Capital Distribution Update

RNS Number : 5440Q

NB Distressed Debt Invest. Fd. Ltd

01 March 2016

 

1 March 2016

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 16 February 2016, the Company has compulsorily redeemed on a pro rata basis 6,484,844 NBDD shares at a price of $1.0782 per NBDD share and 21,162,219 NBDX shares at a price of $0.9447 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 March 2016.

Following the redemptions the Company has 42,345,927 NBDD and 248,816,694 NBDX shares in issue.

The new ISIN number GG00BYVJWD00 for the NBDD shares and GG00BYVJWF24 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 1 March 2016. 

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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