Capital Distribution Update

RNS Number : 6535H

NB Distressed Debt Invest. Fd. Ltd

02 December 2015

 



2 December 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 19 November 2015, the Company has compulsorily redeemed on a pro rata basis 6,619,813 NBDD shares at a price of $1.2073 per NBDD share and 32,266,438 NBDX shares at a price of $1.0845 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 15 December 2015.

Following the redemptions the Company has 48,830,771 NBDD and 271,378,645 NBDX shares in issue.

The new ISIN number GG00BDB6PT19 for the NBDD shares and GG00BDB6Q104 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 2 December 2015. 

For further information, please contact:

Neustria Partners Nick Henderson Robert Bailhache Charles Gorman	[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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