Conversion of C Shares (0873V)
05 Gennaio 2012 - 5:45PM
UK Regulatory
TIDMNBLS TIDMNBCU TIDMNBCS TIDMNBLU
RNS Number : 0873V
NB Global Floating Rate Income Fund
05 January 2012
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO
U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
5 January 2012
NB Global Floating Rate Income Fund Limited (the "Company")
Conversion of C Shares
Further to its announcement dated 29 December 2011, the Company
is pleased to announce the following information in relation to the
conversion of its C Shares.
Conversion Ratio for C Shares
The Net Asset Values attributable to the Ordinary Shares and the
C Shares as at the Calculation Time, being 31 December 2011, were
$0.9396 per Dollar ordinary share, GBP0.9379 per Sterling ordinary
share, $0.9885 per Dollar C share and GBP0.9884 per Sterling C
share. The Net Asset Values have been calculated net of the
dividend attributable to each class of share.
The Conversion Ratio for conversion of the C Shares, as
calculated in accordance with the Company's prospectus dated 7
September 2011 (the "Prospectus"), is 1.05390 Sterling Ordinary
Shares for every one Sterling C Share held, and 1.05199 Dollar
Ordinary shares for every one Dollar C Share held.
On the basis of the Conversion Ratio, a holder of 1,000 Sterling
C Shares will receive 1,053 new Sterling Ordinary Shares upon
Conversion, and a holder of 1,000 Dollar C Shares will received
1,051 new Dollar Ordinary Shares upon Conversion.
Entitlements will be rounded down to the nearest whole
share.
The Ordinary Shares arising on Conversion will rank pari passu
with, and will have the same rights as, the Ordinary Shares of the
Company already in issue.
Further details of the Conversion and rights attaching to the C
Shares are set out in the Prospectus. Terms defined in the
Prospectus have the same meaning in this announcement unless
otherwise defined.
The expected timetable for Conversion is as follows:
Record date for Conversion and 13 January 2012
C Share register closes
--------------------------------- --------------------------------
Conversion time and dealings in 17 January 2012
New Shares commence
--------------------------------- --------------------------------
Crediting of CREST accounts with 17 January 2012
New Shares
--------------------------------- --------------------------------
Share Certificates in respect Week commencing 23 January 2012
of New Shares despatched
--------------------------------- --------------------------------
For further information, please contact:
BNP Paribas Fund Services (Guernsey) Limited
Sara Bourne
+44 (0)1481 750858
www.nbgfrif.com
Background Information
The Company is a closed-ended investment company limited by
shares incorporated under the laws of Guernsey on 10 March 2011,
with registration number 53155. The Company targets an annualised
yield per share in the region of 5% (net of fees and expenses) in
the first full year of investment, plus some capital appreciation,
while seeking to protect investors from rising interest rates. The
Company is managed by three experienced portfolio managers backed
by an experienced credit team of over 30 investment
professionals.
The Company is managed by Neuberger Berman Europe Limited, an
indirect wholly-owned subsidiary of Neuberger Berman Group LLC. The
Investment Manager has delegated certain of its responsibilities
and functions to the sub-investment manager, Neuberger Berman Fixed
Income LLC, also an indirect wholly-owned subsidiary of Neuberger
Berman Group LLC. To find out more about the Company and Neuberger
Berman Group LLC, please visit HYPERLINK "http://www.nbgfrif.com"
www.nbgfrif.com.
This document has been prepared by NB Global Floating Rate
Income Fund Limited ("NBGFRIF") and is the sole responsibility of
NBGFRIF. This document is not intended to be an investment
advertisement or sales instrument and does not constitute an offer
or an attempt to solicit offers for any securities in NBGFRIF in
any jurisdiction. This document was prepared using the financial
information available to NBGFRIF prior to the date of this
announcement. This information is believed to be accurate but has
not been audited by a third party. NBGFRIF does not accept any
liability for actions taken on the basis of the information
provided herein. Prospective investors are advised to seek expert
legal, financial, tax and other professional advice before making
any investment decision.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBKPDKABKDADK
Grafico Azioni NB Global C £ (LSE:NBCS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni NB Global C £ (LSE:NBCS)
Storico
Da Giu 2023 a Giu 2024