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EQS-News: Edison Investment Research Limited / Key word(s): Investment Edison issues review on Deutsche Beteiligungs 31-Jan-2017 / 16:15 GMT/BST London, UK, 31 January 2017 *Edison issues review on Deutsche Beteiligungs (DBAN)* FY16 proved to be a significant year for Deutsche Beteiligungs (DBAG). In addition to generating strong NAV returns and maintaining an elevated level of portfolio activity similar to FY15, the scale of the business was increased materially by the launch of DBAG Fund VII, with commitments of EUR1bn, and DBAG's EUR38.6m capital increase. These developments have broadened the opportunity set for potential investments and position DBAG favourably to grow portfolio value over the medium term, while a new sustainable dividend policy aims to provide shareholders with greater visibility over future distributions. DBAG shares are trading at a 36.2% premium to 30 September 2016 NAV. In our view, the c EUR130m premium represents the market-implied value of DBAG's fund services business, which is not reflected in the NAV. A EUR1.20 dividend has been proposed for FY16, representing a 3.6% yield and setting a base level for payments in future years under the new dividend policy. Click here [1] to view the full report. All reports published by Edison are available to download free of charge from its website www.edisoninvestmentresearch.com [2] *About Edison:* Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting. Edison is authorised and regulated by the Financial Conduct Authority [3]. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. *Contact details:*Learn more at www.edisongroup.com [4] and connect with Edison on: +--------+---------------------------------------------------+ |LinkedIn|www.linkedin.com/company/edison-investment-research| +--------+---------------------------------------------------+ |Twitter |www.twitter.com/Edison_Inv_Res [5] | +--------+---------------------------------------------------+ |YouTube |www.youtube.com/edisonitv [6] | +--------+---------------------------------------------------+ +--------------+----------+--------------+---------------------+ |*London* |*New York*|*Sydney* |*Frankfurt* | |+44 (0)20 3077|+1 646 653| |+49 (0)69 78 8076 960| |5700 |7026 |+61 (0)2 9258 | | | | |1161 |Schumannstrasse | |280 High |245 Park | |34b | |Holborn |Avenue, |Level 25, | | | |39th Floor|Aurora Place, |60325 Frankfurt | |London, | | | | |WC1V 7EE |New York, |88 Phillip |Germany | | |NY 10167 |Street, Sydney| | |United Kingdom|US | | | | | |NSW 2000, | | | | |Australia | | +--------------+----------+--------------+---------------------+ Dissemination of a UK FINANCIAL NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 540395 31-Jan-2017 1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e9cce41873cf6260b13f6f9bf497b5da&application_id=540395&site_id=vwd&application_name=news 2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e7266211cbf0b72f2b3d94ab8bdaae97&application_id=540395&site_id=vwd&application_name=news 3: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=105fe9be9b5e36892886e5a39d51d4b7&application_id=540395&site_id=vwd&application_name=news 4: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=88c95533002fab2316572f9ef6cf3cc6&application_id=540395&site_id=vwd&application_name=news 5: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ec2d264fe4f303e2143a2e85c6eaa823&application_id=540395&site_id=vwd&application_name=news 6: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6b959e4d7ee3c402b931a274d2bbe945&application_id=540395&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 31, 2017 11:15 ET (16:15 GMT)
