REG - NB Distressed Debt NB Distressed - NBDX NB Distressed - NBDG - Result of AGM

NB Distressed Debt Investment FundAnnouncement

01/07/2025 17:00

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RNS Number : 2843P  NB Distressed Debt Invest. Fd. Ltd  01 July 2025

1 July 2025

 

NB Distressed Debt Investment Fund Limited

(the "Company")

 

Results of Annual General Meeting

 

At the Annual General Meeting (the "AGM") of the Company held at 3:00 p.m.
yesterday all resolutions set out in the AGM Notice sent to shareholders were
duly passed.

Details of the proxy voting results which should be read alongside the Notice
sent to shareholders on 30 April 2025 are noted below. A vote withheld is not
a vote in law and has not been counted in the votes for and against a
resolution.

 Ordinary Resolutions  For         Against     Withheld
 1                     40,066,566  0           0
 2                     39,984,794  81,772      0
 3                     20,072,952  19,993,614  0
 4                     34,653,112  5,413,454   0
 5                     33,080,644  6,985,922   0
 6                     40,066,566  0           0
 7                     33,080,644  6,985,922   0
 8                     40,066,566  0           0
 9                     40,066,566  0           0

 

The Board said that while disappointing, the votes against the Chairman were
understandable both from the point of view of good governance and because of
the failure to realise assets, and thus return capital, more speedily. The
Chairman would like to take this opportunity to thank his fellow shareholders
for their prior forbearance.

 

The Board had already been debating whether it could continue to add value for
shareholders and now intends to discuss with the Investment Manager and other
advisors the timing for bringing forward liquidation proposals in light of
current sale negotiations on three of the four remaining assets.

 

 

Legal Identity Identifier (LEI): YRFO7WKOU3V511VFX790

 

Enquiries:

 

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

 

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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