TIDMJGGI

JPMorgan Global Growth & Income PLC

17 September 2020

London, UK, 17 September 2020

Edison issues review on JPMorgan Global Growth & Income (JGGI)

JPMorgan Global Growth & Income (JGGI) aims to provide superior total returns and outperform its benchmark over the long term by investing in a portfolio of 50-90 companies from around the world. It has achieved this objective, delivering outright gains and outperforming its benchmark since the inception of its current strategy in 2008. JGGI makes quarterly distributions set at the beginning of the financial year, with the intention of paying at least 4% of NAV at the time of announcement. Dividend payments can be funded from reserves, which means the managers are not constrained by the need to purchase high-yielding stocks but are instead free to invest in non-dividend paying stocks for capital growth. The managers believe this gives investors 'the best of both worlds'.

Despite a brief widening in the discount in late February and March at the beginning of the coronavirus pandemic, JGGI has traded mainly at a premium to cum-income NAV since the adoption of its higher distribution policy at the start of FY17. The trust is presently trading at a premium of 3.8%, compared to average premiums of 2.6% and 2.0% over one and three years respectively and average discounts of 1.6% and 3.6% over five and 10 years respectively. The trust's higher distribution yield, currently 3.7%, has been a major driver in this re-rating.

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Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

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September 17, 2020 11:06 ET (15:06 GMT)

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