Capital Distribution Update

RNS Number : 0132H

NB Distressed Debt Invest. Fd. Ltd

20 March 2020

 

20 March 2020

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 Extended Life ("NBDX") Share Class announced on 3 March 2020, the Company has compulsorily redeemed on a pro rata basis 5,434,023 NBDX shares at a price of $0.9176 per NBDX share for cancellation. Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore 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 31 March 2020. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 31 March 2020.

Following the redemption, the Company has 71,397,915 NBDG, 108,367,771 NBDX and 15,382,770 NBDD Shares in issue. Therefore, the total number of voting rights in the Company is 195,148,456.

The new ISIN number GG00BKVDG878 for the NBDX shares in respect of the remaining shares which have not been redeemed has been enabled and is available for transactions after 19 March 2020. 

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

KL Communications Charles Gorman	[phone] [e-mail]
Stifel Nicolaus Europe Limited Mark Bloomfield	[phone]

 

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