JPMorgan Global Core Real Assets Ld Update on Investment Progress (9126Z)
September 24 2020 - 2:00AM
UK Regulatory
TIDMJARA TIDMJARU TIDMJARE
RNS Number : 9126Z
JPMorgan Global Core Real Assets Ld
24 September 2020
JPMORGAN GLOBAL CORE REAL ASSETS LIMITED
Update on Investment Progress
Legal Entity Identifier: 549300D8JHZTH6GI8F97
JPMorgan Global Core Real Assets Limited (the 'Company') is
pleased to announce that $75,694,563 of the Company's committed
capital has been called, with a funding date no later than 1st
October 2020. This capital is being called by two of the
higher-yielding underlying strategies; the Global Core
Infrastructure and Global Transport Income strategies.
Collectively, the Manager estimates that, at current yields and
exchange rates, these additional strategies will generate 0.58
pence per share of revenue each quarter.
Along with existing investments into the Global Liquid Real
Asset and Private U.S. Real Estate strategies, this means that a
total of $181,163,783 will shortly have been deployed. This equates
to 99.5% of initial IPO proceeds and fulfills the aim stated in the
Prospectus, where the Manager believed there was capacity to 'allow
the Net Initial Proceeds to be called and invested within 12 months
following Initial Admission.' The Board and Manager are pleased the
Company has achieved this despite the disruption COVID-19 has
caused in global markets. These two new capital calls therefore
increase the Company's investment level significantly, add
diversification across sectors, geographies and asset type, as well
as materially bolstering the portfolio revenue.
Post the two capital calls and inclusive of the capital raised
post-IPO, the Company will be c.74% invested. The Company is still
awaiting its initial capital call into the final strategy, the
Private Asia-Pacific Real Estate strategy and expects this to occur
during the fourth quarter of 2020. That next investment will result
in the Company having materially deployed all capital raised since
its IPO.
The Manager continues to see attractive opportunities in real
assets across the JPMorgan Asset Management Alternatives Platform
and the Company will seek to raise further equity as client demand
and market opportunities present themselves.
Further updates will be provided as material notifications are
received by the Company.
24th September 2020
Alison Vincent
JPMorgan Funds Limited - Company Secretary
Telephone 0207 742 4000
Enquiries:
Fin Bodman / Richard Plaskett
JPMorgan Funds Limited
Telephone 0207 742 4000
Charlotte Crowe
J.P.Morgan Securities plc
0207 742 8805
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