Share Name Share Symbol Market Type Share ISIN Share Description
Standard Life European Private Equity Trust LSE:SEP London Ordinary Share GB0030474687 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 298.00p 0.00p 0.00p - - - 0 05:30:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 9.3 4.6 64.9 468.87

Standard Life Private Eqty Trst PLC Edison reviews Standard Life Private Equity Trust

13/07/2018 3:22pm

RNS Non-Regulatory


TIDMSLPE

Standard Life Private Eqty Trst PLC

13 July 2018

London, UK, 13 July 2018

Edison issues review on Standard Life Private Equity Trust (SLPE)

Standard Life Private Equity Trust (SLPET) continues to follow a long-term, conviction approach to selecting primarily European private equity buyout funds, managing its exposure through the primary and secondary fund markets. Having broadened its investment policy in 2017, SLPET added exposure to a domestic US manager by acquiring a secondary position in Onex Partners IV in H118, and recently made a new primary commitment to MSouth Equity Partners IV, with the manager undertaking due diligence on a number of other US funds. SLPET has achieved above-average NAV returns among its fund of fund peers over one, three and five years, and has also outperformed UK and European stock market indices over these periods. SLPET has a competitive ongoing charge versus peers and its 3.8% yield ranks at the top of the peer group.

SLPET's share price discount to NAV has fluctuated over the last year, widening from 7.5% in November 2017 to 15.7% currently, as the share price has declined while the NAV has remained broadly stable. The board intends to pay four quarterly dividends of 3.1p for FY18, equating to a prospective 3.8% yield.

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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Sarah Godfrey, +44 (0)20 3681 2519

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