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    DGAP-News  440  0 Kommentare DIC Asset AG AGM approves dividend increase

    DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
    DIC Asset AG AGM approves dividend increase

    05.07.2016 / 16:40
    The issuer is solely responsible for the content of this announcement.

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    Press Release
    Frankfurt, 5 July 2016

    DIC Asset AG AGM approves dividend increase

    - All agenda items approved by clear majority votes

    - Dividend increase for 2015, to EUR 0.37 per share (2014: EUR 0.35)

    - Ulrich Höller confirmed as member of the Supervisory Board

    - EUR 87 million in disposals as at end of H1

    - Expanding the funds business with two new funds

    - Management Board confirms guidance for 2016 (FFO: EUR 43 - 45 million)

    Today's shareholder meeting of DIC Asset AG (German Securities ID A1X3XX /
    ISIN DE000A1X3XX4), held in Frankfurt/Main, Germany, has approved a
    dividend of EUR 0.37 per share for the 2015 financial year (2014: EUR
    0.35). The dividend rise is appropriate, following a successful conclusion
    to 2015 and a good start into the current financial year. Based on the
    share price as at end of June 2016, the dividend yield exceeds 4 percent.
    With appr. 67 percent of share capital present, the shareholders approved
    all proposals on the agenda with clear majorities (please see the table
    below for a detailed analysis of voting results). Ulrich Höller, CEO of GEG
    German Real Estate Group, was confirmed as a member of the Supervisory
    Board. The shareholder meeting ended after around 5 hours at 3:07 pm CEST.

    Aydin Karaduman, CEO of DIC Asset AG, said: "We successfully concluded our
    programme for 2015. Above all, we reduced our debt ratio to below 60
    percent. Following the consolidation, we are now focusing on generating
    growth. We will pursue an active asset management approach to increase the
    quality of our real estate portfolio, and we will expand assets under
    management in our funds and third party businesses. Our vertically
    integrated management platform allows us to focus on stable rental cash
    flows from our Commercial Portfolio and rising management fees in our funds
    and third party businesses. At the same time, the more volatile development
    projects and existing joint-venture structures will be divested."

    DIC Asset AG has sold EUR 87 million in property to date this year, thereof
    EUR 33 million from the Commercial Portfolio and EUR 54 million from Co-
    Investments. The disposals achieved an average mark-up of more than 10 per
    cent over the most recent market value determined. Lease contracts signed
    during the first six months of 2016 represented total annualised rental
    income of around EUR 15 million. Of this figure, EUR 5 million were
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    DGAP-News DIC Asset AG AGM approves dividend increase DGAP-News: DIC Asset AG / Key word(s): AGM/EGM DIC Asset AG AGM approves dividend increase 05.07.2016 / 16:40 The issuer is solely responsible for the content of this announcement. …

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