27 November 2024
NB Distressed Debt Investment
Fund Limited
Capital Distribution
Update
NB Distressed Debt Investment Fund
Limited (the "Company") announces that, in connection with the
capital distribution for the Extended Life ("NBDX") and Global
("NBDG") Share Classes announced on 8 November 2024, the Company
has compulsorily redeemed on a pro rata basis 5,502,971 NBDX shares
at a price of $0.9980 per NBDX share and 2,698,258 NBDG shares at a
price of £0.5535 per NBDG share for cancellation.
Fractions of shares produced by the
applicable redemption ratios have not been redeemed and therefore
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 10 December 2024. Any certificates
currently in circulation will be superseded by a new certificate
which will be distributed to shareholders by 10 December
2024.
Following the redemption, the
Company has 15,382,770 NBDD, 38,731,819 NBDX and 25,123,440 NBDG
Shares in issue. Therefore, the total number of voting rights in
the Company is 79,238,029.
The new ISINs, GG00BPNZ1C58
for the NBDX shares and GG00BPNZ1D65 for the NBDG
shares, in respect of the remaining shares which have not been
redeemed have been enabled and the NBDX and NBDG shares will
commence trading today.
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