Tuesday, 14 August 2018

Announcement

GENERAL: JPG: Fixed Rate Borrowing

10 Jan 2018 08:30NZX
JPMORGAN GLOBAL GROWTH & INCOME PLC

(the ''Company'')

LONDON STOCK EXCHANGE ANNOUNCEMENT

Fixed Rate Borrowing

Legal Entity Identifier: 5493007C3I0O5PJKR078

The Board of the Company announces that it has agreed to issue ?30m fixed
rate 30 year unsecured notes (the "Notes") at an annualised coupon of 2.93%.

The funding date is today, 9th January 2018 and the Notes are due to be
repaid on 9th January 2048.The current ?25m revolving credit facility with
National Australia Bank is will be repaid on the 11th January 2018.

The Board has agreed to issue the Notes to take advantage of current market
conditions which are considered to offer an attractive level of long term
gearing. The Notes will be unsecured which gives the Company increased
flexibility to manage its borrowings in the future. There has been no change
in the Investment Managers'' permitted gearing range, as previously set by the
Board, to limit gearing within the range of 5% net cash to 20% geared in
normal market conditions.

9th January 2018

For further information please contact:

Divya Amin

JPMorgan Funds Limited      020 7742 4000
End CA:00312867 For:JPG    Type:GENERAL    Time:2018-01-10 08:30:25
Views: 22
JPMorgan Global Growth & Income plc
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