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

7 April 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 and also 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 31 March 2015 (and also spot currency exchange rates as appropriate, in each case as at 31 March 2015), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

GBP to USD 1.47207207
USD to GBP 0.67931457

On the basis of the aggregate level of conversion notices received by the Company, applications will be made for the admission of 364,260 US Dollar Shares and 12,227 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 admission to the Main Market of 247,453 Sterling Shares and 18,000 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 14 April 2015. Accordingly, the Company's issued share capital with effect from 14 April 2015 will be as follows:

1,240,650,241  Sterling Shares (13,914,672 are held in Treasury as at 7 April 2015)
61,236,570        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 14 April 2015) the total number of voting rights in the Company will be 2,046,276,955. 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 14 April 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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