LONDON - JPMorgan Global Core Real Assets Limited (the "Company") announced today that during an Extraordinary General Meeting held on Friday, shareholders approved a series of significant resolutions, including the adoption of a new investment objective and policy, conversion of all shares into redeemable ordinary shares, and the adoption of new articles of incorporation.
The resolutions, which were set forth in a notice dated December 3, 2024, passed with an overwhelming majority. The vote to adopt the new investment objective and policy received 99.57% approval, with just 0.43% opposing. Similarly, the resolution to convert all shares into redeemable ordinary shares was approved with 99.58% in favor. The adoption of the new articles of incorporation also passed with 99.59% of the votes.
The Company's decision to revise its investment objective and policy reflects a strategic shift, although the specifics of the new policy were not disclosed in the announcement. The conversion of shares into redeemable ordinary shares indicates a move to provide the Company with greater flexibility in managing its capital structure.
The resolutions are part of the Company's broader efforts to restructure and align its operations with its strategic goals. The exact details of the resolutions and the implications for shareholders and the Company's investment strategies remain to be seen. However, the high percentage of votes in favor suggests strong shareholder support for the Company's direction.
These changes come at a time when the investment landscape is continuously evolving, and firms are seeking to adapt to market conditions and investor expectations. JPMorgan Global Core Real Assets Limited's adjustments to its investment framework and capital structure are steps towards positioning the Company for future developments.
The results of the meeting and the full text of the resolutions will be accessible for inspection at the National Storage Mechanism. This announcement is based on a press release statement and further information regarding the changes can be found on the Company's website.
It is important to note that the information provided in this article is based on a press release statement and should not be seen as an endorsement of the Company's strategies or prospects.
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