Dividend Declaration

RNS Number : 9950P

NB Global Floating Rate Income Fund

12 October 2011

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

Dividend declaration

The Board of the company are pleased to announce its maiden quarterly dividend of $0.01486 per dollar ordinary share and £0.01486 per sterling ordinary share, covering the period 20 April 2011 to 30 September 2011, payable on 9 December 2011 to shareholders on the register as at close of business on 21 October 2011.

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 investors 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. It is intended that the circular together with scrip dividend election forms will be mailed on or about 26 October 2011 to all eligible shareholders on the register as at the record date for the dividend, being 21 October 2011. The scrip dividend election forms will need to be completed and returned to Capita Registrars Limited by 18 November 2011 by those investors who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

Ex-dividend date	19 October 2011
Dividend record date	21 October 2011
Circular posted to shareholders	26 October 2011
Last date to elect/revoke scrip elections	18 November 2011
Dividend payment date/Allotment of scrip	9 December 2011