Disclosure – Non-Independent Marketing Communication
This is a non-independent marketing communication commissioned by [FUND]. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
JPMorgan Global Core Real Assets (JARA) is aiming to issue C-Shares of at least £80m - £100m. The shares will be issued at NAV less costs (JARA ordinary shares are currently trading on a premium of 11%). This follows the recent completion of the investment of the IPO proceeds, although JARA does have funds still available for investment following subsequent share issuance, which are expected to be near fully deployed around the year end. The C-Share issue will be used to help diversify JARA’s portfolio further, with a similar strategic asset allocation to IPO taking, advantage of the opportunities across infrastructure, property and transport as well a new allocation to US Real Estate Mezzanine Debt. This is intended to generate an attractive yield from a senior part of the capital structure. The offer will close for applications on 9 December 2020 with the shares expected to start trading on 15 December.
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