Capital Distribution Update

RNS Number : 4863B

NB Distressed Debt Invest. Fd. Ltd

17 June 2016

 

17 June 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 6 June 2016, the Company has compulsorily redeemed on a pro rata basis 3,047,085 NBDD shares at a price of $1.1460 per NBDD share and 8,130,158 NBDX shares at a price of $0.9830 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 1 July 2016.

Following the redemptions the Company has 35,218,587 NBDD and 228,614,535 NBDX shares in issue.

The new ISIN number GG00BYT2S112 for the NBDD shares and GG00BYT2S336 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 17 June 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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