Capital Distribution - Update

RNS Number : 3819W

NB Distressed Debt Invest. Fd. Ltd

14 November 2017

 

14 November 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 27 October 2017, the Company has compulsorily redeemed on a pro rata basis 2,642,376 NBDD shares at a price of $1.1323 per NBDD share and 3,972,974 NBDX shares at a price of $1.0677 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 28 November 2017.

Following the redemptions the Company has 26,714,397 NBDD and 173,367,953 NBDX shares in issue.

The new ISIN number GG00BF52R043 for the NBDD shares and GG00BF52QZ26 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions after 13 November 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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