Epoch Holding Corporation (“Epoch”
or the “Company”) (Nasdaq: EPHC),
a leading investment manager and investment adviser, today announced
that its Board of Directors has declared a special cash dividend of
$0.75 per share on the Company's common stock, payable on December 14,
2012 to stockholders of record at the close of business on November 30,
2012. The aggregate dividend payment will total approximately $17.8
million based on the number of shares of common stock currently
outstanding.
“In light of our strong balance sheet and liquidity position, as well as
continued confidence in the long-term growth of our business, the Board
has decided to return a portion of our cash to shareholders through a
special dividend,” stated William
W. Priest, Chief Executive Officer. “This decision by our Board
reflects our commitment to enhance shareholder value through dividends
and share repurchases, while maintaining sufficient capital for growth
initiatives.”
About Epoch Holding Corporation
Epoch Holding Corporation conducts its operations through Epoch
Investment Partners, Inc., a wholly-owned subsidiary and a registered
investment adviser under the Investment Advisers Act of 1940, as
amended. Investment management and investment advisory services are the
Company's sole line of business. Headquartered in New York, the
Company's investment strategies include U.S. Equity (All Cap, Large Cap,
SMID Cap and Small Cap Value; Choice and Shareholder Yield), Global
Equity (Shareholder Yield, Choice, Absolute Return and Small Cap) and
International Small Cap.
For more information about Epoch contact Adam Borak at Epoch
Investment Partners, Inc. 212-400-4708, aborak@eipny.com
or visit Epoch's website at www.eipny.com.
Safe Harbor Statement
This press release may contain forward-looking statements that
involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied in such forward-looking statements.
The most significant of these factors include, but are not limited to,
the following: the performance of financial markets, the investment
performance of sponsored investment products and separately managed
accounts, general economic conditions, industry trends, future
acquisitions, competitive conditions, and government regulations. For
further information regarding these forward-looking statements and the
factors that could cause actual results to differ, see "Risk Factors"
and "Forward-Looking Statements" in our Form 10-K for the year ended
June 30, 2012. Other factors besides those listed in "Risk Factors" and
"Forward-Looking Statements", and those listed above, could also
adversely affect our revenues, financial condition, results of
operations and business prospects. The Company undertakes no duty to
update its forward-looking statements, including its earnings outlook.
