GANÉ Aktiengesellschaft
GANÉ Aktiengesellschaft: Distributing tranche C of the ACATIS GANÉ Value Event Fund UI: Quarterly distribution increased to 7.00 euros per share certificate
DGAP-News: GANÉ Aktiengesellschaft / Key word(s): Funds/Payout Press release Distributing tranche C of the ACATIS GANÉ Value Event Fund UI: Quarterly distribution increased to 7.00 euros per share certificate – Quarterly distribution for tranche C, launched on 10 July 2013, increased by 40 per cent to 7.00 euros per share certificate – With a current interest return of 2.4 per cent, more than half of the planned target distribution of 4 per cent per year has already been reached – A high volume of reserves will ensure continued stable and continuously increasing distributions over the coming years – ACATIS GANÉ Value Event Fund UI has been generating a return of 11 per cent each year since its launch date; its volatility totals 8 per cent
The distributing tranche C is aligned towards foundations and pension funds as well as to all investors who value stable distributions over the course of the year. The tranche C return is distributed in each quarter. The fund managers aim to achieve a constant distribution of approx. 4 per cent per year. The value and event strategy was established by GANÉ Aktiengesellschaft. On the basis of a variable investment ratio in shares, bonds and liquid assets, it is hoped to achieve returns which are similar to those from shares and to ensure the volatility remains at a low level. In this way, the global mixed fund has increased by 141 per cent since its launch date, which is equivalent to an average return of some 11 per cent each year. The fund volume amounts to 1,504 million euros. During the entire period, the fund has shown an average volatility of just 8 per cent (dated 31 July 2017). Dr. Uwe Rathausky, managing director of GANÉ Aktiengesellschaft, commented: “In the last quarter, we were once again able to increase the distribution – for the tenth time – by another 40 per cent to 7.00 euros for each share certificate. Accordingly, the interest return for our investors is 2.4 per cent for the current year. We aim to achieve a continuous, long term increase in the interest return to 4 per cent. Over the course of this development, we intend to consistently increase or maintain the level of distributions during the year compared to the payment in the previous quarter; we do not intend for them to fall. The high volume of distribution reserves which we have been able to accrue since the tranche C launch date represent a solid base for achieving this.” J. Henrik Muhle, managing director of GANÉ Aktiengesellschaft, adds: “Our distribution reserve is derived from interest, dividends and gains on disposals. Today, we now dispose of a distribution potential of 116 euros for each share certificate. Unrealised profits from transactions with securities currently amounting to an additional 84 euros for each share certificate have further added to this. In this way, we have laid the foundations for a lasting success story of tranche C. While the currently low interest rates will force many bond funds to reduce their distributions or to make distributions from their substance, our growing distribution reserve is derived from various sources of income such as dividends, interest and gains on the disposal of shares and bonds.”
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02.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |