Capital Distribution Update

NB Distressed Debt Invest. Fd. Ltd

27 November 2024

 

27 November 2024

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") and Global ("NBDG") Share Classes announced on 8 November 2024, the Company has compulsorily redeemed on a pro rata basis 5,502,971 NBDX shares at a price of $0.9980 per NBDX share and 2,698,258 NBDG shares at a price of £0.5535 per NBDG 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 10 December 2024. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 10 December 2024.

Following the redemption, the Company has 15,382,770 NBDD, 38,731,819 NBDX and 25,123,440 NBDG Shares in issue. Therefore, the total number of voting rights in the Company is 79,238,029.

The new ISINs, GG00BPNZ1C58 for the NBDX shares and GG00BPNZ1D65 for the NBDG shares, in respect of the remaining shares which have not been redeemed have been enabled and the NBDX and NBDG shares will commence trading today. 

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Suntera (Guernsey) Limited

Company Secretary

Tel: [phone]

Email: [e-mail]

U.S. Bank Global Fund Services (Guernsey) Limited

Administrator

Tel: [phone]

Jefferies International Limited

Financial Adviser and Corporate Broker

Tel: [phone]

Neuberger Berman Europe Limited

Manager

Tel: [phone]

Neuberger Berman Investment Advisers LLC

Alternative Investment Fund Manager

Tel: [phone]

KL Communications

Tel: [phone], [e-mail]

NB Distressed Debt Investment Fund Limited

The Company is a closed-ended investment company incorporated and registered in Guernsey on 20 April 2010 with registration number 51774. The Company is governed under the provisions of the Companies (Guernsey) Law, 2008 (as amended) (the "Law"), and the Registered Collective Investment Scheme Rules and Guidance 2021 issued by the Guernsey Financial Services Commission ("GFSC"). It is a non-cellular company limited by shares and has been declared by the GFSC to be a registered closed-ended collective investment scheme. The Company trades on the Specialist Fund Segment ("SFS") of the London Stock Exchange ("LSE"). The Company is a member of the Association of Investment Companies (the "AIC") and is classified within the Debt - Loans & Bonds Category

 

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