NB GLOBAL FLOATING RATE INCOME FUND LIMITED (GB...

7 January 2015

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

Conversion between Share Classes

The Company today announces the conversion of a number of Sterling Shares into US Dollar Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 31 December 2014 (and also spot currency exchange rates as appropriate at 31 December 2014), the conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:

GBP to USD 1.5447171

On the basis of the aggregate level of conversion notices received by the Company, applications have been made for the admission of 137,245 US Dollar 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 has also been made for the cancellation of the listing on the Official List and the Main Market of 88,849 Sterling Shares.  It is expected that such applications will become effective and that dealing in the Sterling Shares and US Dollar Shares will commence on 13 January 2015. Accordingly, the Company's issued share capital with effect from 13 January 2015 will be as follows:

1,241,074,777    Sterling Shares
60,303,935        US Dollar Shares

US Dollar Shares have 1 vote per share and Sterling Shares have 1.6 votes per share. Following Conversion (which is expected to take place on 13 January 2015) the total number of voting rights in the Company will be 2,046,023,578. 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.

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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