 0000

 


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