TIDMAIA 
 
 

ALTIN: 2011 annual report

 

Baar, 2 April 2012 - ALTIN AG (SIX: ALT, LSE: AIA), the Swiss alternative investment company listed on the London and Swiss stock exchanges, publishes its annual report for the year 2011 today. The annual report is available on the company's web site under the "About ALTIN"/"Reports & Publications" section (https://www.altin.ch/about-altin/publications/index.htm). A detailed release will be distributed following the Annual General Meeting on 25 April.

 

In accordance with the new dividend policy announced on 24 November 2011, the Board of Directors proposes to shareholders to accept a dividend of CHF 4.10 per share, paid out of share premium reserves. This amount corresponds to 7% of the NAV as per 31 December 2011 representing a dividend yield of 9.3% based on the end-of-year share price1, and is therefore significantly higher than initially expected. With this proposal, the Board of Directors intends to establish ALTIN as an even more appealing investment, by attracting a wider pool of investors.

 

For the time being, the Board of Directors does not intend to propose the election of a new Board member, in replacement of Francesco Rossi who passed away in autumn 2011.

 

The invitation to the General Assembly and the annual report are available on the company's web site under "About ALTIN"/"Reports & Publications", respectively "Other documents" and "Annual Reports" sections (https://www.altin.ch/about-altin/publications/index.htm).

 

For further information, please contact:

 
Marc T. Clapasson                            David Hothersall 
Investor Relations Manager Switzerland       Kinlan Communications 
Tél. +41 41 760 62 60                        Tel. +44 20 7638 3435 
info@altin.ch                                davidh@kinlan.net 
Marie-Claire Panayiotopoulos 
Investor Relations Manager UK 
Tél. +41 41 760 62 60 
info@altin.ch 
 
 

Note to Editors

 

About ALTIN AG

 

ALTIN AG was launched in 1996 and is listed on the SIX Swiss Exchange as well as on the London Stock Exchange. It ranks among Switzerland's leading alternative investment companies. Currently, ALTIN is invested in more than 35 hedge funds representing diverse investment strategies. Its objective is to generate an absolute compound annual return in USD terms with lower volatility than equity markets. Owing to these characteristics and a low correlation with equity markets, ALTIN shares provide an ideal complement for all diversified portfolios. ALTIN has one of the longest track records in the world as a listed fund of hedge funds.

 

ALTIN is managed by Alternative Asset Advisors SA, a management firm specializing in alternative investments and a member of the SYZ & CO Group.

 

www.altin.ch

 

1 Figure based on a share price of USD 46.8 on 30 December 2011 (SIX Swiss Exchange).

 
 
 
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