JPMorgan European Investment Trust has agreed a ââ¬15,000,000 364 day facility agreement with Scotia Bank Ireland.

The company says that further to its announcement on 30 July regarding its agreement to issue ââ¬50,000,000 fixed rate 20 year unsecured private placement notes, the private placement was been approved by the company's board, documents executed and funding for the notes made on 26 August.

The loan notes are due for repayment on 26 August 2035 (two days later than stated in the 30 July announcement).

The company may employ gearing up to a maximum of 20% of net asset value at the time of borrowing. Gearing will be used to make investments consistent with the Company's investment objective and policy and for working capital purposes.


At 9:34am:

(LON:JETG) JPMorgan European Investment Trust Growth share price was +2.13p at 234.88p

(LON:JETI) JPMorgan European Investment Trust Income share price was +2.38p at 125.75p