Edison Investment Research - Princess Private Equity Holdings (PEYA) Princess Private Equity Holding - Planning to resume dividend payments in June

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Edison Investment Research

Pedro Fonseca

Princess Private Equity Holding - Planning to resume dividend payments in June

During its Q422 results release, Princess Private Equity (PEY) announced the discontinuation of its foreign exchange (FX) hedging strategy from 1 April 2023 and an upsizing of its credit facility from €110m to €140m in response to the holding-level liquidity constraints it faced in late 2022. We believe investors should welcome these measures, as they facilitate PEY’s balance sheet management while allowing it to stay close to fully invested (investment level at 101.3% at end-January 2023) and to resume its dividend payments in line with the policy of paying out 5% of opening net asset value (NAV).

03/03/2023 1 EN

Underlying

Princess Private Equity Holdings

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GG00B28C2R28 Frankfurt Stock Exchange Guernsey

Provider

Edison Investment Research

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, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Princess Private Equity Holding - Planning to resume dividend payments in June

Edison issues review on Princess Private Equity Holding (PEY): Introducing a well-defined buyback policy

Princess Private Equity Holding - Introducing a well-defined buyback policy

Edison issues update on Princess Private Equity Holding (PEY): Offering an attractive dividend yield

Tinexta - Typical seasonality in Q124

Dentsu Group - FY24 prospects weighted to H2

Record - AUME momentum and a sharper focus

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