Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus") announced that its Board of Directors has declared a cash distribution for the first quarter of 2008 of $0.125 per common unit, representing an annualized yield of approximately 2.2% based upon the closing price on January 25, 2008. The distribution will be payable on or about March 17, 2008, to unitholders of record as of February 29, 2008. This represents the second distribution paid since Conversus' inception, with the first distribution of $0.125 per unit paid in the fourth quarter of 2007.
"During the fourth quarter of 2007, our private equity portfolio continued to generate substantial cash flow and we are pleased to make another distribution to our unitholders, said Tim Smith, Chief Financial Officer, Conversus GP, Limited. "Our distribution policy is focused on building unitholder value and paying distributions on a quarterly basis amounting to an expected annual dividend yield of 2% - 3% of our net asset value.
U.S. unitholders will be notified by the Bank of New York of a direct deposit option available to them for Conversus distributions. Additional information regarding the distribution and our distribution policy can be found at the Investor Relations section of the Company's website at www.conversus.com.
About Conversus Capital
Conversus Capital, L.P. (Euronext: CCAP) ("Conversus) is a permanent capital vehicle designed to offer its unitholders long-term capital appreciation through a portfolio of high quality, seasoned private equity interests. Conversus provides immediate access to a diversified portfolio of private equity funds. Conversus will reinvest distributions from its current investments in primary fund commitments, secondary fund purchases and direct co-investments. Conversus Asset Management, LLC (CAM), an independent asset manager, implements Conversus' investment policies and carries out the day to day operations of Conversus pursuant to a services agreement. CAM leverages the platforms of Bank of America and Oak Hill Investment Management, its primary owners, in sourcing investments for the benefit of Conversus.
Legal Disclaimer
These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Conversus is not a registered investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act), and the resale of Conversus securities in the United States or to U.S. persons that are not qualified purchasers as defined in the Investment Company Act is prohibited. Conversus does not intend to register any offering in the United States or to conduct a public offering of its securities in the United States.
