Capital Distribution Update

RNS Number : 0394P

NB Distressed Debt Invest. Fd. Ltd

13 August 2014

 



13 August 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") and the Extended Life Share Class ("NBDX") announced on 1 August 2014, the Company has compulsorily redeemed on a pro rata basis 5,552,238 NBDD shares at a price of $1.2593 per NBDD share and 3,270,722 NBDX shares at a price of $1.2786 per NBDX share for cancellation.  Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of 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 27 August 2014.

Following the redemptions the Company has 83,608,058 NBDD shares in issue and 331,917,856 NBDX shares in issue.

The new ISIN number GG00BPT2C729 for the NBDD shares and GG00BPT2C943 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 13 August 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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