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JPMorgan Elect Plc (JPEC) Managed Cash Shares 0.01p

Sell:100.00p Buy:105.00p 0 Change: No change
Market closed Prices as at close on 17 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

JPMorgan Elect Plc Managed Cash Shares 0.01p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 12 Aug 2021)

 

What is happening?

 

JPMorgan Elect is an Investment Trust with three Share classes – Managed Growth, Managed Income and Managed Cash. Holders of any of the three classes of Shares have the opportunity to convert some or all of their Shares into one or more of the other Share classes on the next Quarterly Conversion Date of 31 August 2021. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 31 August 2021.

 

What are my options?


If you wish to convert part or all of your holding, please notify us by noon on Monday 16 August 2021.


Shareholders may convert a minimum of 1,000 Shares or, if lower, their entire holding. If you do not return a conversion instruction, or a redemption instruction for a holding of Managed Cash Shares, by the deadline you will retain your existing holding.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:100.00p
Buy:105.00p
Change: No change
Market closed Prices as at close on 17 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

JPMorgan Elect Plc Managed Cash Shares 0.01p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 12 Aug 2021)

 

What is happening?

 

JPMorgan Elect is an Investment Trust with three Share classes – Managed Growth, Managed Income and Managed Cash. Holders of any of the three classes of Shares have the opportunity to convert some or all of their Shares into one or more of the other Share classes on the next Quarterly Conversion Date of 31 August 2021. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 31 August 2021.

 

What are my options?


If you wish to convert part or all of your holding, please notify us by noon on Monday 16 August 2021.


Shareholders may convert a minimum of 1,000 Shares or, if lower, their entire holding. If you do not return a conversion instruction, or a redemption instruction for a holding of Managed Cash Shares, by the deadline you will retain your existing holding.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:100.00p
Buy:105.00p
Change: No change
Market closed Prices as at close on 17 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

JPMorgan Elect Plc Managed Cash Shares 0.01p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 12 Aug 2021)

 

What is happening?

 

JPMorgan Elect is an Investment Trust with three Share classes – Managed Growth, Managed Income and Managed Cash. Holders of any of the three classes of Shares have the opportunity to convert some or all of their Shares into one or more of the other Share classes on the next Quarterly Conversion Date of 31 August 2021. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 31 August 2021.

 

What are my options?


If you wish to convert part or all of your holding, please notify us by noon on Monday 16 August 2021.


Shareholders may convert a minimum of 1,000 Shares or, if lower, their entire holding. If you do not return a conversion instruction, or a redemption instruction for a holding of Managed Cash Shares, by the deadline you will retain your existing holding.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To achieve a return in excess of sterling money markets by investing primarily in GBP denominated short-term debt securities. The Company will invest all or substantially all of the assets of the Managed Cash share class in JPMorgan Funds - Sterling Managed Reserves Fund (JSMRF), or any successor vehicle of JSMRF. The investment policy of JSMRF is to invest primarily in GBP denominated short-term debt securities.
Security Weight
JPM Sterling Managed Rsrvs X (dist) GBP 99.97%
Cash and deposits 0.04%

Top 10 sectors currently unavailable.

Country Weight
United States 9.39%
Canada 7.61%
Germany 6.91%
Australia 4.63%
United Kingdom 3.64%
France 3.46%
Netherlands 3.29%
Sweden 2.10%
Norway 1.58%

Fee Structure

The Manager will not charge a fee for managing assets of this Pool. There will however be fees charged on the underlying liquidity funds in which the Pool invests and, to the extent that the Pool invests in liquidity funds managed by JPMorgan, the Manager will receive the applicable fee.

Dividend Policy

The Directors intend that the pool will distribute substantially all of its net income each year. Dividends will be paid in August of each financial year.

ASSET SPLIT

Total number of holdings: 2.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Steven BatesChairman, Davina Walter, Karl Sternberg, James Robinson, Carla Stent, Rupert Dickinson

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.