Silvercrest Asset boosts dividend 5% to 20c per share

“We expect to make more hires to complement our outstanding professional team and to drive future growth. Silvercrest continues to accrue a higher interim percentage of revenue for compensation. We will adjust variable compensation levels to match these important investments in the business and will keep you informed of our plans. Silvercrest’s pipeline of new institutional business opportunities decreased during the second quarter to $1.0 billion. The pipeline remains up from the fourth quarter of last year. Importantly, the firm’s pipeline does not yet include potential mandates for our new Global Equity team which has a high capacity for significant inflows. We continue to expect near-term positive flows to result from opportunities for both our institutional equity and OCIO capabilities. As a high-end wealth and asset management firm, Silvercrest serves families and institutions from across the globe. Despite headline news of international tensions, we see substantial new opportunities globally for a firm with our high-quality capabilities coupled with superior client service. On July 30 , the Company’s Board of Directors approved an increase of approximately 5.0% to the Company’s quarterly dividend, from $0.19 per share of Class A common stock to $0.20 per share of Class A common stock. The dividend will be paid on or about September 20 to shareholders of record as of the close of business on September 13 .