JPM Russian Securities confirms no capital raise even if sanctions lifted

No plans to issue new shares

Eve Maddock-Jones
clock • 1 min read

The board of JP Morgan Russian Securities trust has confirmed it would not engage in any fundraising regardless of the sanctions environment.

Ahead of the vote on its proposed portfolio changes next week, the board confirmed today (7 November) that in the event global sanctions on Russian assets are lifted "there are currently no plans to issue shares or raise capital". The board said it was "conscious of the company's existing shareholders pre-emption rights and that its duty is to promote the success of the company for the benefit of the members as a whole". JPMorgan Russian Securities seeks move away from pure Russian equities Today's update follows last week's news that the board and management team were seeking a wa...

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