JPMorgan Investment Trusts demonstrate commitment to shareholders

The Investment Trusts managed by JPMorgan Asset Management continue to demonstrate commitment to shareholders by announcing dividend payments to investors.

During April 2008 two investment trusts declared the dividends they will be paying to shareholders.

JPMorgan Claverhouse Investment Trust declared a first quarter interim dividend of 3.50 pence per share for the year ending 31 December 2007. During 2007 the Investment Trust increased its total dividend payments from 13.5 pence to 15.3 pence, an increase of 13.3% from 2006. Ten years ago the dividend was 6.8 pence per share.

JPMorgan Claverhouse Chairman, Sir Michael Bunbury said, "Although we expect some slowing of dividend growth in 2008 and 2009, the Company has a substantial revenue reserve and we expect to continue to increase the Company's dividend ahead of the rate of inflation."

Additionally, in its interim statement, JPMorgan Elect announced dividend payments for all three of its share classes.

Simon Miller, Chairman of JPMorgan Elect said, "While our investment managers continue to exercise caution in a difficult climate, we remain committed to providing a return to shareholders through the payment of dividends across all three share classes."

Commenting on the strategic approach adopted by the Boards, David Barron, Head of Investment Trusts at JPMorgan Asset Management said, "We recognise that dividends are an important part of the return to shareholders. JPMorgan Claverhouse has the enviable track record of increasing its dividends every year since 1972. The investment trust structure is well-suited to paying progressive dividends with the increased flexibility provided by having a revenue reserve."