Princess Private Equity 2019 Assets Grow On Portfolio Uplift

(Alliance News) - Princess Private Equity Holding Ltd on Tuesday reported a strong rise in assets ...

Alliance News 18 February, 2020 | 11:56AM
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(Alliance News) - Princess Private Equity Holding Ltd on Tuesday reported a strong rise in assets in 2019 as the investment's company portfolio valuation grew.

At December 31, the investment company's NAV per share stood at EUR12.56, up 3.3% from EUR12.16 three months earlier, and 15% higher from the EUR10.90 seen at the same point the year before.

Princess's net assets rose 15% over 2019 to EUR868.7 million from EUR753.7 million at the end of 2018.

The investment firm declared a total dividend of EUR0.58 for 2019, up from EUR0.56 in 2018.

As a result, the company's NAV total return for 2019 was 21%, which is behind the 30% gain made by the MSCI World index.

In 2019, Princess Private Equity made EUR104.1 million of realisations from its portfolio and EUR69.3 million of new investments. As a result, the investment company's portfolio valuation increased by 25% in the period.

Shares in Princess Private Equity were down 0.5% in London on Tuesday at 984.43 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Princess Private Equity Ord 8.95 EUR -0.78

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