Capital Distribution Update

RNS Number : 9211Y

NB Distressed Debt Invest. Fd. Ltd

30 January 2014

 



30 January 2014

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distributions for the Ordinary Share Class ("NBDD") and the Extended Life Share Class ("NBDX") announced on 17 January 2014, the Company has compulsorily redeemed on a pro rata basis 22,907,579 NBDD shares at a price of $1.2219 per NBDD share and 16,900,236 NBDX shares at a price of $1.2353 per NBDX share for cancellation.  Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of NBDD shares and NBDX shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 12 February 2014.

Following the redemption the Company has 101,252,892 NBDD shares and 335,188,578 NBDX shares in issue. 

The new ISIN number GG00BJ05NQ40 for the NBDD shares and the new ISIN number GG00BJ05NR56 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from and including 30 January 2014. 

For further information, please contact:

Neuberger Berman Europe Limited Damian Holland Anji Stewart	[phone]
Winterflood Investment Trusts Joe Winkley Neil Langford	[phone]
Oriel Securities Limited Neil Winward Gaudi Le Roux	[phone]

 

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