Investor Quarterly Update Call

RNS Number : 5579C

NB Global Floating Rate Income Fund

17 April 2013

 



NB Global Floating Rate Income Fund Limited Portfolio Update

The board of directors (the "Board") of NB Global Floating Rate Income Fund Limited (the "Company") today announces an update in relation to the Company's C Share portfolio. The Board is pleased with the progress that its investment manager, Neuberger Berman Europe Limited (the "Investment Manager"), has made in deploying the C Share capital since the raise in March this year.

As at 12 April 2013, the Company had invested over 75% of the net proceeds of the C Share capital.

The Company has invested the C Share capital in 113 companies across 30 industries. The currency breakdown of these investments is approximately 92% US Dollars, 5% Euros and 3% UK Sterling.

For further information, please contact:

Neuberger Berman Europe Limited	[phone]
Anji Stewart

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 is a FTSE 250-listed, closed-ended investment company. The Company targets an annualised yield per share, net of fees and expenses, in the region of 5% per share per annum¹, whilst seeking to preserve investors' capital and give protection from rising interest rates.

The Company's managers generate this yield by investing primarily in a global portfolio of floating rate senior secured corporate loans with selective use of senior bonds, diversified by both borrower and industry. The Company is managed by three accomplished portfolio managers backed by a 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.

¹ The target is annualised, based on dividends and NAV over the relevant period.

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.

 

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