Dividend Declaration
24 November 2011 - 6:00PM
UK Regulatory
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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