Subscription Shares Calculator

Subscription shares carry more risks than ordinary shares and you should be aware of these risks before making any investments.
More about the risks can be found on our subscriptions shares page – What are the risks of subscription shares.

This table is a guide to how much you stand to lose or make when converting your subscription share to ordinary shares. Each calculation is made on today's price therefore the amounts shown are a guide only. Due to market movement of the ordinary price you will not necessarily get the amounts shown here.

Those looking to buy subscription shares in the secondary market may also find this useful but must factor in transactional costs (government stamp duty, PTM Levy, bid offer spread and broker commissions) in determining their attractiveness. Please note that due to their characteristics, subscription shares are not available for purchase through the J.P. Morgan WealthManager+ Accounts or Classic Accounts.

Find out more about subscription shares

Trust Name JPMorgan Overseas Investment Trust plc JPMorgan Japan Smaller Companies Trust plc JPMorgan Smaller Companies Investment Trust plc
Current ordinary Price      
Ordinary ticker JMO JPS JMI
Subshare ticker JMOS JPSS JMIS
Conversion period 31 October 2013* 31 January 2015 to 30 November 2016* 31 March 2015 to 30 June 2017*
YEAR 1 900.00 243.00 915.00
In/out Money      
Conversion period 30 April 2014 and 31 October 2014* Not applicable Not applicable
YEAR 2 943.00 NaN NaN
In/out Money      
Conversion period 30 April 2015 and 30 October 2015* Not applicable Not applicable
YEAR 3 986.00 NaN NaN
In/out Money      
Conversion period Not applicable Not applicable Not applicable
YEAR 4      
In/out Money      
Conversion period Not applicable Not applicable Not applicable
YEAR 5      
In/out Money      
Conversion Dates Sub Shares life expires 30 October 2015. Sub Shares life expires 30 November 2016. Sub Shares life expires 30 June 2017.

*In accordance with the Subscription Share Rights, a notice of exercise must be received by the Registrar no later than 10 business days before the relevant conversion date and no earlier than 30 business days before the relevant conversion date. Further details can be found on the JPMorgan Overseas Investment Trust website at www.jpmoverseas.co.uk , JPMorgan Japan Smaller Companies Trust website at www.jpmjapansmaller.co.uk or JPMorgan Smaller Companies Investment Trust website website at www.jpmsmallercompanies.co.uk.