LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN AMERICAN INVESTMENT TRUST PLC (the 'Company')
CHANGE IN GEARING RANGE
Legal Entity Identifier: 549300QNAI4XRPEB4G65
The Board of JPMorgan American Investment Trust plc announces a change in the Company's gearing range effective from 16th March 2020.
The Company has a strategic gearing level of 10%. As announced on 27th February 2020 it has operated with a tactical gearing level of 10%, plus or minus 2%. In the light of current volatile market conditions, the Board has decided that while the tactical gearing level will remain unchanged at 10%, the permitted range around this level will be widened from plus or minus 2% to plus or minus 4% meaning gearing may vary between 6% and 14%.
There is no change to the Company's available borrowing facilities or to the gearing policy which is to operate within the range of 5% net cash to 20% geared in normal market conditions.
16th March 2020
For further information, please contact:
Richard Plaskett
Alison Vincent
JPMorgan Funds Limited - Company Secretary
Telephone 0207 742 4000
