Capital Distribution - Update

RNS Number : 4158P

NB Distressed Debt Invest. Fd. Ltd

29 May 2018

 

29 May 2018

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distribution for the Ordinary Share Class ("NBDD"), the Extended Life Share Class ("NBDX") and the New Global Share Class ("NBDG") announced on 11 May 2018, the Company has compulsorily redeemed on a pro rata basis 3,318,819 NBDD shares at a price of $1.1275 per NBDD share, 15,177,962 NBDX shares at a price of $1.0701 per NBDX share and 7,387,196 NBDG shares at a price of £0.9467 per NBDG 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 12 June 2018.

Following the redemptions the Company has 23,395,578 NBDD, 158,124,991 NBDX and 91,346,389 NBDG shares in issue.

The new ISIN number GG00BG5NC876 for the NBDD shares, GG00BG5NC983 for the NBDX shares and GG00BG5NCB06 for the NBDG shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions after 25 May 2018. 

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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