Dividend Declaration

RNS Number : 0870V

NB Global Floating Rate Income Fund

05 January 2012

 



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

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

5 January 2012

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

Dividend Declaration

The Board of the Company are pleased to announce a dividend of $0.01187 per dollar ordinary share and £0.01187 per sterling ordinary share, and $0.00323 per dollar C share and £0.00323 per sterling C share, covering the period 1 October 2011 to 31 December 2011.  Dividends in relation to the ordinary shares will be payable on 24 February 2012 to ordinary shareholders on the register as at close of business on 13 January 2012.  Dividends in relation to the C shares will be payable on 10 February 2012 to C shareholders on the register as at close of business on 13 January 2012.

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.

The Company intends to offer a scrip dividend alternative for this distribution to those ordinary shareholders who wish to receive additional ordinary shares in lieu of a cash payment.  A scrip dividend alternative will not be offered to C shareholders.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative on or about 18 January 2012.  The scrip dividend election forms (enclosed with the circular) will need to be completed and returned to Capita Registrars Limited by 10 February 2012 by those ordinary shareholders on the register as at the close of business on 13 January 2012 who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

Ex-dividend date	11 January 2012
Dividend record date	13 January 2012
Circular posted to shareholders	18 January 2012
C shareholders dividend payment date	10 February 2012
Last date to elect/revoke scrip elections for ordinary shareholders	10 February 2012
Ordinary shareholders dividend payment date/Allotment of scrip	24 February 2012

For further information, please contact:

BNP Paribas Fund Services (Guernsey) Limited

Sara Bourne

[phone]

www.nbgfrif.com   

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 targets an annualised yield per share in the region of 5% (net of fees and expenses) in the first full year of investment, plus some capital appreciation, while seeking to protect investors from rising interest rates. The Company is managed by three 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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