TIDMJPI TIDMJPIU TIDMJPIZ

RNS Number : 8632E

JPMorgan Income & Capital Trust PLC

14 February 2018

JPMORGAN INCOME & CAPITAL TRUST PLC

Scheme of Reconstruction - Update

Legal Entity Identifier: 549300VB8OIJVLR6HX75

14 February 2018

JPMorgan Income & Capital Trust plc (the "Company") published a circular on 25 January 2018 (the "Circular") in connection with the reconstruction of the Company by means of a members' voluntary liquidation pursuant to a scheme of reconstruction under section 110 of the Insolvency Act (the "Scheme"). Pursuant to the Scheme, Shareholders are being offered the choice of: (i) a tax and cost efficient rollover into JPMorgan Multi-Asset Trust plc ("MATE"); and/or (ii) cash.

MATE's portfolio will be managed by the Multi-Asset Solutions Team consisting of over 80 investment professionals located primarily in London, New York and Hong Kong, managing assets of over GBP150 billion as at 30 September 2017. The Lead Portfolio Managers identified at the time of the publication of the circular were Talib Sheikh, Katy Thorneycroft and Gareth Witcomb.

The Company has been informed that Talib Sheikh has decided to leave JPMorgan Asset Management to pursue other opportunities. Katy Thorneycroft and Gareth Witcomb, will remain as Lead Portfolio Managers and will continue to be supported by the wider Multi-Asset Solutions Team.

The Board believes that a diversified multi-asset portfolio managed by one of the largest global active asset managers provides an attractive investment proposition in the current market environment and have been delighted by the initial response to the MATE offering.

For further information, please contact:

 
 JPMorgan Funds Limited 
  Paul Winship, Company 
  Secretary                +44 (0)20 7742 4000 
 Winterflood Investment 
  Trusts 
  Joe Winkley 
  Neil Langford            +44 (0)20 3100 0000

This information is provided by RNS

The company news service from the London Stock Exchange

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February 14, 2018 04:26 ET (09:26 GMT)

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