JPMorgan Global Core Real Assets Ld Issuance and Investment Update (8921F)
July 21 2021 - 1:00AM
UK Regulatory
TIDMJARA TIDMJARU TIDMJARE
RNS Number : 8921F
JPMorgan Global Core Real Assets Ld
21 July 2021
JPMORGAN GLOBAL CORE REAL ASSETS LIMITED
Issuance and Investment Update
Legal Entity Identifier: 549300D8JHZTH6GI8F97
JPMorgan Global Core Real Assets Limited (the 'Company' or
'JARA') announced the issuance of 5,850,000 new Ordinary shares on
the 14th July and 2,000,000 Ordinary shares on 15th July to a mix
of institutional investors via the Company's placing programme.
The majority of proceeds from the issuance of new Ordinary
shares will be used to make an initial allocation to the U.S. Core
Real Estate Mezzanine Debt strategy ("Mezzanine Debt Strategy"), as
identified in the Prospectus dated 10th November 2020. Following
changes in the real estate market post COVID-19, the Manager
believes that the Mezzanine Debt Strategy offers an attractive risk
/ reward profile. This allocation will enhance JARA's income
profile as the Mezzanine Debt Strategy is currently delivering
returns at the top end of JARA's total return target (7-9%), with
an income projection of 4-6% in local currency, while reducing
overall volatility.
The Manager continues to see attractive opportunities in real
assets, which are expected to be beneficiaries of a higher
inflationary environment, and has access to unique investment
opportunities across the J.P. Morgan Asset Management Alternatives
Platform. Given the attractive opportunity set and subject to
appropriate conditions, the Company is prepared to issue additional
shares to meet investor demand.
21st July 2021
Alison Vincent
JPMorgan Funds Limited - Company Secretary
Telephone 0207 742 4000
Tom Skinner
Investec Bank
Telephone 0207 597 4196
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCRMMFTMTJTBTB
(END) Dow Jones Newswires
July 21, 2021 02:00 ET (06:00 GMT)
Jpmorgan Global Core Rea... (LSE:JARA)
Historical Stock Chart
From Apr 2024 to May 2024
Jpmorgan Global Core Rea... (LSE:JARA)
Historical Stock Chart
From May 2023 to May 2024