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    J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
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    Notice : Following the passing of the shareholder resolution today at the Company's General Meeting, please note that the Company is now in liquidation. For more details, please see the RNS here.

    1. JP Morgan Elect PLC – Invest for Income & Growth

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    JPMorgan Elect plc

    When circumstances change, choose an investment trust that can adapt to your evolving needs.
     

    Investments should be played to your advantage

    JPMorgan Elect plc offers a simple, tax-efficient way to switch focus between capital growth, income and capital protection. The aim is to provide the choice and flexibility for investors to manage their investment strategy throughout their lives.

    Three investment choices

    JPMorgan Elect plc offers three options depending on whether investors need to grow their capital, generate an income or combine both. There is also a cash option to provide a safe haven for investors as they switch strategies.

    Managed Growth

    Provides the potential for long-term capital growth from an internationally diversified portfolio invested in investment trusts and open ended funds principally managed by J.P. Morgan Asset Management.

    Learn more

    Managed Income

    Provides the opportunity to generate an attractive and growing income, with the potential for capital growth, from a portfolio of UK equities.

    Learn more

    Managed Cash

    Provides a temporary home for cash during a switch from Managed Growth or Managed Income by investing in the JPMorgan Funds - Sterling Managed Reserves Fund.

    Learn more


    Final Conversion and Redemption Opportunity

    • The final Conversion Period will run from 14 October 2022 to 15 November 2022.
    • The JPE shareholders will be entitled to either:
    • Convert their shareholding between share classes as usual
    • Update their conversion application if made prior to today in order to reflect a decision based on information provided in this announcement
    • Have Managed Cash shares repurchased for cash prior to the Scheme becoming effective, including Managed Cash shares acquired as a result of electing to convert Managed Growth and/or Managed Income shares into Managed Cash shares in this Conversion Period.
    • JPE shareholders should note that the Board has discretion under JPE's Articles of Association to set a maximum number of shares of any class that may be converted in respect of any Conversion Period.

    The options for conversion will be amended to:

    Certificated Shareholders

    Managed Growth and/or Managed Income shareholders that intend to elect for the new option to convert Managed Growth and/or Managed Income shares into Managed Cash shares, should return the relevant certificate with a supporting letter explaining their intention as this new option is not stated on the reverse of the certificate.

    Security    Participant ID     Member ID 
    Managed Growth to Income 5RA17 RAGWTINC
    Managed Growth to Cash
    5RA17 RAGWTCSH
    Managed Growth to Cash and Ord. Redemption 5RA17 RAGWTRED
    Managed Income to Growth 5RA19 RAINCGWT
    Managed Income to Cash 5RA19 RAINCCSH
    Managed Income to Cash and Ord. Redemption 5RA19 RAINCRED
    Managed Cash to Growth 5RA24 RACSHGWT
    Managed Cash to Income 5RA24 RACSHINC
    Managed Cash Ord. Redemption (currently in Cash class) 5RA30 RACHSREP

     

    Those JPE shareholders who hold Managed Growth and/or Managed Income shares in CREST who now wish to take up the new Redemption Opportunity but have already submitted their CREST instruction will need to submit an ESA message to withdraw their existing election against 5RA17 and/or 5RA19 and the relevant Member ID to settle in CREST by no later than 10.00 a.m. on the second business day prior to the election deadline.

     

    FOR MORE DETAILS RE THIS CONVERSION, PLEASE REFER TO THE RNS here.

    This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not reliable indicators of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met.

     

     J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy. Investment is subject to documentation. The Annual Reports and Financial Statements, AIFMD art. 23 Investor Disclosure Document and PRIIPs Key Information Document can be obtained free of charge from JPMorgan Funds Limited or www.am.jpmorgan.com/gb/en/asset-management/adv/products/fund-explorer/investment_trusts.

     

    This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.

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