F&C Priv. Res Share Discussion Threads

[loverat] 05/9/2012 15:33

??????


22 August 2012

To: RNS
Date: 22 August 2012
From: F&C Private Equity Trust plc

Restatement of objective and announcement of first dividend payment

Following the recent approval by shareholders of a new dividend policy, the Company announces a restatement of its investment objective, in respect of the Ordinary Shares, as follows:

"To achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company's revenue and realised capital profits."

In accordance with the new dividend policy, the Board declares an interim dividend of 4.96p per Ordinary Share, payable on 2 November 2012 to shareholders on the register on 5 October 2012. For illustrative purposes only, this represents an annualised dividend yield of 6.4 per cent based on the Ordinary Share price as at 30 June 2012.

For more information, please contact:

[loverat] 05/9/2012 15:28

I thought it might be a large dividend mentioned in the last results but does not seem to be that. I am intrigued.

[solarno lopez] 05/9/2012 15:25

good question !

[roglane2] 05/9/2012 13:47

What has happened to the SP