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| Growth Dividends 2011 |
Ordinary Income shares are entitled to share in all of the distributable revenues arising from assets attributable to both the Zero Dividend Preference shares and Ordinary Income shares, whereas the Common shares are entitled only to distributable revenues attributable to the proportion of the Company's total assets that they represent.
These interim dividends amount to substantially all of the revenues available for distribution from the Company's investment portfolio arising during the first quarter of the current financial year. Pursuant to acceptances of the cash exit for Zero Dividend Preference shareholders, which formed part of the Company's reconstruction in November 2010, the Company's investment portfolio was significantly reduced in size from approximately £90m in November 2010 to its current level of approximately £39.6m as at 31 March 2011.
The Board anticipates that future dividends will continue to reflect the reduced size of the Company. The Directors do not anticipate a significant increase in the level of the first quarter dividends for the foreseeable future. The Directors are nevertheless mindful of the advantage in maintaining consistent quarterly dividend payments.
Monthly fact sheets for Jupiter's investment trust clients are available for download fromwww.jupiteronline.co.uk and by post on request from the company secretarial department.
Enquiries:
Faith Pengelly
e-mail: fpengelly@jupiter-group.co.uk
Jupiter Asset Management Limited
0207 314 4915
Sources: http://www.reuters.com
