Last checked at 
22 Nov 2013 08:44
News Release
Guernsey, 22 November 2013
Princess reports October NAV - Positive net cash flow
è Princess' net asset value (NAV) fell slightly by 0.1% to EUR 8.31 per share
è Stable development of the portfolio (+0.1%) has been offset by a negative FX impact (-0.1%)
è Positive net cash flow of EUR 3.1 million in October
During the month, distributions from Princess' mature portfolio amounted to EUR 4.1 million and have been received from several different investments. Amongst others, the distributions came from the Company's commitments to OCM Mezzanine Fund II and ICG European Fund 2006. New investments in October totalled EUR 1.0 million.
After the review period, Princess' Board of Directors announced that on 18 December 2013 a second interim dividend of EUR 0.27 will be paid on each Ordinary Share. The relevant date for the entitlement to the dividend (record date) will be 22 November 2013 and the corresponding ex-dividend date was 20 November 2013.
The total dividend due to shareholders is therefore EUR 0.53 per share for the year, including the first interim dividend of EUR 0.26 per share distributed in June. This translates into a dividend yield of 6.4% on NAV per share (as of 31 October 2013) and a yield of 7.9% on Princess' share price, based on the 31 October 2013 closing price on the London Stock Exchange. Princess has a dividend policy to distribute 5-8% p.a. of opening NAV via two interim dividends following the publication of the quarterly reports as of 31 March and 30 September.
Further information is available in the monthly report which can be accessed via:
http://www.princess-privateequity.net/financialreports.
Ends.
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is advised in its investment activities by Partners Group AG, a global private markets investment management firm with over EUR 30 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Partners Group AG
Alexander von Wolffradt
Phone: +41 41 784 66 45
E-mail: alexander.wolffradt@partnersgroup.com
www.partnersgroup.com
This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holdings. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.