Dividend Declaration - 30 June 2014

RNS Number : 4264L

NB Global Floating Rate Income Fund

03 July 2014

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO

U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

3 July 2014

NB Global Floating Rate Income Fund Limited (the "Company")

Dividend Declaration

The Board of the Company (the "Board") is pleased to announce a dividend of $0.0089 per dollar ordinary share and £0.0089 per sterling ordinary share for the period 1 April 2014 to 30 June 2014. Dividends in relation to the ordinary shares will be payable on 15 August 2014 to ordinary shareholders (the "Qualifying Ordinary Shareholders") on the register as at close of business on 11 July 2014. 

The Company intends to pay dividends to shareholders equal to the cash income it receives less its running costs paid in that year, subject to the solvency test prescribed by Guernsey law.

Scrip Dividend Alternative

The Board is pleased to offer a scrip dividend alternative (the "Scrip Dividend Alternative") for this distribution to the Qualifying Ordinary Shareholders who wish to receive additional ordinary shares in lieu of a cash payment. 

A circular will be sent to Ordinary Shareholders setting out the detailed terms and conditions of the Scrip Dividend Alternative on or about 16 July 2014.  The circular will provide details of the Scrip Dividend Alternative and explain how Qualifying Ordinary Shareholders may elect to receive the Scrip Dividend Alternative instead of cash dividends, along with a scrip dividend election form for Qualifying Ordinary Shareholders to elect for the Scrip Dividend Alternative (the " Form").The Form will need to be completed and returned to Capita Registrars Limited by 1 August 2014 by those Qualifying Ordinary Shareholders who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

Ex-dividend date	9 July 2014
Dividend record date	11 July 2014
Circular posted to shareholders	16 July 2014
Last date to elect/revoke scrip elections for Ordinary Shareholders	1 August 2014
Ordinary shareholders dividend payment date/Allotment of scrip	15 August 2014

For further information, please contact:

BNP Paribas Securities Services S.C.A., Guernsey Branch

Sara Bourne

[phone]

Background Information

The Company is a closed-ended investment company limited by shares incorporated under the laws of Guernsey on 10 March 2011, with registration number 53155. The Company's investment objective is to provide its shareholders with regular dividends, at levels that are sustainable whilst preserving the capital value of its investment portfolio, utilising the investment skills of the Investment Managers. The Company is managed by four experienced portfolio managers backed by an experienced credit team of over 30 investment professionals. 

The Company is managed by Neuberger Berman Europe Limited, an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. The Investment Manager has delegated certain of its responsibilities and functions to the sub-investment manager, Neuberger Berman Fixed Income LLC, also an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. To find out more about the Company and Neuberger Berman Group LLC, please visit www.nbgfrif.com.

This document has been prepared by NB Global Floating Rate Income Fund Limited ("NBGFRIF") and is the sole responsibility of NBGFRIF. This document is not intended to be an investment advertisement or sales instrument and does not constitute an offer or an attempt to solicit offers for any securities in NBGFRIF in any jurisdiction. This document was prepared using the financial information available to NBGFRIF prior to the date of this announcement. This information is believed to be accurate but has not been audited by a third party. NBGFRIF does not accept any liability for actions taken on the basis of the information provided herein. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.

ENDS

 

END

 

 

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