New share issue available for ISA investors

JPMorgan Global Emerging Markets Income Trust has announced its intention to raise further capital through an issue of new shares.

Following continued investor demand since its launch in July 2010, the Board of the investment trust is providing the opportunity for existing and new investors to gain exposure to dividend-paying companies across global emerging markets, through the form of placing and offer for subscription of conversion shares (C shares).

The share issue is expected to appeal to a broad range of investors keen to diversify their income portfolios and in particular to those looking to top up their existing ISAs and invest in the new ISA period.

Chairman of the Board of the JPMorgan Global Emerging Markets Income Trust, Andrew Hutton said, "Since the trust's launch in 2010 we have experienced continued investor demand from investors seeking income from emerging markets. The C share offer is designed to meet that demand.  Our investors have the prospect of both exciting growth from emerging markets and a higher dividend yield than can be obtained in many developed markets."

Commenting on the investment strategy, Richard Titherington, CIO of Emerging Market Equities at J.P. Morgan Asset Management and Manager of the JPMorgan Global Emerging Markets Income Trust said, "This investment trust is capturing a new income opportunity for investors and offering diversification of income away from UK income investments. We believe in the long term fundamentals of emerging markets and, while volatile, they can continue to provide investors with growth and, increasingly, income as companies become more inclined to distribute profits to shareholders."

The JPMorgan Global Emerging Markets Income Trust seeks to deliver a yield above that of the FTSE All Share (2.8% as at 18th Feb 2011) and offer a progressive dividend (the Company recently announced its first interim dividend to shareholders of 1.00 pence per share for the period to 28th January 2011). The investment trust holds between 50 and 70 stocks with a diverse sector and geographical breakdown.

The prospectus for the C Share issue will be available from early March 2011 and the offer period will be open for investors throughout the current ISA season and also for early bird 2011/12 ISA applications with the offer closing in Mid April.   Further details on the Company as well as the opportunity to register for a copy of the prospectus are available at jpmglobalemergingmarkets.co.uk.

Winterflood Investment Trusts is acting as sponsor.