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Dividend Declaration

Released 11:18 22-Nov-2017

RNS Number : 2412X
JPMorgan Chinese Inv Tst PLC
22 November 2017
 

 

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

 

JPMORGAN CHINESE INVESTMENT TRUST PLC

 

 

DIVIDEND DECLARATION AND  

CHANGE IN ALLOCATION OF EXPENSES

 

 

 

The Board of JPMorgan Chinese Investment Trust plc announces that, subject to shareholder approval at the Annual General Meeting to be held on 26th January 2018, a dividend of 1.60 pence per share will be paid on 7th February 2018 to shareholders on the register at the close of business on 15th December 2017.  The ex dividend date is 14th December 2017.

 

The Board has recently reviewed its policy of allocation of expenses (management fee and finance costs) to revenue and capital.  Since the launch of the Company in October 1993, the Company has allocated 100% of expenses to revenue.  However, with effect from 1st October 2017, the Board has decided to split the allocation of expenses between 75% to capital and 25% to income.  This change will result in an increase in future dividends paid out by the Company such that it is able to maintain its investment trust status.

 

 

 

22nd November 2017

 

For further information, please contact:

 

Lucy Dina

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Dividend Declaration - RNS