Dividend Declaration

RNS Number : 2158V

NB Global Floating Rate Income Fund

09 January 2013

 



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

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

9 January 2013

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

Dividend Declaration

The Board of the Company is pleased to announce a dividend of $0.0116 per US dollar ordinary share and £0.0116 per Sterling ordinary share, covering the period 1 October 2012 to 31 December 2012.  Dividends in relation to the ordinary shares will be payable on 22 February 2013 to ordinary shareholders on the register as at close of business on 18 January 2013. 

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 circular will be sent to shareholders explaining the terms of the scrip dividend alternative on or about 23 January 2013.  The scrip dividend election forms (enclosed with the circular) will need to be completed and returned to Capita Registrars Limited by 8 February 2013 by those ordinary shareholders on the register as at the close of business on 18 January 2013 who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

Ex-dividend date	16 January 2013
Dividend record date	18 January 2013
Circular posted to shareholders on or about	23 January 2013
Last date to elect/revoke scrip elections for ordinary shareholders	8 February 2013
Ordinary shareholders dividend payment date/Allotment of scrip	22 February 2013

ENDS

For further information, please contact:

BNP Paribas Fund Services (Guernsey) Limited

Sara Bourne

[phone]

www.nbgfrif.com 

Neither the contents of the Company's website (www.nbgfrif.com) 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.

Background Information

 NB Global Floating Rate Income Fund Limited (the "Fund") is a FTSE 250-listed, closed-ended investment company. The Fund currently targets an annualised net yield per share in the region of 5% on the issue price, plus some capital appreciation, whilst preserving investors capital and giving protection from rising interest rates. 

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.

 

END

 

 

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