NB Private Equity Partners Limited Nb Private Equity Partners Announces Increased Semi-Annual Dividend
17 July 2019 - 4:00PM
UK Regulatory
TIDMNBPE
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
NB Private Equity Partners Announces Increased Semi-Annual Dividend
17 July 2019
NBPE today declares an increased semi-annual dividend payment on the
Company's Ordinary Shares of $0.29 per Ordinary Share, to be paid on 30
August 2019. On an annualised basis, this dividend payment represents a
dividend yield of 4.2% based on the London Stock Exchange closing price
of GBP11.18 ($13.86 at GBP/USD exchange rate of $1.240) on 15 July 2019.
In line with its long term dividend policy of targeting an annualised
dividend yield of 3.0% or greater on NAV, this payment represents a
yield of 3.1% on the 30 June 2019 estimated NAV of $18.72.
While the Company declares dividends in US Dollars, Shareholders will
receive Sterling at the prevailing rate at the time of currency
conversion, unless an election to receive dividends in US Dollars is
made on forms which are available on NBPE's website prior to the
currency election date listed below. If an investor has previously
elected to receive US Dollars, that election will be used unless
changed. Investors may also participate in a dividend re-investment plan
(forms for which are available on NBPE's website) if they wish to
increase their shareholdings as against receiving dividends.
Distribution amount: $0.29 cents per Share
=================================================== =====================
Ex-dividend date: 25 July 2019
=================================================== =====================
Dividend record date: 26 July 2019
=================================================== =====================
Final day for Currency Election: 2 August 2019
=================================================== =====================
Final day for Dividend Re-investment Plan Election: 9 August 2019
=================================================== =====================
Payment date: 30 August 2019
=================================================== =====================
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3603 2803
Charles Gorman
https://www.globenewswire.com/Tracker?data=jt2tH5_ez5laUXbyvf8ZbbnDmlT6sSxzN0ocyZbvbFkjtXNw4ku1zO3PCGUKVBjmCYEdtDm_F7GePcvxW71IhAbmZYobWpkF3G3_Ae5Eyry_IXMe25DfMaU-VHHZScby
nbpe@kl-communications.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 the Premium Segment of the Main
Market of the London Stock Exchange. NBPE has 2022 and 2024 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.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies--including equity, fixed income, quantitative and multi-asset
class, private equity and hedge funds--on behalf of institutions,
advisors and individual investors globally. With offices in 23 countries,
Neuberger Berman's team is more than 2,100 professionals. For five
consecutive years, the company has been named first or second in
Pensions & Investments 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 has built a diverse team of individuals
united in their commitment to delivering compelling investment results
for our clients over the long term. That commitment includes active
consideration of environmental, social and governance factors. The firm
manages $333 billion in client assets as of June 30, 2019. For more
information, please visit our website at www.nb.com.
(END) Dow Jones Newswires
July 17, 2019 02:00 ET (06:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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