DGAP-News: 2014 Shareholder Meeting of DIC Asset AG

| Source: EQS Group AG
DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
2014 Shareholder Meeting of DIC Asset AG

02.07.2014 / 12:26


Press Release 

Frankfurt, 02 July 2014 

2014 Shareholder Meeting of DIC Asset AG: 

  - All agenda items approved by clear majority votes 

  - Dividend set at EUR 0.35 per share

  - Management Board confirms forecast for 2014 (FFO: EUR 47 - 49 million)

Today's shareholder meeting of DIC Asset AG (WKN A1X3XX / ISIN
DE000A1X3XX4) in Frankfurt am Main ended after about 1.5 hours at 11:32am
CET. With around 64.39 percent of the share capital represented it passed
the motions submitted by the senior management with clear majorities for
every item on the agenda just like in previous years (for a breakdown of
the voting results, see the table below), among them the distribution of a
dividend amounting to EUR 0.35 per share (2013: EUR 0.35). Based on
yesterday's share price, the dividend yield equals around 4.4 percent
(2013: 4.4 percent).

The Management Board confirmed the forecast for 2014:

  - continued growth in earnings through further portfolio optimisation and
    the expansion of the fund business (planned fund acquisitions on the
    order of EUR 150 - 200 million).

  - The elevated sales volume of approximately EUR 150 million will play a
    definitive role in the ongoing effort to bring down the loan-to-value

  - The rental income is expected to amount to between EUR 145 million and
    EUR 147 million.

  - On this basis, DIC Asset AG plans to realise a FFO of EUR 47-49 million
    in 2014.

Summary of the voting results:
Agenda Item                                                      Approved
                                                                 in percent

1. Presentation of 2013 annual accounts                          no vote

2. Use of profit available for distribution                      99.99

3. Discharge of the Board of Directors                           99.85

4. Discharge of the members of the Supervisory Board             99.30

5. Election of auditors for 2014                                 96.27


For details on DIC Asset AG as well as the quarterly report for Q1 2014,
please visit us on the Internet at www.dic-asset.de.

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt am
Main, is a real estate company with a dedicated investment focus on
commercial real estate in Germany, pursuing a return-oriented investment
policy. The company has a total of around 250 real property assets worth
approximately EUR 3.4 billion under management. The investment strategy of
DIC Asset AG aims at the continuous development of a quality-driven,
high-yield, and regionally diversified portfolio. The portfolio is divided
into two segments: the Commercial Portfolio (EUR 2.2 billion) comprises
existing properties with long-term rental contracts generating attractive
rental yields. The "Co-Investment" segment (EUR 0.3 billion pro rata) pools
fund investments, joint venture investments, and investments in project
developments. Own real estate management teams provide a direct service to
tenants through six branch offices located at the regional hubs within the
portfolio. This kind of market presence and expertise creates the basis for
preserving and enhancing our earnings and real estate values. DIC Asset AG
has been included in the SDAX(R) segment of the Frankfurt Stock Exchange
since June 2006. The Company's shares are also included in the EPRA index,
which tracks the performance of the most important European real estate

Press contact:

Thomas Pfaff Kommunikation 
Höchlstrasse 2
D-81675 Munich
Tel. +49-89-992496-50
Fax +49-89-992496-52
Mobile +49-172-8312923

Investor Relations & Corporate Communications:

Immo von Homeyer
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Tel. +49-69-274033-1240
Fax +49-69-274033-9399

End of Corporate News


02.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language:    English                                                
Company:     DIC Asset AG                                           
             Neue Mainzer Straße 20 * MainTor                       
             60311 Frankfurt                                        
Phone:       +49 69 9454858-1240                                    
Fax:         +49 69 9454858-9399                                    
E-mail:      ir@dic-asset.de                                        
Internet:    www.dic-asset.de                                       
ISIN:        DE000A1X3XX4, DE000A1KQ1N3, DE000A1TNJ22               
WKN:         A1X3XX, A1KQ1N, A1TNJ2                                 
Indices:     S-DAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
276304 02.07.2014