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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altin Reg | LSE:AIA | London | Ordinary Share | CH0014424524 | REG SHS CHF17 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.225 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAIA
ALTIN: New high-dividend policy
Baar, 24 November 2011 - ALTIN AG (SIX: ALTN, LSE: AIA), the Swiss alternative investment company listed on the London and Swiss stock exchanges, today announces a change in its dividend policy. Whereas until now the company did not pay any dividend, the Board of Directors intends to propose each year to the General Meeting that a dividend equivalent of 4% of the Net Asset Value (NAV) be paid. Furthermore an additional distribution would be offered to shareholders, of 20% of the annual performance exceeding 4%. These amounts would be paid out of share premium reserves.
In order to make the company more attractive to investors, the Board of Directors proposes to change the company's dividend policy and to pay the shareholders a particularly high dividend. Thus the Board would propose to each Annual General Meeting that a dividend equivalent to 4% of the NAV be paid, provided that the legal requirements are met. In view of the current share price (USD 45.50 on 22 November 2011), the return offered by the dividend would thus amount to more than 5.7%, which makes ALTIN a particularly attractive investment.
Furthermore, should the investment performance be higher than 4% of the NAV during the previous financial year, an additional distribution corresponding to 20% of the excess performance would be proposed to the shareholders.
For any further information, please contact:
Marc T. Clapasson Investor Relations Manager Switzerland Tel. +41 41 760 60 62 info@altin.ch Marie-Claire Panayiotopoulos Investor Relations Manager UK Tel. +41 41 760 60 62 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 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
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