DGAP-News: 2014 Shareholder Meeting of DIC Asset AG

DGAP-News: DIC Asset AG / Key word(s): AGM/EGM 2014 Shareholder Meeting of DIC Asset AG 02.07.2014 / 12:26 --------------------------------------------------------------------- Press Release Frankfurt, 02 July 2014 2014 Shareholder Meeting of DIC Asset AG: - All agenda items approved by clear majority votes - Dividend set at EUR 0.35 per share - Management Board confirms forecast for 2014 (FFO: EUR 47 - 49 million) Today's shareholder meeting of DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) in Frankfurt am Main ended after about 1.5 hours at 11:32am CET. With around 64.39 percent of the share capital represented it passed the motions submitted by the senior management with clear majorities for every item on the agenda just like in previous years (for a breakdown of the voting results, see the table below), among them the distribution of a dividend amounting to EUR 0.35 per share (2013: EUR 0.35). Based on yesterday's share price, the dividend yield equals around 4.4 percent (2013: 4.4 percent). The Management Board confirmed the forecast for 2014: - continued growth in earnings through further portfolio optimisation and the expansion of the fund business (planned fund acquisitions on the order of EUR 150 - 200 million). - The elevated sales volume of approximately EUR 150 million will play a definitive role in the ongoing effort to bring down the loan-to-value ratio. - The rental income is expected to amount to between EUR 145 million and EUR 147 million. - On this basis, DIC Asset AG plans to realise a FFO of EUR 47-49 million in 2014. Summary of the voting results: <pre> Agenda Item Approved in percent 1. Presentation of 2013 annual accounts no vote 2. Use of profit available for distribution 99.99 3. Discharge of the Board of Directors 99.85 4. Discharge of the members of the Supervisory Board 99.30 5. Election of auditors for 2014 96.27 </pre> For details on DIC Asset AG as well as the quarterly report for Q1 2014, please visit us on the Internet at www.dic-asset.de. About DIC Asset AG: Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The company has a total of around 250 real property assets worth approximately EUR 3.4 billion under management. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The portfolio is divided into two segments: the Commercial Portfolio (EUR 2.2 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The "Co-Investment" segment (EUR 0.3 billion pro rata) pools fund investments, joint venture investments, and investments in project developments. Own real estate management teams provide a direct service to tenants through six branch offices located at the regional hubs within the portfolio. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. Press contact: Thomas Pfaff Kommunikation Höchlstrasse 2 D-81675 Munich Tel. +49-89-992496-50 Fax +49-89-992496-52 Mobile +49-172-8312923 kontakt@pfaff-kommunikation.de Investor Relations & Corporate Communications: Immo von Homeyer Neue Mainzer Strasse 20 - MainTor D-60311 Frankfurt am Main Tel. +49-69-274033-1240 Fax +49-69-274033-9399 i.vonhomeyer@dic-asset.de End of Corporate News --------------------------------------------------------------------- 02.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: DIC Asset AG Neue Mainzer Straße 20 * MainTor 60311 Frankfurt Germany Phone: +49 69 9454858-1240 Fax: +49 69 9454858-9399 E-mail: ir@dic-asset.de Internet: www.dic-asset.de ISIN: DE000A1X3XX4, DE000A1KQ1N3, DE000A1TNJ22 WKN: A1X3XX, A1KQ1N, A1TNJ2 Indices: S-DAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 276304 02.07.2014