FOURTH COMPULSORY PARTIAL REDEMPTION OF SHARES

JPMorgan Global Core Real Assets Ld

15 April 2026

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

('JARA' or the 'Company')

FOURTH COMPULSORY PARTIAL REDEMPTION OF SHARES

Legal Entity Identifier: 549300D8JHZTH6GI8F97

Further to the approval given by the Company's shareholders to allow compulsory redemptions of the Company's ordinary shares ("Shares") as described in the circular dated 3 December 2024 (the "Circular"), the Company today announces that it will return approximately £24.0 million by way of a compulsory partial redemption of up to 24,963,977 Shares (the "Fourth Redemption") on 30 April 2026 (the "Redemption Date").

As at today's date, the Company has 53,630,307 Shares in issue. Approximately 46.5% of the Company's issued share capital will therefore be redeemed. The Redemption Price per Share will be 96.207696 pence, being the NAV per Share as at 31 March 2026 adjusted to take into account the costs of the redemption, with the amount to be applied to the redemption comprising monies from the Company's existing cash balances. The Fourth Redemption will be effected pro rata by reference to shareholdings on the register as at close of business on 30 April 2026 (the "Redemption Record Date").

Fractions of Shares will not be redeemed and so the number of Shares held by each shareholder to be redeemed compulsorily on the Redemption Date will be rounded down to the nearest whole number of Shares. Any Shares which have traded on or before the Redemption Date, but have not settled, will be included in the Fourth Redemption.

On this basis, a holder of 10,000 Shares will have 4,654 Shares redeemed and will receive £4,477.51 in cash.

All Shares that are redeemed will be cancelled with effect from the Redemption Date. Accordingly, once redeemed, such Shares will be incapable of transfer.

It is estimated that all proceeds of the partial compulsory redemption will be effected either through CREST (in the case of Shares held in uncertificated form) or paid by cheque (in the case of Shares held in certificated form) in pounds Sterling within fourteen business days of the Redemption Date, or as soon as practicable thereafter (the "Redemption Payment Date").

The Shares will be disabled in CREST after close of business on the Redemption Date and the existing ISIN number GG00BS5ZFX32 (the "Old ISIN") will expire at the same time.

The new ISIN number GG00BWPKR307 (the "New ISIN") in respect of the remaining Shares which have not been redeemed, and which will be in issue and listed following the Redemption Date, will be enabled and available for transactions from and including 1 May 2026.

Up to and including the Redemption Date, the Shares will continue to be traded under the Old ISIN. Any purchaser of Shares trading under the Old ISIN who is not on the register as at the Redemption Record Date will have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of any further redemptions.

Expected timetable for redemption

The expected dates and sequence of events relating to the implementation of the Fourth Redemption are set out below:

Redemption Record Date	5:00pm on 30 April 2026
Redemption Date and expiry of Old ISIN number	30 April 2026
Redemption Ex Date	1 May 2026
New ISIN number GG00BWPKR307 enabled	1 May 2026
Estimated latest date for the Redemption Payment Date	15 May 2026

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.

Wind-down Update

Following the Fourth Redemption, the Company will have realised and returned 82.5% of the assets which it held as at the announcement of the Managed Wind-down proposals in December 2024. 

The Company will continue to release its estimated unaudited NAV on a monthly basis. Any material changes to the estimated timetable provided to the market in the Company's announcement released on 20 February 2026 and the update announcement on 7 April 2026, will be notified to Shareholders through an RIS provider. 

15 April 2026

For further information, please contact:

Neil Martin / William Talkington

For and on behalf of

JPMorgan Funds Limited - Company Secretary

Telephone: [phone] (or [phone])

E-mail: [e-mail]     

David Yovichic / Tom Skinner

Investec Bank plc - Corporate Broker

Telephone: [phone]

 

END