STOCK TITAN

VINCI PARTNERS ANNOUNCES QUARTERLY DIVIDEND OF US$0.16 PER SHARE FOR THE FIRST QUARTER 2023

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends earnings

RIO DE JANEIRO, May 11, 2023 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners", "we", "us" or "our"), the controlling company of a leading alternative investment platform in Brazil, has declared a quarterly dividend of US$0.16 per share to record holders of common stock at the close of business on May 25, 2023. This dividend will be paid on June 09, 2023.

Alessandro Horta, Chief Executive Officer stated, "Vinci announced a quarterly dividend of US$0.16 per share which represents an attractive dividend yield to shareholders. Since our IPO, Vinci has distributed US$1.53 per common share to shareholders as dividends, a meaningful dividend distribution as a result of repeated strong quarterly results. We are pleased to announce that we are halfway through our initial R$10 billion target fundraising for Private Markets' products and we should see additional capital subscriptions coming in the next few quarters. The platform is starting to reap the benefits from the fundraising cycle, that should power attractive growth for the company and enhance our ability to generate free cash flow."

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, credit, special situations, infrastructure, hedge funds, investment products and solutions, and retirement services, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.

Forward-Looking Statements

This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time.

USA Media Contact

Nick Lamplough / Kate Thompson / Katie Villany
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449

Brazil Media Contact

Danthi Comunicações
Carla Azevedo (carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779

Investor Contact

ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240

Cision View original content:https://www.prnewswire.com/news-releases/vinci-partners-announces-quarterly-dividend-of-us0-16-per-share-for-the-first-quarter-2023--301822613.html

SOURCE Vinci Partners Investments Ltd.

Vinci Partners Investments Ltd.

NASDAQ:VINP

VINP Rankings

VINP Latest News

VINP Stock Data

643.67M
40.19M
64.22%
25.98%
0.3%
Asset Management
Financial Services
Link
United States of America
Rio De Janeiro