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currently in circulation will be superseded by a new certificate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
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
