4 Aug 2022 15:05
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN ELECT PLC
DECLARATION OF DIVIDENDS
Legal Entity Identifier: 549300FIUYKKL39ILD07
Information disclosed in accordance with DTR 6.1.13
The Directors of JPMorgan Elect plc have declared the following dividends:
Managed Growth Shares
A quarterly interim dividend of 5.00 pence per Managed Growth share, for the fourth quarter of the year ending 31st August 2022, will be paid on 19th September 2022 to shareholders on the register at the close of business on 12th August 2022 (ex-dividend date 11th August 2022).
Managed Income Shares
A quarterly interim dividend of 1.50 pence per Managed Income share, for the fourth quarter of the year ending 31st August 2022, will be paid on 19th September 2022 to shareholders on the register at the close of business on 12th August 2022 (ex-dividend date 11th August 2022).
In determining the level of the fourth interim dividend payable by the Managed Income Class, the Board has taken into account the level of dividends received and to be received by the Company and the anticipated dividends for the coming financial year.
The objective of the Managed Income Class remains to provide a growing income return with the potential for long term capital growth. The Board will keep the level of dividends received, and expected to be received, from portfolio companies under review.
The dividend has not been fully covered by the income earned in the current financial year and therefore the Company has utilised the Managed Income Class revenue reserves which have built up over previous years to support this dividend. After payment of this fourth interim dividend, the Managed Income Class revenue reserve will equate to approximately 70% of the full year dividend.
4th August 2022
JPMorgan Funds Limited - Company Secretary
For further information:
Neil Martin 020 7742 4000
Client Director
Priyanka Vijay Anand 020 7742 4000
Company Secretary