Dividend Declaration - replacement announcement

RNS Number : 5186Q

NB Distressed Debt Invest. Fd. Ltd

28 June 2022

 

28 June 2022

NB Distressed Debt Investment Fund Limited

(the "Company")

Income Distribution

Further to the announcement issued on 22 June 2022, the Board of the Company would like to update the amounts per share of the income distribution which will be payable on 15 July 2022. The income distribution will be payable by way of a dividend of $0.0402 per Extended Life Share and £0.0325 per New Global Share (collectively the "Share Classes"), to be payable on 15 July 2022 to shareholders on the register of the respective Share Classes as at the close of business on 1 July 2022.

The Extended Life Share distribution is based on 2019 PNL of $2,129,513 and 2020 $1,119,577, and the New Global Share distribution is based on 2019 PNL £646,453 and 2020 £694,871.

These dividends represent the asset realisations and the sale of Dumas Shipping; shareholders should note that the exact amount and timing of any future income distributions may vary depending on the amounts of income received by the Company less relevant expenses.

The Board has declared the respective dividend for each share class in accordance with the Company's distribution policy, as set out in the respective Prospectus for each applicable share class and the Articles of Incorporation, which requires that all income from the Company's Share Classes be distributed after deducting reasonable expenses, subject to the solvency test prescribed by Guernsey law.

Expected timetable:  

Ex-dividend date	30 June 2022
Dividend record date	01 July 2022
Dividend payment date	15 July 2022

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Carey, Company Secretary 

Tel: [phone]

 

END

 

 

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