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JPMorgan Elect Plc (JPEI) Managed Income Shares 0.003p

Sell:102.00p Buy:105.00p 0 Change: No change
Market closed |  Prices as at close on 21 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Conversion

JPMorgan Elect Plc Managed Income Shares 0.003p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 11 Oct 2019)

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 2 December 2019. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 2 December 2019.

 

What are my options?


If you wish to convert part or all of your holding please notify us by noon on Thursday 14 November 2019.


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:102.00p
Buy:105.00p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
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Market closed |  Prices as at close on 21 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Conversion

JPMorgan Elect Plc Managed Income Shares 0.003p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 11 Oct 2019)

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 2 December 2019. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 2 December 2019.

 

What are my options?


If you wish to convert part or all of your holding please notify us by noon on Thursday 14 November 2019.


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:102.00p
Buy:105.00p
Change: No change
Market closed |  Prices as at close on 21 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Conversion

JPMorgan Elect Plc Managed Income Shares 0.003p

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 11 Oct 2019)

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 2 December 2019. In addition holders of Managed Cash Shares can elect to redeem their Shares at Net Asset Value on 2 December 2019.

 

What are my options?


If you wish to convert part or all of your holding please notify us by noon on Thursday 14 November 2019.


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.

 

×
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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.
Open:
103.50p
Trade high:
102.00p
Year high:
110.50p
Estimated NAV:
106.84
Previous close:
103.50p
Trade low:
102.00p
Year low:
94.50p
Premium/Discount:
-3.13%
Previous:
0.00p (0.00%) Previous:
0.00p
Volume:
2,265
Dividend yield:
4.49%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
JPMORG.M.I. performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

JPMORG.M.I. performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: FTSE All-Share
Annual management charge: 0.6% of Net Assets
Performance fee: No
Ongoing charge: 0.72%
Dividend yield: 4.49%
Dividend frequency: Quarterly
Total assets: £98m
Gross gearing: 106%
Market capitalisation:Market cap.: £89m
Shares in issue: 121.77 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0034080217

Recent dividends paid or declared by JPMorgan Elect Plc:

Type Ex-div date Payment date Amount
1st interim * 21/11/2019 20/12/2019 1.10p
4th interim 15/08/2019 19/09/2019 1.35p
3rd interim 23/05/2019 21/06/2019 1.10p
2nd interim 14/02/2019 21/03/2019 1.10p
1st interim 22/11/2018 21/12/2018 1.10p

* Dividend has not yet been paid but has been declared by JPMorgan Elect Plc.

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual JPMorgan Elect Plc dividends:

Financial
year end		 Dividend
yield		 Dividend
cover		 Total dividend
paid
31/08/2018 4.00% 1.13 4.50p
31/08/2017 3.70% 1.15 4.20p
31/08/2016 3.80% 1.22 3.90p
31/08/2015 3.80% 1.23 3.80p
31/08/2014 3.60% 1.14 3.65p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The objective of the Managed Income portfolio is to achieve a growing income return with potential for long term capital growth by investing in equities, investment companies and fixed income securities. In order to achieve its stated investment policy and to seek to manage investment risks, the Managed Income portfolio is invested in a diversified portfolio of UK equities (including investment companies), fixed income securities and open-ended funds. The number of investments in the portfolio will normally range between 50 and 80.

NET ASSET VALUE (NAV)

Estimated NAV: 106.84
Latest actual NAV: 106.85
Latest actual NAV date: 20 November 2019
Premium/Discount: -3.13%
12m average Premium/Discount: -2.38%
NAV frequency: Daily
Time / date Time Buy / sell Type Volume Price Value
09:49 - 20/11 09:49
20/11 		Sell 1000 102.00p £1,020.00
09:49 - 20/11 09:49
20/11 		Sell 1000 102.00p £1,020.00
08:24 - 20/11 08:24
20/11 		n/a 118598 100.00p £118,598.00
08:20 - 20/11 08:20
20/11 		n/a 53849 101.00p £54,387.49
12:08 - 19/11 12:08
19/11 		Sell 4969 102.00p £5,068.38

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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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’.

Security Weight
Royal Dutch Shell Plc B Shares EUR0.07 9.94%
BP Plc Ordinary US$0.25 6.09%
GlaxoSmithKline plc Ordinary 25p 5.49%
HSBC Holdings plc Ordinary USD0.50 4.95%
AstraZeneca plc Ordinary US$0.25 4.61%
Diageo plc Ordinary 28 101/108p 4.29%
JPM GBP Liquidity LVNAV X (dist.) 4.11%
Rio Tinto plc Ordinary 10p 3.08%
British American Tobacco plc Ordinary 25p 3.05%
Unilever plc Ordinary 3.11p 2.86%
Sector Weight
Financial Services 21.39%
Energy 16.02%
Consumer Defensive 14.43%
Consumer Cyclical 12.20%
Basic Materials 11.00%
Healthcare 10.10%
Industrials 7.36%
Technology 3.26%
Utilities 2.88%
Communication Services 2.53%
Country Weight
United Kingdom 99.68%
Switzerland 0.96%
Russia 0.82%
Australia 0.16%
Germany 0.06%
Netherlands 0.06%
Canada 0.05%
United States 0.04%
Sweden 0.03%

Key Dates

Launch date: 8 December 2000
Financial year end: August
Next AGM: January 2020

Annual & interim reports

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. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.
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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'.