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

6 May 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 value of the Company's shares as at 30 April 2015 (and also spot currency exchange rates as appropriate, in each case as at 30 April 2015), the conversion ratio, calculated in accordance with the Company's articles of incorporation, are as follows:

GBP to USD 1.52401484

On the basis of the aggregate level of conversion notices received by the Company, application will be made for the admission of 320,978 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 will also be made for the cancellation of the listing on the Official List and admission to the Main Market of 210,615 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 12 May 2015. Accordingly, the Company's issued share capital with effect from 12 May 2015 will be as follows:

1,240,439,626  Sterling Shares (16,325,634 are held in Treasury as at 5 May 2015)
61,557,548        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 12 May 2015) the total number of voting rights in the Company will be 2,020,139,935. 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 with effect from 12 May 2015 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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