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9 Apr 2020 14:55
JPMorgan European Investment Trust plc
(the 'Company')
London Stock Exchange Announcement
Net Asset Value - correction
Legal Entity Identifier: 549300D8SPJFHBDGXS57
The Company announces the restated unaudited net asset values below.
The net asset values released between 1 April 2020 and 7 April 2020 for each class were calculated using an incorrect fair value adjustment for the Company's debt. This miscalculation arose as a result of the reallocation of debt between the Growth and Income classes following the conversion, which took effect on 16 March 2020, not being correctly reflected in the relevant class net asset value per share. The following unaudited net asset values with debt at fair ('NAV') are restated:
Growth Shares
Date released | For close of business | NAV released | Restated NAV |
|
|
|
|
01-Apr-20 | 31-Mar-20 | 254.54p | 257.40p |
02-Apr-20 | 01-Apr-20 | 245.75p | 248.59p |
03-Apr-20 | 02-Apr-20 | 247.11p | 249.95p |
06-Apr-20 | 03-Apr-20 | 246.52p | 249.37p |
07-Apr-20 | 06-Apr-20 | 256.38p | 259.23p |
Income Shares
Date released | For close of business | NAV released | Restated NAV |
|
|
|
|
01-Apr-20 | 31-Mar-20 | 119.71p | 117.33p |
02-Apr-20 | 01-Apr-20 | 116.21p | 113.84p |
03-Apr-20 | 02-Apr-20 | 117.00p | 114.64p |
06-Apr-20 | 03-Apr-20 | 116.24p | 113.87p |
07-Apr-20 | 06-Apr-20 | 120.37p | 118.00p |
For and on behalf of
JPMorgan Funds Limited, Secretary
9th April 2020
For further information:
Paul Winship 020 7742 4000
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