Investors sticking by Jupiter Emerging and Frontier – Each year, Jupiter Emerging and Frontier Income operates a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of redeemable ordinary shares for cash on the last business day in June each year. There was no requirement for shareholders to take any action. As at close of business on 30 April 2018 (when JEFI asked shareholders to think about what they wanted to do), the ordinary share price was 106.5p and the net asset value (including current period revenue) was 108.29p. In other words they were trading at a 1.6% discount.
In the event, the total number of ordinary shares for which valid redemption requests were received was 176,173 (representing 0.19% of the issued share capital). A further announcement will be made shortly on or before 13 July 2018 to notify the redemption price which will based on the NAV at the end of June.
Today, the shares are trading at a modest 1.2% premium to net asset value.
JEFI : Investors sticking by Jupiter Emerging and Frontier