Standard Life Private Eqty Trst PLC Edison update on Standard Life Private Eqty Trst
02 May 2017 - 10:09PM
RNS Non-Regulatory
TIDMSLPE
Standard Life Private Eqty Trst PLC
02 May 2017
London, UK, 2 May 2017
Edison issues update on Standard Life Private Equity Trust
(SLPE)
Standard Life Private Equity Trust (SLPE) aims to achieve
long-term total returns via investing in a focused, primarily
European portfolio of leading private equity buyout funds. The
investment policy was revised in January 2017, removing size and
geographic restrictions, to enlarge the investment opportunity set
without diluting the trust's strategy and focus. New fee
arrangements have been agreed, with a single annual management fee
of 0.95% of NAV and no incentive fee. The board has also stated its
intention to raise the FY17 dividend to 12.0p, equating to a 3.8%
yield, and grow it at least in line with inflation. Returns have
been notably strong over one year.
Having followed a broadly widening trend over the previous two
years, SLPE's share price discount to NAV has narrowed from 36.5%
in March 2016 to its current level of 11.1%, which stands as one of
the narrowest in the peer group. The board intends to increase the
FY17 dividend to 12.0p, equating to a prospective yield of 3.8%,
leading the dividend-paying funds in SLPE's peer group.
Click here to view the full report.
All reports published by Edison are available to download free
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