Capital Distribution Update

RNS Number : 1383R

NB Distressed Debt Invest. Fd. Ltd

07 December 2016

 

7 December 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 Extended Life Share Class ("NBDX") announced on 23 November 2016, the Company has compulsorily redeemed on a pro rata basis 10,970,002 NBDX shares at a price of $1.0020 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 21 December 2016.

Following the redemptions the Company has 216,616,100 NBDX shares in issue.

The new ISIN number GG00BZ001B27 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 7 December 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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