REG - NB Distressed Debt NB Distressed - NBDX NB Distressed - NBDG - Capital Distribution

NB Distressed Debt Investment FundAnnouncement

07/03/2025 07:00

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RNS Number : 7162Z  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currently in circulation will be superseded by a new certificate which will be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: +44 (0) 1481 700300

Email: NB.Distressed@suntera.com (mailto:NB.Distressed@suntera.com)

 

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

Administrator

Tel: +44 (0) 1481 723450

 

Jefferies International Limited

Financial Adviser and Corporate Broker

Tel: +44 (0)20 7029 8000

 

Neuberger Berman Europe Limited

Manager

Tel: +44 20 7355 7229

 

Neuberger Berman Investment Advisers LLC

Alternative Investment Fund Manager

Tel: +1 (312) 325-7700

 

KL Communications

Tel: +44 (0)20 3603 2803, nbdd@kl-communications.com

 

 

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

 

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