REG - NB Distressed Debt NB Distressed - NBDX NB Distressed - NBDG - Circular and EGM Notice re MVL & return of capital

NB Distressed Debt Investment FundAnnouncement

07/11/2025 07:00

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RNS Number : 5848G  NB Distressed Debt Invest. Fd. Ltd  07 November 2025

7 November 2025

 

NB Distressed Debt Investment Fund Limited

("NBDDIF" or the "Company")

 

Publication of Circular in relation to the proposed Members' Voluntary
Liquidation

and return of capital

 

 

The Company's board hereby gives notice of: (i) an Extraordinary General
Meeting ("EGM") of Shareholders; and (ii) class meetings of Shareholders for
each of the Ordinary share class (NBDD), Extended Life share class (NBDX) and
New Global share class (NBDG) (together, the "Class Meetings"), in connection
with a proposed Members' Voluntary Liquidation and return of capital.

 

This follows the board's announcement on 22 August 2025 that it expects to put
such proposals in place before the end of the year. Since that announcement,
NBDD has announced two further realisations which now leave the Ordinary
(NBDD) and Extended (NBDX) share classes with predominantly cash holdings. The
Global (NBDG) share class contains only one remaining holding, in the lodging
and casino sector, for which a sale process is underway.

 

The EGM and the Class Meetings will be held on 26 November 2025 at the
Company's registered office: 1st & 2nd Floors, Elizabeth House, Les
Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW.

 

A Shareholder Circular, which includes a letter from the Chairman and further
explanatory information, will be mailed to Shareholders, and shortly be made
available on https://www.nbddif.com (https://www.nbddif.com) as well as on the
National Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Copies of the Shareholder Circular, including the Notice of EGM, may also be
obtained from the Company's registered office.

 

John Hallam, the Company's Chairman, commented:

 

"Today's announcement follows the investment manager's work to realise the
proceeds from the Company's portfolio, balancing timely realisations with
maximising proceeds to shareholders. The appointment of liquidators marks the
conclusion of that process. Cash retained by the Company, to the extent not
required to meet expenses and any liabilities, will then be distributed to
Shareholders of all three share classes in the short term. The Company intends
to retain the listing of its Shares on the London Stock Exchange, with trading
suspended, at least until after an initial cash distribution has been made to
Shareholders.

 

The liquidator will then work with Neuberger Berman to continue to realise the
final lodging and casino investment held within the NBDG share class and make
further distributions to shareholders at the appropriate time. The Board
expects that the Company will make material cost savings as a result of being
placed into voluntary liquidation."

 

ENDS

 

LEI: YRFO7WKOU3V511VFX790

 

For further information, please contact:

 

 KL Communications                +44 (0) 20 3882 6644

 Charles Gorman                   nbdd@kl-communications.com (mailto:nbdd@kl-communications.com)

 Jefferies International Limited  +44 (0) 20 7029 8000

Gaudi Le Roux

 

 

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