NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
 
   21 January 2014 
 
   NB Private Equity Partners Limited ("NBPE" or "the Company"), a 
closed-end private equity investment company, today declared the first 
2014 semi-annual dividend payment on the Company's class A ordinary 
shares ("Shares") as part of its long-term policy of paying regular 
dividends. 
 
   The Board of Directors of NBPE has declared the first 2014 semi-annual 
dividend payment of $0.22 to be paid on each Ordinary Share on 28 
February 2014. On an annualized basis, this dividend payment represents 
a dividend yield of 3.5% based on the estimated December 2013 NAV and 
4.3% based on the Euronext closing price of $10.20 on 20 January 2014. 
This dividend payment represents a $0.01 per Share increase from the 
semi-annual dividend paid on 30 August 2013 and brings the cumulative 
dividend paid during 2013 and 2014 to $0.63 per Share. 
 
   Under the long-term dividend policy, NBPE intends to pay regular, 
semi-annual dividends to its shareholders. Over time, NBPE intends to 
pay this dividend from the cash yield it receives from its direct 
yielding investments. NBPE also intends to continue to grow its Net 
Asset Value ("NAV") per Share through appreciation of its direct 
co-investments and fund investments. 
 
   NBPE has been successfully executing on its previously announced 
strategy of increasing its percentage of direct yielding investments and 
direct co-investments, while reducing its exposure to private equity 
funds. Currently, on a pro forma basis, all direct investments total 
$327.3 million, or 53% of NAV, which includes a total of $173.2 million, 
or 28% of NAV, in direct yielding investments.(1) 
 
   On a pro forma basis, NBPE's dividend is approximately 73% covered by 
the run rate current cash yield on its direct yielding portfolio and 
NBPE estimates that dividends at the current level will be fully covered 
on a run rate basis by the cash yield on its direct yielding investments 
in the first half of 2014.(2) 
 
   This dividend as well as future dividends shall be made conditional on 
the passing of the solvency test under Guernsey law. The Board of 
Directors will continue to evaluate the Company's financial position, 
annual dividend target and the timing of future dividends. Future 
dividend payments will be announced by NBPE after the Board of Directors 
have completed such evaluation. 
 
   Dividend Timetable 
 
 
 
 
Distribution amount per Share:  $0.22 cents per Share 
Ex-dividend date:               29 January 2014 
Dividend record date:           31 January 2014 
Payment date:                   28 February 2014 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   1.        Pro forma for investments that NBPE has agreed to participate 
in but which have not yet closed and realization activity post 31 
December 2013. Direct yielding fair value includes equity commitments 
made alongside mezzanine financings. 
 
   2.        The above distribution guidance regarding investment portfolio 
performance is a target only and not a profit forecast. There can be no 
assurance that this target will be met or that the Company will make any 
distributions whatsoever. The times and dates in this announcement are 
expected times and dates only and are subject to change. Any such 
changes will be notified to shareholders through a regulatory 
information service. 
 
   For further information, please contact: 
 
   NBPE Investor Relations          +1 214 647 9593 
 
 
 
   FTI Consulting                         +44 20 7269 7297/7243 
 
   Edward Berry 
 
   Laura Ewart 
 
   ABOUT NB PRIVATE EQUITY PARTNERS LIMITED 
 
   NBPE is a closed-end private equity investment company with class A 
ordinary shares admitted to trading on Euronext Amsterdam and the 
Specialist Fund Market of the London Stock Exchange. NBPE has ZDP shares 
admitted to trading on the Specialist Fund Market of the London Stock 
Exchange and the Daily Official List of the Channel Islands Stock 
Exchange. NBPE holds a diversified portfolio of direct yielding 
investments, equity co-investments and fund investments selected by the 
NB Alternatives group of Neuberger Berman, diversified across private 
equity asset class, geography, industry, vintage year, and sponsor. 
 
   ABOUT NEUBERGER BERMAN 
 
   Neuberger Berman is a private, independent, employee-controlled 
investment manager. It partners with institutions, advisors and 
individuals throughout the world to customize solutions that address 
their needs for income, growth and capital preservation. With more than 
1,900 professionals focused exclusively on asset management, it offers 
an investment culture of independent thinking. Founded in 1939, the 
company provides solutions across equities, fixed income, hedge funds 
and private equity, and had $227 billion in assets under management as 
of 30 September 2013. For more information, please visit our website at 
www.nb.com. 
 
   NBPE Announces Dividend Payment - January 2014: 
http://hugin.info/137843/R/1755782/592892.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NB Private Equity Partners Limited via Globenewswire 
 
   HUG#1755782 
 
 
  http://www.nbprivateequitypartners.com 
 

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Lug 2023 a Lug 2024