JPMorgan American Delays Annual Results After UK FCA Request

(Alliance News) - JPMorgan American Investment Trust PLC said Monday it will be delaying annual ...

Alliance News 23 March, 2020 | 11:19AM
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(Alliance News) - JPMorgan American Investment Trust PLC said Monday it will be delaying annual results by at least two weeks following a request from the UK Financial Conduct Authority.

"In light of the unprecedented practical challenges for some companies and the audit profession arising from the Covid-19 pandemic, the FCA requested all listed companies who publish their preliminary results around this time, observe a moratorium on the publication of preliminary financial statements for at least two weeks," the trust said.

JPMorgan American was scheduled to release annual results this Wednesday.

At June 30, the FTSE 250-listed investment company's NAV per share stood at 480.8p, up 9.7% from 438.0p reported a year prior, and up 14% from 420.7p as at the end of 2018.

In the six months to the end of June 2019, JPMorgan American's NAV total return, in sterling terms, was 15%. The total return from the company's benchmark, the S&P 500 Index in sterling terms, was 18% over the same period.

Shares in JPMorgan American Investment Trust were 8.6% lower in London on Monday at 339.00 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
JPMorgan American Ord 471.00 GBX 0.96

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