Dividend Declaration

RNS Number : 3778W

NB Global Monthly Income Fund Ltd

18 August 2022

 

18 August 2022

NB Global Monthly Income Fund Limited ("NBMI")

Dividend Declaration

The Board announced on 21 July 2022 a further increase to the Target Distribution¹ for the remainder of 2022 to a rate of 6.75% of Net Asset Value per annum² (net of fees and expenses). This equates to a target monthly distribution for the remainder of 2022 of £0.00467 per share paid monthly, equating to £0.05602 per share, per annum.

Following this, the Board announces an interim dividend of £0.00467 per Sterling ordinary share for the period 1 August 2022 to 31 August 2022.

The dividend will be payable on 12 September 2022 to ordinary shareholders on the register as at close of business on 26 August 2022.

The dividend timetable is set out below:

Ex-dividend date	25 August 2022
Dividend record date	26 August 2022
Ordinary Shareholders dividend payment date	12 September 2022

2022 Dividend Payment Dates

As previously confirmed, 2022 dividends will be paid on or around the 10th business day of the following month in arrears. The full schedule of record, ex-dividend, and payment dates for 2022 is available at  www.nbgmif.com  under 'Fund Analysis'.

The Board would like to take the opportunity to remind our shareholders that the Company became an "offshore fund" for the purposes of the UK's offshore fund tax rules. The Company applied to HMRC to treat the Company as a "reporting fund" for these purposes, details of which can be found in the EGM circular dated 17 August 2020 available at  www.nbgmif.com . Shareholders who are in any doubt as to their tax position should consult an independent professional adviser.

As notified in previous announcements, dividends declared by the Company are no longer being paid by cheque and will only be paid to shareholders electronically. Dividend confirmations are available on the Link Share Portal, at www.signalshares.com .

For further information, please contact:

Neuberger Berman Europe Limited (Manager) Elizabeth Papadopoulos	[phone]
Numis Securities Limited (Broker) Hugh Jonathan Matt Goss	[phone]
Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla Gemma Woods	[phone]
KL Communications (PR) Charles Gorman Will Sanderson	[phone]

About NBMI

The Company is a registered closed-ended investment company incorporated in Guernsey. It is managed by Neuberger Berman Europe Limited, which has delegated certain of its responsibilities and functions to the AIFM, Neuberger Berman Investment Advisers LLC, both of which are indirect wholly owned subsidiaries of Neuberger Berman Group LLC.

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies-including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds-on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman's diverse team has over 2,400 professionals.

For seven consecutive years, Neuberger Berman has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $437 billion in client assets as of December 31, 2021. For more information, please visit our website at  www.nb.com .

LEI: 549300P4FSBHZFALLG04

¹ This is only a target distribution and may not be achieved. Actual distributions will be monitored against the Target Distribution. The Target Distribution will be reviewed at least annually (at the end of each financial year) and any amendment to the target will be announced via RNS as required.

² As of 18 July 2022

 

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