JPMorgan is to launch a new Income and Capital trust under proposals for a members’ voluntary winding-up and scheme of reconstruction for the existing JPMorgan Income & Capital Investment Trust.
Under the proposals the existing trust would be wound up on 29 February 2008 by means of a members’ voluntary liquidation.
JPMorgan Income & Capital Investment Trust was launched in March 2002. Shareholders who wish to continue their investment are being told they can do so in a new investment trust called JPMorgan Income and Capital Trust.
JPMorgan says the new trust will be managed by JPMorgan Asset Management under Jamie Streeter, who currently manages the trust’s equities portfolio.
The new trust will offer investors an investment of a planned life of 10 years. JPMorgan says the board of directors of the new investment trust will remain the same as that of the existing trust.
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Tuesday, 15 January 2008
Posted by Debtsgone LTD at Tuesday, January 15, 2008
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