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LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN ASIAN INVESTMENT TRUST PLC
The Board of JPMorgan Asian Investment Trust plc announces that, subject to shareholder approval at the Annual General Meeting to be held on 2nd February 2017, a dividend of 3.0 pence per share will be paid on 6th February 2017 to shareholders on the register at the close of business on 13th January 2017.
As previously announced to shareholders on 21st December 2016, the Board is proposing a new dividend policy under which it aims to pay, in the absence of unforeseen circumstances, a regular quarterly dividend equivalent to 1% of the Company's NAV on the last business day of each financial quarter, being the end of December, March, June and September. This dividend will be paid from a combination of the revenue and capital reserves. The Board will propose a resolution at the Annual General Meeting to be held on 2nd February 2017 to amend the Company's Articles of Association to allow the Company to distribute capital as dividends, to allow for the long-term implementation of the new dividend policy.
Should the Resolution to permit the necessary changes to the Company's Articles of Association be approved, the new distribution policy will be effective for the year that commenced on 1st October 2016 and the first dividend payable on the new basis will be calculated by reference to the Company's net assets on 31st December 2016. This first quarterly dividend will be payable on 6th February 2017, at the same time as the 2016 final dividend, to shareholders on the register at the close of business on 13th January 2017. As the Company's cum income NAV on 31st December 2016 was 309.90 pence per share, this first new quarterly dividend will amount to 3.1 pence per share, resulting in a total distribution of 6.1 pence per share on 6th February 2017.
Please refer to the Chairman's Statement in the Company's Annual Report and Accounts for the year ended 30th September 2016 for full details of the new dividend policy. A copy of the annual report will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM
5th January 2017
Legal Entity Identifier: 5493006R74BNJSJKCB17
Information disclosed in accordance with DTR 6.1.13
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For and on behalf of
020 7742 4000
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