We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jpmorgan Global Core Real Assets Limited | LSE:JARE | London | Ordinary Share | GG00BJVKW831 | ORD NPV (EUR) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.82 | 0.75 | 0.89 | 0.82 | 0.82 | 0.82 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 27.84M | 23.83M | 0.1132 | 6.36 | 151.52M |
TIDMJARA TIDMJARU TIDMJARE
RNS Number : 7936I
JPMorgan Global Core Real Assets Ld
21 April 2022
JPMORGAN GLOBAL CORE REAL ASSETS LIMITED
Capital Call
Legal Entity Identifier: 549300D8JHZTH6GI8F97
Capital Call
JPMorgan Global Core Real Assets Limited (the 'Company' or 'JARA') is pleased to announce that a further $8.2m of the Company's committed capital has been called and funded into the US Real Estate Mezzanine Debt strategy. This represents the final tranche of JARA's commitment to this strategy and was, as with the previous tranche ($11.1m), funded from JARA's cash balance(1) and by reducing the liquid real asset allocation portion of JARA's portfolio.
The start of the year has been a very active one for JPMorgan's Real Estate Mezzanine platform with 8 assets being agreed and signed. All of these have been floating rate loans and they also include the team's first loan to industrial assets. Once all fully executed, JARA will have exposure to a portfolio of 23 loans. As a result of this transaction the Company will have increased its sensitivity to rising interest rates, given that the Mezzanine strategy now has c. 80% of its exposure to floating rate loans. This now fully drawn allocation will also help to increase JARA's portfolio income as the underlying Mezzanine strategy has provided an income of 7.4% over one year and an annualised return of 6.9% since inception(2) . Target total return for the Mezzanine strategy is 7-9% gross and 6-8% net(3) ; this return will be primarily income orientated.
(1) c.1% of capital remains uninvested for cost and liquidity requirements
(2) Mezzanine Strategy inception 5th December 2019
(3) The difference between Net and Gross return is due to management fees levied
21st April 2022
Alison Vincent
JPMorgan Funds Limited - Company Secretary
Telephone 0207 742 4000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCBKKBDQBKDAQB
(END) Dow Jones Newswires
April 21, 2022 02:00 ET (06:00 GMT)
1 Year Jpmorgan Global Core Rea... Chart |
1 Month Jpmorgan Global Core Rea... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions