The Board of MCI Capital ASI has adopted a dividend policy for the years 2025-2027. The investment fund, which has been listed since 2001, plans on paying out a regular dividend amounting to 4% of the company’s net assets (equity).
As of March 31, 2024, the equity of MCI Capital ASI S.A. stood at PLN 2,108 million. The market value of MCI Capital ASI S.A. is currently PLN 1.3 billion with a share price of PLN 25.00. Given the current market value of the company, the announced dividend policy implies a very high dividend rate of 6.5%.
The previous dividend policy involved a share buyback by MCI Capital ASI, which the company has implemented annually in recent years, equal to around 2.5% of net assets. The fund justifies the adopted dividend policy with the fund’s growth in value and mature stage of the investment cycle, which results in expected significant exits from investments. The fund is likely to gain nearly PLN 1 billion from investment exits over the next two years. Potential exits include Netrisk and IAI.
The purpose of the dividend policy is to ensure predictable and regular distribution of the fund’s profits to all investors and shareholders of MCI Capital ASI. Over recent years, the fund has performed very well. The share price has increased by 173% over the past 5 years and by 20% in the last 12 months.
“Our investment portfolio consists of rapidly developing companies. Some of them are approaching the end of the assumed investment period and exiting. We want to share the profits with all shareholders of MCI Capital ASI in a predictable manner and increase the fund’s attractiveness to investors,” says Tomasz Czechowicz, President of the MCI Management Board.
MCI Capital ASI is a private equity fund specializing in investing in rapidly growing companies in the new technology sectors. The fund invests in well-known Polish brands such as eSky, IAI, Netrisk, Morele, Answear, Profitroom, Webcon, and Focus Telecom.
Source: https://managerplus.pl/nowa-polityka-dywidendowa-mci-capital-47438
