Notice to Shareholders from JP MORGAN AM (EUROPE) (LU) - 07/08/2024
We refer to the notification letter from JP MORGAN AM (EUROPE) (LU) with the following announcement(s).
1. GENERAL CHANGES.
Effective from 23/07/2024, the following fund/s will be affected by general changes explained in detail in the official notice.
• LU1255011170 JPM CHINA A-SHARE OPPORTUNITIES "A" (USD) ACC
• LU0862451837 JPM EMERGING MARKETS DIVIDEND "A" (USD) INC (M)
• LU1041599405 JPM INCOME "A" (USD) ACC
• LU1128926307 JPM INCOME "A" (HKD) INC (M)
• LU1258876868 JPM CHINA A-SHARE OPPORTUNITIES "A" (HKD) ACC
• LU0862451670 JPM EMERGING MARKETS DIVIDEND "A" (HKD) INC (M)
• LU1128926489 JPM INCOME "A" (USD) INC (M)
The Management Company accrues for its best estimate of these taxes on a daily basis and this is reflected in the NAV. The Indian Union Budget of 23 July 2024 proposed increases to the CGT rates As a result, the Management Company has decided to effect these changes to the CGT rates in the calculation of the CGT accrual in the Funds' NAV from today, on the basis that the amended rates reflect the best estimate of future taxes due on Indian equity holdings.
