22 Aug 2012 07:00
To: RNS
Date: 22 August 2012
From: F&C Private Equity Trust plc
Restatement of objective and announcement of first dividend payment
Following the recent approval by shareholders of a new dividend policy, the Company announces a restatement of its investment objective, in respect of the Ordinary Shares, as follows:
"To achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company's revenue and realised capital profits."
In accordance with the new dividend policy, the Board declares an interim dividend of 4.96p per Ordinary Share, payable on 2 November 2012 to shareholders on the register on 5 October 2012. For illustrative purposes only, this represents an annualised dividend yield of 6.4 per cent based on the Ordinary Share price as at 30 June 2012.
For more information, please contact:
Hamish Mair (Investment Manager) | 0131 718 1184 hamish.mair@fandc.com
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Gordon Hay Smith (Company Secretary) | 0131 718 1018 gordon.haysmith@fandc.com
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