F&C Private Equity Trust PLC Restatement of objective & dividend announcement (4979K)
22 August 2012 - 8:00AM
UK Regulatory
TIDMFPEO TIDMFPER
RNS Number : 4979K
F&C Private Equity Trust PLC
22 August 2012
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
Gordon Hay Smith (Company Secretary) 0131 718 1018
gordon.haysmith@fandc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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