25 February 2016
NB Private Equity Partners Limited ("NBPE" or "the Company"), is pleased to report additional information and the results of the dividend re-investment plan ("DRIP") and the Sterling dividend currency election ("Currency Election"). NBPE is paying its first semi-annual 2016 dividend of $0.25 per Share on 29 February 2016, which represents an annualized dividend yield of 4.9% on share price and 3.6% on NAV, based on the 31 January 2016 NAV estimate.
The outcome of these two programs was as follows: the DRIP was elected by shareholders who hold approximately 2.0 million shares. The Currency Election was elected by shareholders who hold approximately 11% of the total shares outstanding. For shareholders choosing the currency election, the Sterling dividend payable in cash was converted from U.S. Dollars on 23 February 2016 at an exchange rate of £1 = US$1.41375. As a result, the Sterling per share dividend payable on 29 February 2016 will be 17.6835 pence per share.
For more information on NBPE's dividend, please see the Company's website at www.nbprivateequitypartners.com.
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
| For further information, please contact: | |
| NBPE Investor Relations Neustria Partners Nick Henderson Robert Bailhache Charles Gorman | +1 214 647 9593 +44 (0)20 3021 2583 Nick.Henderson@neustriapartners.com Robert.Bailhache@neustriapartners.com Charles.Gorman@neustriapartners.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 Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange. NBPE has ZDP shares admitted to trading on the Specialist Fund Market of the London Stock Exchange and the Daily Official List of The Channel Islands Securities Exchange Authority Limited. NBPE holds a diversified portfolio of direct income investments, equity 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.
ABOUT NEUBERGER BERMAN
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman's team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $240 billion in client assets as of 31 December 2015. For more information, please visit our website at www.nb.com.
