Capital Distribution Update

RNS Number : 7092M

NB Distressed Debt Invest. Fd. Ltd

11 May 2015

 

11 May 2015

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 27 April 2015, the Company has compulsorily redeemed on a pro rata basis 9,836,959 NBDD shares at a price of $1.2699 per NBDD share and 3,372,423 NBDX shares at a price of $1.1837 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 22 May 2015.

Following the redemptions the Company has 61,146,214 NBDD and 320,388,967 NBDX shares in issue.

The new ISIN number GG00BX1BBW13 for the NBDD shares and GG00BX1BC515 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 11 May 2015. 

For further information, please contact:

Neuberger Berman Europe Limited Joanna Pope	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Winterflood Investment Trusts Joe Winkley Neil Langford	[phone]

 

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