NB Glbl Fltg Rte Inc: Conversion of Securities

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

Conversion of Securities - Replacement

The following amendment has been made to the 'Conversion of Securities' announcement released on 3 March 2016 at 8:00 GMT.

"The conversion of a number of Sterling Shares to US Dollar Shares" has been changed to "The conversion of a number of US Dollar Shares to Sterling Shares". All other details remain unchanged.

The full amended text is shown below.

3 March 2016

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

Conversion between Share Classes

The Company today announces the conversion of a number of US Dollar Shares into Sterling Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 29 February 2016 (and also spot currency exchange rates as appropriate, in each case as at 29 February 2016), the conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:

USD to GBP 0.72128339

On the basis of the aggregate level of conversion notices received by the Company, applications will be made for the admission of 1,388,794 Sterling Shares to the Official List of the UK Listing Authority (the "Official List") and the main market for listed securities of the London Stock Exchange plc (the "Main Market"). Application will also be made for the cancellation of the listing on the Official List and the Main Market of 1,925,450 US Dollar Shares.  It is expected that such applications will become effective and that dealing in the Sterling Shares and US Dollar Shares will commence on 10 March 2016. Accordingly, the Company's issued share capital with effect from 10 March 2016 will be as follows:

1,249,737,443   Sterling Shares (117,812,482 are held in Treasury as at 2 March 2016)
49,171,068        US Dollar Shares (2,705,254 are held in Treasury as at 2 March 2016)

Sterling Shares have 1.6 votes per share and US Dollar Shares have 1 vote per share. Following Conversion (which is expected to take place on 10 March 2016) the total number of voting rights in the Company will be 1,857,545,751. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in the Company under the FCA's Disclosure and Transparency Rules.

Unless otherwise defined, capitalised terms shall have the meaning given to them in the prospectus of the Company dated 30 September 2013.

Note: The issued share capital and total voting rights with effect from 10 March  2016 may be subject to change due to the current on-going transactions in own shares of the Company.

ENDS

Carey Group
Claire McSwiggan
[phone]

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NB GLOBAL FLOATING RATE INCOME FUND LIMITED (GBP) via Globenewswire

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