GANÉ Aktiengesellschaft
GANÉ Aktiengesellschaft: Tranche C of the ACATIS GANÉ Value Event Fund: Target distribution of 4 per cent per year achieved
DGAP-News: GANÉ Aktiengesellschaft / Key word(s): Funds/Payout Press release Tranche C of the ACATIS GANÉ Value Event Fund: Target distribution of 4 per cent per year achieved – Quarterly distribution for tranche C, launched on 10 July 2013, increased by 14 per cent to 12.50 euros per share certificate – Target distribution of 4 per cent per year achieved just 5 years after the launch of tranche C – A high volume of reserves will ensure continued stable distributions over the coming years – ACATIS GANÉ Value Event Fund has been generating a return of 10 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 158 per cent since its launch date, which is equivalent to an average return of some 10 per cent each year. The fund volume amounts to 2,445 million euros. During the entire period, the fund has shown an average volatility of just 8 per cent (dated 16 October 2018). Dr. Uwe Rathausky, managing director of GANÉ Aktiengesellschaft, commented: “In the last quarter, we were once again able to increase the distribution – for the fourteenth time – by another 14 per cent to 12.50 euros for each share certificate. Accordingly, the interest return for our investors is 4 per cent for the current year. We succeeded in achieving our goal of continuously raising the current interest rate to 4 per cent per year while simultaneously building up high distribution reserves just five years after the launch of tranche C on 10 July 2013. In the future too, the distribution during the year will not be reduced in comparison with the previous quarterly payment. It is expected to remain constant or even be further increased as part of a favourable fund price trend.” 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 122 euros for each share certificate. Unrealised profits from transactions with securities currently amounting to an additional 55 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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18.10.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |