Following the completion of a managed wind-down (initially proposed at the end of 2024), the JPMorgan Global Core Real Assets Trust has announced a voluntary liquidation.
The trust’s holdings have been fully redeemed, and the cash proceeds received, with the unaudited net asset value per share as of the end of May standing at 92.7p.
Yesterday (29 June), the trust entered an agreement for the sale and purchase of the trust’s US strategy/US real estate fund, which will leave all of the company’s assets in cash, or near-cash assets.
As a result, the trust believes “it is now appropriate” to put forward proposals to liquidate the company, with KPMG set as the liquidator and to review the financial position.
Following the review, a shareholder circular will be published in July to lay out the costs of liquidation and announce a general meeting of the trust for August or September this year.
Given this announcement and the fact that the last year was spent regularly updating the shareholders on the managed wind-down process, the team has opted not to produce an annual report this year.
See also: J.P. Morgan proposes wind-down plan for Global Core Assets trust
