Dividend Declaration

RNS Number : 6097I

NB Global Floating Rate Income Fund

04 July 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.

4 July 2013

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

Dividend Declaration

The Board of the Company (the "Board") are pleased to announce a dividend of $0.0111 per dollar ordinary share and £0.0111 per sterling ordinary share, for the period 1 April 2013 to 30 June 2013.  Dividends in relation to the ordinary shares will be payable on 16 August 2013 to ordinary shareholders (the "Qualifying Ordinary Shareholders") on the register as at close of business on 12 July 2013. 

The Board of the Company are also pleased to announce a dividend of £0.0055 per sterling C share, covering the period 26 March 2013 to 30 June 2013. Dividends in relation to the C shares will be payable on 26 July 2013 to C shareholders (the "Qualifying C shareholders") on the register as at close of business on 12 July 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.

Scrip Dividend Alternative

The Board are 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 scrip dividend alternative will not be offered to C Shareholders. 

A circular will be sent to Ordinary Shareholders setting out the detailed terms and conditions of the Scrip Dividend Alternative on or about 17 July 2013.  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 2 August 2013 by those Qualifying Ordinary Shareholders who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

Ex-dividend date	10 July 2013
Dividend record date	12 July 2013
Circular posted to shareholders	17 July 2013
C shareholders dividend payment date	26 July 2013
Last date to elect/revoke scrip elections for Ordinary Shareholders	2 August 2013
Ordinary shareholders dividend payment date/Allotment of scrip	16 August 2013

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 targets an annualised yield per share in the region of 5% (net of fees and expenses) whilst preserving the capital value of the investment portfolio. 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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