Capital Distribution Update

RNS Number : 3784X

NB Distressed Debt Invest. Fd. Ltd

28 August 2015

 

28 August 2015

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the further capital distribution for the Ordinary Share Class ("NBDD") and the Extended Life Share Class ("NBDX") announced on 17 August 2015, the Company has compulsorily redeemed on a pro rata basis 5,695,630 NBDD shares at a price of $1.2276 per NBDD share and 15,476,850 NBDX shares at a price of $1.1302 per NBDX share for cancellation. Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been 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 11 September 2015.

Following the redemptions the Company has 55,450,584 NBDD and 304,412,117 NBDX shares in issue.

The new ISIN number GG00BYRKJ926 for the NBDD shares and GG00BYRKJM58 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 28 August 2015. 

For further information, please contact:

Neustria Partners Nick Henderson Robert Bailhache Charles Gorman	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Winterflood Investment Trusts Joe Winkley Neil Langford	[phone]

 

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