New share offering from JP Morgan
London, 21st February 2011: JPMorgan Global Emerging Markets Income Trust has announced its intention to raise further capital through an issue of new shares.
Following continued investor demand since its launch in July 2010, the Board of the investment trust is providing the opportunity for existing and new investors to gain exposure to dividend-paying companies across global emerging markets, through the form of placing and offer for subscription of conversion shares (C shares)*.
The share issue is expected to appeal to a broad range of investors keen to diversify their income portfolios and in particular to those looking to top up their existing ISAs and invest in the new ISA period.
Chairman of the Board of the JPMorgan Global Emerging Markets Income Trust, Andrew Hutton said,
“Since the trust’s launch in 2010 we have experienced continued investor demand from investors seeking income from emerging markets. The C share offer is designed to meet that demand. Our investors have the prospect of both exciting growth from emerging markets and a higher dividend yield than can be obtained in many developed markets.”
Story link: New share offering from JP Morgan