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NBPE Nb Private Equity Partners Limited

1,610.00
-12.00 (-0.74%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nb Private Equity Partners Limited LSE:NBPE London Ordinary Share GG00B1ZBD492 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.00 -0.74% 1,610.00 1,608.00 1,636.00 1,640.00 1,608.00 1,612.00 12,133 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 55.72M -108.95M -2.3419 -6.99 761.08M

NB Private Equity Partners Limited Nbpe: Second 2017 Semi-Annual Dividend

20/07/2017 7:00am

UK Regulatory


 
TIDMNBPE 
 
 
   NB Private Equity Partners Announces its Second 2017 Semi-Annual 
Dividend 
 
   20 July 2017 
 
   Second 2017 Semi-Annual Dividend 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today declared the second 
2017 semi-annual dividend payment on the Company's class A Ordinary 
Shares ("Shares") of $0.25 per Share, to be paid on 31 August 2017.(1) 
The total dividend for 2017 is therefore $0.50 per Share. On an 
annualised basis, this dividend payment represents a dividend yield of 
3.1% based on the estimated May 2017 NAV of $16.04 and 3.8% based on the 
London Stock Exchange closing price of GBP10.16 ($13.27 at GBP/USD 
exchange rate of $1.306) on 17 July 2017. 
 
   As part of its long-term policy of paying regular dividends, NBPE 
intends to make semi-annual payments to its shareholders. As of 31 May 
2017, the dividend is 57% covered by the run rate cash yield from the 
income investments in the portfolio and approximately 4x covered based 
on total 2017 YTD cash distributions of approximately $104 million. NBPE 
continues to see a steady flow of new equity and income investment 
opportunities as well as strong distribution activity from investment 
realisations.2 
 
   Change to Default Dividend Currency Election 
 
   Following the Company's listing on the Premium Segment of the Main 
Market of the London Stock Exchange and the redenomination of the 
Company's trading currency into Sterling, an election for a Sterling 
dividend payment will no longer be necessary and shareholders who wish 
to continue to receive their dividend in Sterling need to take no 
additional action and will receive Sterling at the prevailing rate. 
However, shareholders who wish to receive dividends in US Dollars will 
need to make the appropriate election on forms which will be available 
on NBPE's website in the coming days. If you're electing for the 
dividend re-investment plan you should note that the shares will now be 
purchased in GBP so any residue balance or partial cash dividend will be 
paid in Sterling, though as per the terms and conditions, dividend 
re-investment plan elections continue to be evergreen and pending 
termination or withdrawal from the plan, residuals will be carried 
forward and added to future dividends. There will be no changes to the 
reporting currency or the currency in which NBPE declares dividends 
(which will remain US Dollars). 
 
   Dividend Timetable 
 
 
 
 
Distribution amount:                                  $0.25 cents per Share 
Ex-dividend date:                                     27 July 2017 
Dividend record date:                                 28 July 2017 
Final day for Currency Election:                      4 August 2017 
Final day for Dividend Re-investment Plan Election3:  11 August 2017 
Payment date:                                         31 August 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 not a profit forecast. There can be no assurance that this 
      distribution level 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 IR_NBPE@nb.com. 
 
 
   For further information, please contact: 
 
   NBPE Investor Relations          +1 214 647 9593 
 
 
 
   Neustria Partners                     +44 (0)20 3021 2583 
 
   Nick Henderson 
Nick.Henderson@neustriapartners.com 
 
   Robert Bailhache 
Robert.Bailhache@neustriapartners.com 
 
   Charles Gorman 
Charles.Gorman@neustriapartners.com 
 
   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 
Premium Segment of the Main Market of the London Stock Exchange. NBPE 
has 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 approximately 1,900 professionals, as of June 30, 2017. The 
company was named the #1 firm in Pensions & Investments 2016 Best Places 
to Work in Money Management survey (among those with 1,000 employees or 
more). Tenured, stable and long-term in focus, the firm fosters an 
investment culture of fundamental research and independent thinking. It 
manages $271 billion in client assets as of June 30, 2017. 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

July 20, 2017 02:00 ET (06:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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