Information  X 
Enter a valid email address

JPMorganInc&CapTst (JPI)

  Print      Mail a friend       Annual reports

Friday 15 January, 2010

JPMorganInc&CapTst

Interim Management Statement

RNS Number : 6294F
JPMorgan Income & Capital Trust PLC
15 January 2010
 



JPMorgan Income & Capital Trust plc


Interim Management Statement


For the three months ended 30th November 2009


This interim management statement relates to the quarter from 1st September 2009  to  30th November 2009 and contains information that covers that period, unless otherwise stated.  


Financial performance - Cumulative Total Return *



1 month

3 months





Net asset value

2.2%

5.9%

Benchmark

2.9%

5.9%


Shareholder's funds total return with net dividends reinvested

Source: JPMAM/Fundamental Data


Financial position 



As at

30th Nov 2009

As at 

11th Jan 2010

Total assets (£'000)

£96.8m

£102.3m

Gearing (ordinary shares)

214.4%

202.5%

Gearing (units)

115.1%

115.4%


Ordinary Shares


As at

30th Nov 2009

As at

11th Jan 2010 

Net assets (£'000)

£45.1m

£50.4m

Net asset value per share

65.0p

74.0p

Share price

64.5p

64.75p

Discount (-) / Premium (+)

-0.8%

-12.5%


Zero Dividend Preference Shares

As at

30th Nov 2009

As at

11th Jan 2010 

Net assets (£'000)

£51.7m

£51.9m

Net asset value per share

112.1p

112.7p

Share price

112.5p

111.75p

Discount (-) / Premium (+)

+0.4%

-0.9%









Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data




Material transactions 


Changes to share capital 



Issued Ordinary Shares of 1

Issued Zero Dividend Preference Shares of 1p




Shares in issue as at 1st September 2009

67,506,782

46,087,200

Shares bought back and cancelled

-

-

Shares bought back into treasury

-

-

Shares issued - from treasury

-

-

Shares issued 

-

-

As at 30th November 2009

67,506,782

46,087,200


During the quarter, the Company did not repurchase or issue any shares. 


Declaration of dividends


On 22nd December 2009 the Directors declared that a third interim dividend of 1.25 pence per ordinary share for the year ending 28th February 2010 would be paid on 29th January 2010 to shareholders on the register at the close of business on 4th January 2010. 


Portfolio


Top ten holdings as at 30th November 2009


Stock name

Sector

Weight %

HSBC

Financials

9.4

Royal Dutch Shell

Oil & Gas

8.4

BP

Oil & Gas

7.9

Vodafone

Telecommunications

5.1

GlaxoSmithKline

Health Care

4.8

JPMorgan Global Corporate Bond Fund

Fixed Interest

4.6

BHP Billiton

Basic Materials

4.3

Rio Tinto

Basic Materials

3.3

British American Tobacco

Consumer Staples

3.1

AstraZeneca

Health Care

3.0








Sector analysis as at 30th November 2009



Portfolio %

Financials

22.7

Oil & Gas

18.4

Basic Materials 

11.6

Consumer Services

8.5

Consumer Goods

8.2

Health Care

7.9

Telecommunications

6.4

Industrials

6.3

Fixed Interest

4.6

Utilities

3.3

Technology

0.8

Cash

1.2

Total

100.0



By order of the Board

Divya Amin, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

15th January 2010


Registered office: Finsbury Dials, 20 Finsbury StreetLondonEC2Y 9AQ

Telephone: 020 7742 6000


This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. 


Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmincomeandcapital.co.uk 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSBBGDBXDBBGGU