NB Distressed Debt Invest. Fd. Ltd Capital Distribution (3891K)
25 Agosto 2023 - 8:00AM
UK Regulatory
TIDMNBDD TIDMNBDX TIDMNBDG
RNS Number : 3891K
NB Distressed Debt Invest. Fd. Ltd
25 August 2023
25 August 2023
NB Distressed Debt Investment Fund Limited
(the "Company")
Capital Distributions of $3.7 million for NBDX Shares
Further to the announcement released on 21 August 2023, the
Board of NB Distressed Debt Investment Fund Limited (the "Company")
is pleased to announce a $3.7 million capital distribution for the
Extended Life ("NBDX") Share Class.
NBDX
The Company has resolved to make a capital distribution
totalling (before expenses) $3.7 million to NBDX shareholders
(equivalent to approximately $0.0786 per NBDX share) by way of a
compulsory partial redemption of NBDX shares at a price equal to
$1.0314 per NBDX share (being the last published NAV per NBDX share
prior to this announcement). The amount applied to the partial
redemption of NBDX shares will be after the deduction of costs and
expenses of this partial redemption, expected to be approximately
$8,000.
Shareholder information
The redemption of the NBDX shares (the "Redemption") will be
effected pro rata to holdings of NBDX shares respectively on the
register at the close of business on 11 September 2023 (the
"Redemption Date"), being the record date for the Redemptions.
Approximately 7.60 per cent of the NBDX 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 of the relevant class 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
25 September 2023. Any certificates currently in circulation will
be superseded by a new certificate which will be distributed to
shareholders by 25 September 2023.
The Company has 47,875,446 NBDX shares in issue as at 25 August
2023. All of the NBDX 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, GG00BRZRVJ00 for the NBDX shares (the
"old ISIN") will expire. The new ISIN will be released shortly.
The new ISIN for the NBDX shares (the "new ISIN") in respect of
the remaining shares which have not been redeemed will be enabled
and available for transactions after 12 September 2023. 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:
KL Communications +44 (0)20 3603 2803
Charles Gorman nbdd@kl-communications.com
Jefferies International Limited +44 (0)20 7029 8000
Gaudi Le Roux gleroux@jefferies.com
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END
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August 25, 2023 02:00 ET (06:00 GMT)
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