Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus")
announced that its Board of Directors has declared a cash distribution
for the first quarter of 2008 of $0.125 per common unit, representing
an annualized yield of approximately 2.2% based upon the closing price
on January 25, 2008. The distribution will be payable on or about
March 17, 2008, to unitholders of record as of February 29, 2008. This
represents the second distribution paid since Conversus´ inception,
with the first distribution of $0.125 per unit paid in the fourth
quarter of 2007.
"During the fourth quarter of 2007, our private equity portfolio
continued to generate substantial cash flow and we are pleased to make
another distribution to our unitholders," said Tim Smith, Chief
Financial Officer, Conversus GP, Limited. "Our distribution policy is
focused on building unitholder value and paying distributions on a
quarterly basis amounting to an expected annual dividend yield of 2% -
3% of our net asset value."
U.S. unitholders will be notified by the Bank of New York of a
direct deposit option available to them for Conversus distributions.
Additional information regarding the distribution and our distribution
policy can be found at the Investor Relations section of the Company´s
website at www.conversus.com.
About Conversus Capital
Conversus Capital, L.P. (Euronext: CCAP) ("Conversus") is a
permanent capital vehicle designed to offer its unitholders long-term
capital appreciation through a portfolio of high quality, seasoned
private equity interests. Conversus provides immediate access to a
diversified portfolio of private equity funds. Conversus will reinvest
distributions from its current investments in primary fund
commitments, secondary fund purchases and direct co-investments.
Conversus Asset Management, LLC (CAM), an independent asset manager,
implements Conversus´ investment policies and carries out the day to
day operations of Conversus pursuant to a services agreement. CAM
leverages the platforms of Bank of America and Oak Hill Investment
Management, its primary owners, in sourcing investments for the
benefit of Conversus.
Legal Disclaimer
These materials are not an offer for sale of securities in the
United States. Securities may not be sold in the United States absent
registration with the U.S. Securities and Exchange Commission or an
exemption from registration under the U.S. Securities Act of 1933, as
amended. Conversus is not a registered investment company under the
U.S. Investment Company Act of 1940, as amended (the "Investment
Company Act"), and the resale of Conversus securities in the United
States or to U.S. persons that are not qualified purchasers as defined
in the Investment Company Act is prohibited. Conversus does not intend
to register any offering in the United States or to conduct a public
offering of its securities in the United States.
