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4 Feb 2021 16:14
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 5.45 pence per Managed Growth share, for the second quarter of the year ending 31st August 2021, will be paid on 19th March 2021 to shareholders on the register at the close of business on 12th February 2021 (ex-dividend date 11th February 2021).
Managed Income Shares
A quarterly interim dividend of 1.10 pence per Managed Income share, for the second quarter of the year ending 31st August 2021, will be paid on 19th March 2021 to shareholders on the register at the close of business on 12th February 2021 (ex-dividend date 11th February 2021).
Managed Cash Shares
Historically, the Managed Cash share class has paid one dividend each financial year, in the fourth quarter. However, since the investment objective and policy of the Class was changed and the assets of the Class invested in the Sterling Managed Reserves Fund, the Company receives an annual dividend from that fund, in September. Therefore, to better align the date of receipt of the dividend from the Sterling Managed Reserves Fund with the shareholders on the Managed Cash register at that time, it is proposed that the declaration and payment date for the annual dividend is brought forward to earlier in the financial year.
The Board has therefore decided to pay an interim dividend of 0.40 pence per Managed Cash share, for the second quarter of the year ending 31st August 2021. The dividend will be paid on 19th March 2021 to shareholders on the register at the close of business on 12th February 2021 (ex-dividend date 11th February 2021). No further dividends are expected to be paid on this share class for the financial year ending 31st August 2021.
In future years, it is expected that any dividend for this Class will be declared in the first quarter of the Company's financial year, which begins on 1st September.
04th February 2021
JPMorgan Funds Limited - Company Secretary
For further information:
Katie Standley 020 7742 4000
Client Director
Priyanka Vijay Anand 020 7742 4000
Company Secretary
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