Jupiter Emerging & Frontier Income Trust PLC (the 'Company')
Legal Entity Identifier: 213800RLXLM87NO26S30
Voluntary Redemption of Ordinary Shares
With reference to the announcement issued by the Company on 4 May 2021, the Company has a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of ordinary shares of 1p each ("Ordinary Shares") for cash on the last business day in June each year. The closing date for requests for redemption was 2 June 2021.
The total number of Ordinary Shares in respect of which valid redemption requests were received for the redemption point on 30 June 2021 ("the Redemption Point") was 25,670,791 (representing 30% of the issued share capital).
Given the level of redemption requests, the Directors have elected to calculate the Redemption Price using the Redemption Pool method, under which each of the Company's portfolio holdings together with the Company's other assets and liabilities will be divided in proportion to the percentage of shareholders opting for redemption, with 30% set aside in a Redemption Pool. The assets of the Redemption Pool will be liquidated and the realisation proceeds, after deduction of any relevant costs and liabilities, will be distributed to exiting shareholders. A further announcement on proceeds and timing will be made following the Redemption Point.
Further details of the redemption facility are set out in the Company's Articles of Association and are also available from the Company Secretary.
The Directors of the Company have discretion over the operation of the redemption facility and the calculation of the Redemption Price.
Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary.
Enquiries:
Magnus Spence
Head of Investment Trusts and Alternatives
Jupiter Asset Management Limited, Company Secretary
020 3817 1000
investmentcompanies@jupiteram.com
Link Group
0371 664 0300
shareholderenquiries@linkgroup.co.uk
Liz Yong / Luke Simpson
Peel Hunt LLP
020 7418 8900
3 June 2021
www.jupiteram.com/JEFI
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