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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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