NB Private Equity Partners Limited Nbpe Announces Dividend Payment

 
TIDMNBPE 
 
 
   NB Private Equity Partners Announces the First 2017 Semi-Annual Dividend 
 
   23 January 2017 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today declared the first 
2017 semi-annual dividend payment on the Company's class A Ordinary 
Shares ("Shares") of $0.25 per Share, to be paid on 28 February 2017.(1) 
On an annualised basis, this dividend payment represents a dividend 
yield of 3.2% based on the estimated December 2016 NAV and 4.1% based on 
the London Stock Exchange closing price of $12.16 on 19 January 2017. 
 
   As part of its long-term policy of paying regular dividends, NBPE 
intends to make semi-annual payments to its shareholders. As of 23 
January 2017, the dividend is 52% covered by the run rate cash yield 
from the income investments in the portfolio and approximately 14x 
covered based on total 2016 cash distributions of approximately $331 
million. NBPE continues to see a steady flow of new equity and income 
investment opportunities as well as strong distribution activity.2 
 
   Dividend Timetable 
 
 
 
 
Distribution amount:              $0.25 cents per Share 
Ex-dividend date:                 2 February 2017 
Dividend record date:             3 February 2017 
Final day for Currency Election:  10 February 2017 
Final day for DRIP Election3:     17 February 2017 
Payment date:                     28 February 2017 
 
 
   1. This dividend as well as future dividends shall be 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 amounts and the timing of future dividends. Future dividend 
      payments will be announced by NBPE after the Board of Directors have 
      completed such evaluation. 
 
   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 sustained 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. 
 
   3. Anyone acting for the account or benefit of a U.S. person who elects to 
      receive additional shares through the dividend re-investment plan would 
      need to sign a Qualified Purchaser certification, which is available from 
      the Company's Investor Relations upon request by contacting +1 214 647 
      9593 or [e-mail]. 
 
 
   For further information, please contact: 
 
   NBPE Investor Relations          [phone] 
 
 
 
   Neustria Partners                     [phone] 
 
   Nick Henderson 
[e-mail] 
 
   Robert Bailhache 
[e-mail] 
 
   Charles Gorman 
[e-mail] 
 
   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 Segment of the London Stock Exchange. NBPE has  2017 ZDP 
shares admitted to trading on the Specialist Fund Segment of the London 
Stock Exchange and the Daily Official List of The Channel Islands 
Securities Exchange Authority Limited and 2022 ZDP Shares  admitted to 
trading on the Specialist Fund Segment of the Main Market of the London 
Stock Exchange. NBPE holds a diversified portfolio of direct equity 
investments, direct income 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, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages equities, fixed 
income, private equity and hedge fund portfolios for institutions and 
advisors worldwide. With offices in 19 countries, Neuberger Berman's 
team is more than 1,900 professionals and the company has been named by 
Pensions & Investments as a Best Place to Work in Money Management for 
four consecutive years. Tenured, stable and long-term in focus, the firm 
fosters an investment culture of fundamental research and independent 
thinking. It manages $255 billion in client assets as of December 31, 
2016. For more information, please visit our website at www.nb.com. 
 
   THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR 
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE 
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS 
 
   This press release appears as a matter of record only and does not 
constitute an offer to sell or a solicitation of an offer to purchase 
any security. 
 
   NBPE is established as a closed-end investment company domiciled in 
Guernsey. NBPE has received the necessary consent of the Guernsey 
Financial Services Commission and the States of Guernsey Policy Council. 
NBPE is registered with the Dutch Authority for the Financial Markets as 
a collective investment scheme which may offer participations in The 
Netherlands pursuant to article 2:66 of the Financial Markets 
Supervision Act (Wet op het financial toezicht). All investments are 
subject to risk. Past performance is no guarantee of future returns. The 
value of investments may fluctuate. Results achieved in the past are no 
guarantee of future results. This document is not intended to constitute 
legal, tax or accounting advice or investment recommendations. 
Prospective investors are advised to seek expert legal, financial, tax 
and other professional advice before making any investment decision. 
Statements contained in this document that are not historical facts are 
based on current expectations, estimates, projections, opinions and 
beliefs of NBPE's investment manager. Such statements involve known and 
unknown risks, uncertainties and other factors, and undue reliance 
should not be placed thereon. Additionally, this document contains 
"forward-looking statements." Actual events or results or the actual 
performance of NBPE may differ materially from those reflected or 
contemplated in such targets or forward-looking statements. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

January 23, 2017 02:00 ET (07:00 GMT)

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