Standard Life Private Eqty Trst PLC Edison issues review on Standard Life Private
March 14 2019 - 7:31AM
RNS Non-Regulatory
TIDMSLPE
Standard Life Private Eqty Trst PLC
14 March 2019
London, UK, 13 March 2019
Edison issues review on Standard Life Private Equity Trust
(SLPE)
Standard Life Private Equity Trust (SLPET) has broadened its
opportunity set through the recent revision to its investment
objective and policy, allowing it to make direct co-investments
alongside private equity managers. While offering potential for
improved returns, co-investments will only be introduced to the
portfolio gradually and SLPET remains focused on maintaining a
concentrated exposure to 'best in class' primary private equity
fund opportunities, investing mainly in funds with a European
focus. SLPET's NAV total return has outperformed the LPX Europe
index NAV return over one, three, five and 10 years. The trust pays
dividends quarterly and its 3.7% prospective yield is the second
highest among the five dividend-paying funds in its private equity
fund of funds peer group.
Having widened from 7.5% in November 2017 to 24.8% at 28
December 2018, SLPET's share price discount to NAV has narrowed in
2019. The current 14.9% discount is lower than its 17.0%, 17.4% and
18.3% averages over one, three and five years, respectively, and is
one of the narrowest in its peer group. The board intends to
increase the FY19 total annual dividend by over 3.0% by making four
quarterly payments of 3.2p, representing a prospective yield of
3.7%.
Click here to view the full report.
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For more information please contact Edison:
Gavin Wood, +44 (0)20 3681 2503
Sarah Godfrey, +44 (0)20 3681 2519
Investmenttrusts@edisongroup.com
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