JPMorgan Senior Secured Loan Fd Ltd Discount-triggered redemption mechanism (4277M)
20 Janeiro 2016 - 7:11AM
UK Regulatory
TIDMJPSL
RNS Number : 4277M
JPMorgan Senior Secured Loan Fd Ltd
20 January 2016
Not for release, publication or distribution, directly or
indirectly, in whole or in part, to US Persons or into or within
the United States, Australia, Canada, SOUTH AFRICA or Japan.
JPMorgan Senior Secured Loan Fund Limited (the 'Company')
Discount-triggered redemption mechanism
The Board of the Company wishes to remind shareholders that when
the Company was launched its prospectus included a commitment to
make a redemption offer giving shareholders the opportunity to
redeem up to 50 per cent. of their shares in the Company if, during
the period from 1st November 2015 to 31st January 2016 the
Company's shares traded at an average discount to the cum income
net asset value of over 5 per cent.
Whilst following the launch of the Company its shares generally
traded well, more recently they have tended to trade at a modest
discount, reflecting wider market malaise. As a result it is now
likely that the average discount over the relevant period will be
in excess of 5 per cent.
The Board is mindful of the Company's prospectus commitment and
is in consultation with its advisers. A further announcement will
be made shortly.
20th January 2016
For further information please contact:
JPMorgan Funds Limited - 020 7742 4000
James Saunders Watson
Panmure Gordon (UK) Limited - 020 7886 2500
Paul Fincham
Robert Naylor
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 20, 2016 04:11 ET (09:11 GMT)
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