JPMorgan American IT to tap market

JPMorgan American Investment Trust is to place up to 1.8m new shares at a premium to the net asset value of the shares.

The trust said that the shares will be issued at a price reflecting the market price provided that such price is not less than a 1.25% premium to the net asset value (including income and valuing debt at fair value) per existing ordinary share at close on Wednesday, October 17th.

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