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| Date | 15 Jul 2021 |
| Time | 07:00:00 |
| Category | Dividend Declaration |
| ID | nsm:1000516279-en.html |
Disseminated via GNW on 15 July 2021
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
Strong NAV Growth Drives 32% Growth in Dividend
15 July 2021
Highlights:
William Maltby, Chairman, commented: “This payment represents the eighth increase in the Company’s dividend since 2013, resulting in a dividend compound annual growth rate of 8.8%. The Company’s portfolio has performed exceptionally well – increasing in value by over 22% during the first six months of the year alone. The Manager has built a portfolio of private companies, alongside some of the world’s leading private equity managers. Value-creation by lead private equity managers has been significant and is continuing in this maturing portfolio and the Company’s growth in NAV directly reflects this. Additionally, the Company’s 2021 realisation activity clearly demonstrates the ability of this portfolio to generate highly successful realisations. The Directors and I are pleased to increase the dividend in line with Company’s commitment of distributing 3.0% of NAV annually to shareholders.”
While the Company declares dividends in US Dollars, Shareholders will receive Sterling dividends 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 instead of receiving cash dividends.
| Distribution amount: | $0.41 per Share |
| Ex-dividend date: | 22 July 2021 |
| Dividend record date: | 23 July 2021 |
| Final day for Currency Election: | 6 August 2021 |
| Final day for Dividend Re-investment Plan Election: | 13 August 2021 |
| Payment date: | 31 August 2021 |
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3995 6673
Charles Gorman [email protected]
About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.
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, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,300 professionals. For seven 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). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $429 billion in client assets as of March 31, 2021. For more information, please visit our website at www.nb.com.
This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.
NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE's investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains "forward-looking statements." Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.
1 NAV total return of 22.2% year to date is a revised figure from the previously stated 23.6% year to date NAV total return announced on 13 July 2021.