Capital Distribution Update

RNS Number : 2520G

NB Distressed Debt Invest. Fd. Ltd

06 May 2014

 



6 May 2014

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the further capital distribution for the Ordinary Share Class ("NBDD") announced on 22 April 2014, the Company has compulsorily redeemed on a pro rata basis 12,092,596 NBDD shares at a price of $1.2397 per NBDD share for cancellation.  Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of NBDD 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 16 May 2014.

Following the redemption the Company has 89,160,296 NBDD shares in issue.

The new ISIN number GG00BLT1SN95 for the NBDD shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions after 2 May 2014.

For further information, please contact:

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

 

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