The Liquidators of JPMorgan Global Convertibles Income Fund Limited (JCGI), have announced that they are to make a first interim liquidation distribution to shareholders. This will be made at the rate of 92.90 pence per each ordinary share of no par value held. They say that all distributions will be paid by way of cheques drawn upon a UK clearing bank. These will be posted on 13th November 2019 to the registered addresses of the shareholders as at the record date of 6.00pm on 25th October 2019.
About JPMorgan Global Convertibles Income
Prior to announcing its intention to liquidate and return cash to shareholders, JPMorgan Global Convertibles Income was an investment company that aimed to deliver dividend income with potential for capital growth from a portfolio of global convertible securities. It sought to generate returns and delivering income from credit rates and stocks markets, while providing investors with access to wider growth opportunities than are produced by stock markets alone.
The fund was managed by Natalia Bucci (pictured) following the departure of Robin Dunmall in May 2018.
WhEN WILL THE THE FINAL DISTRIBUTION BE MADE
Imminently by the looks of things – from a recent announcement “the Joint Liquidators would expect to distribute the cash proceeds of the liquidation of the Portfolio, less the costs of the Proposals and the amount attributable to the Liquidation Fund, during the week commencing 11th November 2019.”
Have received part disribution, will a final disribution be paid
My understanding of the announcement is that there would be just one payment. If you want to check with JPMorgan, the best contact might be Katie Standley on 020 7742 4000