Portfolio Update

NB Distressed Debt Invest. Fd. Ltd

31 October 2024

 

31 October 2024

NB Distressed Debt Investment Fund Limited

("NBDD" or the "Company")

Portfolio Update

The Company is pleased to announce the following updates.

NBDX & NBDG: Oil and Gas asset sale distribution

As the result of an asset sale transaction, the Company has received cash distributions approximately equal to the existing Net Asset Value per share ("NAV") of an Oil and Gas asset, totalling $10.7million. The asset is held in the NBDX and NBDG share classes and represents 17.3% and 15.3% of the NAV of those share classes, respectively, based on the published NAV at close of business on 28th October 2024. These distributions have no impact on the latest published NAV of either share class.

There are remaining assets within that Oil & Gas investment which may provide for additional upside. Further details, including regarding any related returns of capital, will be provided in due course.

Factsheets

The latest factsheets for the quarter ended 30 June 2024 are available via the following links:

NBDD - Ordinary Share Class

http://www.rns-pdf.londonstockexchange.com/rns/3058K_1-2024-10-30.pdf

NBDX - Extended Life Share Class

http://www.rns-pdf.londonstockexchange.com/rns/3058K_2-2024-10-30.pdf

NBDG - Global Share Class

http://www.rns-pdf.londonstockexchange.com/rns/3058K_3-2024-10-30.pdf

or via the Company's website www.nbddif.com

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

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LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

KL Communications Charles Gorman	[phone] [e-mail]
Jefferies International Limited Gaudi Le Roux	[phone]

 

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