JPMorgan Asset Management Updates August 2024 Distribution Amounts
JEP (JEP) Share Update August 2024 Friday 2nd
JPMorgan Asset Management Announces Updated Distribution for August 2024
JPMorgan Asset Management (Australia) Limited has announced updated distribution amounts for several of its ETFs for August 2024. Investors should take note of the new figures and important dates.
Instant Summary:
- Updated distribution amounts for four JPMorgan ETFs.
- Distribution amounts range from 22.0455 to 39.1007 cents per unit.
- Key dates include Ex-Date on 5 August 2024 and Payment Date on 21 August 2024.
- Investors must be registered unitholders as of the Record Date to receive distributions.
Updated Distribution Details
JPMorgan Asset Management (Australia) Limited has released updated distribution amounts for August 2024 for several of its ETFs. The updated cash distribution amounts are as follows:
- JEPI: 22.4484 cents per unit
- JHPI: 22.0455 cents per unit
- JPEQ: 39.1007 cents per unit
- JPHQ: 37.9698 cents per unit
These updates are estimates and do not guarantee that a distribution will be paid for the distribution period.
Distribution Timetable
The key dates for the distribution are as follows:
- Estimated Distribution Announcement Date: 29 July 2024
- Updated Distribution Announcement Date: 2 August 2024
- Ex-Date: 5 August 2024
- Confirmed Distribution Announcement Date: 6 August 2024
- Record Date: 6 August 2024
- Payment Date: 21 August 2024
Investor Requirements
To receive the distribution, investors must be registered unitholders of the Fund as of the Record Date. Investors can participate in the Distribution Reinvestment Plan (DRP) by submitting the Change of Distribution Election Form to the Unit Registrar or making an electronic election by 5:00 p.m. (Sydney time) on the Record Date.
Investors must provide their nominated Australian bank account details to Link Market Services Limited before the Record Date. If not updated, investors can register online or call the hotline at 1800 576 100.
The updated distribution amounts are likely to have a positive impact on investor sentiment, as they provide clarity and predictability for income-focused investors. The relatively high distribution amounts may attract new investors looking for steady income streams.
Investor Reaction:
Analysts are expected to react positively to the updated distribution amounts, as they indicate strong performance by the ETFs. The clarity on distribution dates and amounts will likely be well-received by current and prospective investors.
Conclusion:
Investors should mark their calendars with the key dates and ensure they are registered unitholders by the Record Date to receive the distributions. Participating in the Distribution Reinvestment Plan could be a strategic move for those looking to reinvest their earnings.