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JPMorgan Global Convertibles agrees loan

03 July 2015 14:56

JPMorgan Global Convertibles Income Fund has entered into a two year $32,000,000 committed multicurrency revolving loan facility agreement with Scotiabank Europe plc.

The company may employ gearing up to a maximum of 20% of the net asset value at the time of borrowing. Gearing will be used to make investments consistent with the company's investment objective and policy and for working capital purposes.

At 2:56pm: (LON:JGCI) JPMorganGlobal ConvertiblesINC FD share price was -0.37p at 98.38p

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Related Company: JGCI

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