REG-NB Private Equity Partners Limited : NB Private Equity Partners Announces the First 2016 Semi-Annual Dividend <Origin Href="QuoteRef">NBPE.L</Origin>

NB Private Equity PartnersAnnouncement

25/01/2016 07:10

25 January 2016 
 
 NB Private Equity Partners Limited ("NBPE" or the "Company"), a closed-end
private equity investment company, today declared the first 2016 semi-annual
dividend payment on the Company's class A Ordinary Shares ("Shares") of $0.25
per Share, to be paid on 29 February 2016. 1 
 
 On an annualized basis, this dividend payment represents a dividend yield of
3.5% based on the estimated December 2015 NAV and 5.1% based on the Euronext
closing price of $9.86 on 21 January 2016. 
 
 As part of its long-term policy of paying regular dividends, NBPE intends to
pay semi-annual dividends to its shareholders from the cash yield it receives
from its income investments. The dividend is fully covered by the run rate
cash yield from the income investments in the portfolio. 2 NBPE continues to
see a steady flow of new investment opportunities and believes this cash
interest coverage of the dividend can be maintained over time. 
 
 NBPE's total return on NAV per Share amounted to 5.0% and NAV per Share
increased 0.9% for the year ended 31 December 2015, based on the estimated
monthly NAV. NBPE continues to execute its strategy of making new equity
co-investments and income investments in attractive private equity backed
companies. Based on the estimated December 2015 NAV, direct investments total
$635 million and represent 91% of NAV, which includes a total of $287 million,
or 41% of NAV, invested in income investments. 
 
 Dividend Timetable 
 
  Distribution amount per Share:      $0.25 cents per Share   
  Ex-dividend date:                   4 February 2016         
  Dividend record date:               5 February 2016         
  Final day for Currency Election:    5 February 2016         
  Final day for DRIP Election 3 :     5 February 2016         
  Payment date:                       29 February 2016        
1This dividend as well as future dividends shall be conditional on the passing
of the solvency test under Guernsey law. The Board of Directors will continue
to evaluate the Company's financial position, annual dividend amounts and the
timing of future dividends. Future dividend payments will be announced by NBPE
after the Board of Directors have completed such evaluation.2The above
distribution guidance regarding investment portfolio performance is a target
only and not a profit forecast. There can be no assurance that this target
will be sustained or that the Company will make any distributions whatsoever.
The times and dates in this announcement are expected times and dates only and
are subject to change. Any such changes will be notified to shareholders
through a regulatory information service.3Anyone acting for the account or
benefit of a U.S. person who elects to receive additional shares through the
dividend re-investment plan would need to sign a Qualified Purchaser
certification, which is available from the Company's Investor Relations upon
request by contacting +1 214 647 9593 or IR_NBPE@nb.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          +1 214 647 9593 
 
             
 
 Neustria Partners                     +44 (0)20 3021 2583

 Nick Henderson                        
Nick.Henderson@neustriapartners.com 
 Robert Bailhache                      
Robert.Bailhache@neustriapartners.com 
 Charles Gorman                       
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 $237 billion in client assets as of 30
September 2015. 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 and the States of Guernsey Policy Council. NBPE is registered with
the Dutch Authority for the Financial Markets as a collective investment
scheme which may offer participations in The Netherlands pursuant to article
2:66 of the Financial Markets Supervision Act (Wet op het financial toezicht).
All investments are subject to risk. Past performance is no guarantee of
future returns. 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. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: NB Private Equity Partners Limited via Globenewswire 
 HUG#1980897