Share Buyback Update - Extended Shares

RNS Number : 5089L

NB Distressed Debt Invest. Fd. Ltd

12 January 2016

 

12 January 2016

NB Distressed Debt Investment Fund Limited

NBDX share buyback update

On 15 December 2015, NB Distressed Debt Investment Fund Limited (the "Company") announced that, in light of challenging market conditions, it was reviewing its buyback programme during which time it did not intend to undertake further market purchases of Extended Life Shares. The Board notes that the discount to net asset value on the Extended Life Shares has widened since this date.

The Company has now concluded its review and the Board announces that it intends to resume market purchases of the Extended Life Shares at its discretion. The Board will continue to monitor the market conditions in the distressed debt sector and intends to use available cash resources to reach a balance between undertaking share buybacks, to address any imbalance between the supply of and demand for such shares, and returning capital at net asset value to all shareholders by way of capital redemptions.

For further information, please contact:

Carey Group Sara Bourne	01481 737245
Stifel Nicolaus Europe Limited Neil Winward Gaudi Le Roux	020 7710 7600
Winterflood Investment Trusts Joe Winkley Neil Langford	020 3100 0000

 

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