Standard Life Private Eqty Trst PLC Edison review: Standard Life Private Equity Trust

TIDMSLPE

Standard Life Private Eqty Trst PLC

07 February 2018

London, UK, 7 February 2018

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

Standard Life Private Equity Trust (SLPET) takes a long-term, conviction approach to fund selection, evidenced by its new primary commitments in FY17 being made to private equity managers where there was a strong existing relationship. NAV total returns have been ahead of peers over three and five years, and share price returns have noticeably outpaced NAV returns over one year. The share price discount to NAV has narrowed markedly from c 36% in early 2016 to c 14% currently, arguably due in part to the strength of SLPET's underlying performance, as well as its revised dividend policy, with improved and more frequent payouts scheduled. The manager sees portfolio companies' earnings growth continuing to drive value creation, with the maturity profile of SLPET's portfolio suggesting further near-term upside potential from prospective realisations.

SLPET's share price discount to NAV has narrowed markedly from its five-year high of 36.3% in March 2016 to its current level of 14.2%, which is towards the lower end of the peer group range. The total dividend was more than doubled to 12.0p for FY17 and the board intends to pay four quarterly dividends of 3.1p for FY18.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

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.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Gavin Wood, [phone]

Sarah Godfrey, [phone]

[e-mail]

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        https://www.linkedin.com/company/edison-investment-research 
   Twitter           www.twitter.com/Edison_Inv_Res 
   YouTube       www.youtube.com/edisonitv 

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAFMGGZMNVGRZM

(END) Dow Jones Newswires

February 07, 2018 06:38 ET (11:38 GMT)