JPMorgan Glbl Con Inc Fnd Ltd Voluntary Liquidation - Publication of Circular (1851O)

TIDMJGCI

RNS Number : 1851O

JPMorgan Glbl Con Inc Fnd Ltd

30 September 2019

JPMORGAN GLOBAL CONVERTIBLES INCOME FUND LIMITED

Publication of Circular in connection with voluntary liquidation

30 September 2019

Legal Entity Identifier: 549300DKZ0OX0PZH5H23

Further to the announcement of 29 August 2019, JPMorgan Global Convertibles Income Fund Limited (the "Company") today announces the publication of a circular (the "Circular") in connection with recommended proposals for a voluntary liquidation of the Company (the "Liquidation"). In view of the additional costs which would be incurred in providing a rollover option as part of the Liquidation, and taking into account the likely limited take-up of such option based on feedback received from a significant proportion of Shareholders, the Board has determined that it is in the best interests of Shareholders not to include a rollover option.

The Circular includes a notice of the Extraordinary General Meeting to be held at 10:00 a.m. on 28 October 2019 at 1(st) Floor, Les Echelons Court, Les Echelons, South Esplanade, St Peter Port, Guernsey GY1 1AR, when Shareholders will be asked to approve resolutions to effect the Liquidation.

In connection with the Liquidation, the Company has requested that the listing of its Shares be suspended at 7.30 a.m. on 28 October 2019 and that the listing be cancelled at 8.00 a.m. on 31 October 2019, after the Company has entered liquidation.

The Circular together with the Proxy Form can be found on the Company's website at http://www.jpmconvertiblesincome.co.uk and is will shortly be available from the National Storage Mechanism, which can be accessed via the following link: http://www.morningstar.co.uk/uk/NSM.

The expected timetable is as follows:

 
 Latest time and date for receipt of the         10.00 a.m. on 24 October 
  Form of Proxy for the EGM*                      2019 
 Closing of the Company's register and           6.00 p.m. on 25 October 
  Record Date for participation in liquidation    2019 
  distributions 
 Suspension of the listing of the Shares         7.30 a.m. on 28 October 
                                                  2019 
 EGM and, if approved, the appointment           10.00 a.m. on 28 October 
  of the Joint Liquidators                        2019 
 Announcement of the result of the EGM           28 October 2019 
 Application made for the suspension of          28 October 2019 
  the Company's registration by the Commission 
  as a registered closed-ended collective 
  investment scheme 
 Cancellation of the listing of the Shares       8.00 a.m. on 31 October 
                                                  2019 
 Expected date for payment of Distribution       on or about 8 November 
                                                  2019 
 * Please note that the latest time for receipt of the Proxy 
  Appointment in respect of the EGM is 48 hours prior to the 
  time allotted for the meeting or adjourned meeting (excluding 
  any non-Business Day). 
 Each of the times and dates above in the expected timetable 
  may be extended or brought forward without notice. If any 
  of the above times and/or dates change, the revised time(s) 
  and/or date(s) will be notified to Shareholders by an announcement 
  through a Regulatory Information Service provider. All references 
  to time in this document are to the time in London unless 
  otherwise stated. 
 

Terms used and not defined in this announcement shall bear the meanings given to them in the Circular.

ENQUIRIES

For and on behalf of

JPMorgan Funds Limited

For further information, please contact:

JPMorgan Funds Limited

Katie Standley/Jonathan Latter

020 7742 4000

Winterflood Securities Limited

Neil Morgan

020 3100 0000

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END

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September 30, 2019 08:51 ET (12:51 GMT)