Shareholders in Jupiter Second Split Trust PLC, Jupiter Second Enhanced Income Trust PLC and The Defined Capital Return Fund Limited have endorsed proposals put forward to rollover and reconstruct the companies into one.

Some 78% of shareholders in the Jupiter Second Split Trust PLC, managed by Philip Gibbs, voted in favour of an extension of the Trust's life until 31 October 2014. Furthermore, some 68% of shareholders in the Jupiter Second Enhanced Income Trust PLC and 46% of shareholders in the Defined Capital Return Fund Limited voted in favour of rolling their shareholdings over into Jupiter Second Split Trust PLC.

Jupiter Second Split Trust PLC has now made an application to list 216,361,793 Geared Ordinary shares and 432,723,586 Zero Dividend Preference shares (some of which will be delivered in the form of 22,777,008 separately traded Packaged Units each comprising one Geared Ordinary Share and two Zero Dividend Preference shares) on the London Stock Exchange on 3 November 2009.

Edward Bonham Carter, Chief Executive of Jupiter Asset Management, said: "We are delighted that shareholders in these companies have chosen to back the reconstruction proposals with such a high level of reinvestment. It is a strong endorsement of Philip Gibbs' abilities as a fund manager."

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NOTE

Jupiter Asset Management Limited (JAM) is authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter". Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.