Capital Distribution

NB Distressed Debt Invest. Fd. Ltd

07 March 2025

 

7 March 2025

NB Distressed Debt Investment Fund Limited

(the "Company")

Capital Distribution of £1.2 million for NBDG Shares

The Board of NB Distressed Debt Investment Fund Limited (the "Company") is pleased to announce a £1.2 million capital distribution for the Global ("NBDG") Share Class.

NBDG

The Company has resolved to make a capital distribution totalling (before expenses) £1.2 million to NBDG shareholders (equivalent to approximately £0.0485 per NBDG share) by way of a compulsory partial redemption of NBDG shares at a price equal to £0.5111 per NBDG share (being the last published NAV per NBDG share prior to this announcement). The amount applied to the partial redemption of NBDG shares will be after the deduction of costs and expenses of this partial redemption, expected to be approximately £6,500.

Shareholder information

The redemption of the NBDG shares (the "Redemption") will be effected pro rata to holdings of NBDG shares on the register at the close of business on 25 March 2025 (the "Redemption Date"), being the record date for the Redemption. Approximately 9.45% of the NBDG issued share capital will be redeemed on the Redemption Date. Fractions of shares produced by the Redemption ratio will not be redeemed and so the number of shares to be redeemed from each shareholder will be rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 8 April 2025. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 8 April 2025.

The Company has 25,123,440 NBDG shares in issue as at 6 March 2025. All of the NBDG shares redeemed on the Redemption Date will be cancelled.

The shares will be disabled in CREST on the Redemption Date and the existing ISIN number, GG00BPNZ1D65 for the NBDG shares (the "old ISIN") will expire. The new ISIN will be released shortly.

The new ISIN for the NBDG shares (the "new ISIN") in respect of the remaining shares which have not been redeemed will be enabled and available for transactions after 25 March 2025. For the period up to and including the Redemption Date, shares will be traded under the old ISIN and as such, a purchaser of such shares may have a market claim for a proportion of the redemption proceeds following the activation of the new ISIN. CREST will automatically transfer any open transactions as at the Redemption Date to the new ISIN.

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Suntera (Guernsey) Limited

Company Secretary

Tel: [phone]

Email: [e-mail]

U.S. Bank Global Fund Services (Guernsey) Limited

Administrator

Tel: [phone]

Jefferies International Limited

Financial Adviser and Corporate Broker

Tel: [phone]

Neuberger Berman Europe Limited

Manager

Tel: [phone]

Neuberger Berman Investment Advisers LLC

Alternative Investment Fund Manager

Tel: [phone]

KL Communications

Tel: [phone], [e-mail]

NB Distressed Debt Investment Fund Limited

The Company is a closed-ended investment company incorporated and registered in Guernsey on 20 April 2010 with registration number 51774. The Company is governed under the provisions of the Companies (Guernsey) Law, 2008 (as amended) (the "Law"), and the Registered Collective Investment Scheme Rules and Guidance 2021 issued by the Guernsey Financial Services Commission ("GFSC"). It is a non-cellular company limited by shares and has been declared by the GFSC to be a registered closed-ended collective investment scheme. The Company trades on the Specialist Fund Segment ("SFS") of the London Stock Exchange ("LSE"). The Company is a member of the Association of Investment Companies (the "AIC") and is classified within the Debt - Loans & Bonds Category

 

END