JPMAM overhauls China trust's dividend policy in bid to challenge Fidelity's dominance
Renamed J.P. Morgan China Growth & Income plc
The trust will also change its name to J.P. Morgan China Growth & Income plc
The J.P. Morgan Chinese investment trust has overhauled its dividend policy and will change its name as it looks to break out from under Fidelity China Special Situations' shadow.
Shareholders approved an AGM resolution to allow the trust to pay an 'enhanced' dividend by distributing from capital profits as well as net revenue. Under the policy, the dividend target will be set...
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