Capital Distribution - Update

RNS Number : 7936P

NB Distressed Debt Invest. Fd. Ltd

05 September 2017

 

5 September 2017

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 18 August 2017, the Company has compulsorily redeemed on a pro rata basis 5,861,814 NBDD shares at a price of $1.1075 per NBDD share and 10,030,541 NBDX shares at a price of $1.0460 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 18 September 2017.

Following the redemptions the Company has 29,356,773 NBDD and 177,420,927 NBDX shares in issue.

The new ISIN number GG00BYVZ1647 for the NBDD shares and GG00BF2N2B64 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 5 September 2017. 

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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