NB Global Monthly Income Fund Ltd Intention to hold Tender Offer (4477N)
01 Giugno 2022 - 8:00AM
UK Regulatory
TIDMNBMI
RNS Number : 4477N
NB Global Monthly Income Fund Ltd
01 June 2022
1 June 2022
NB Global Monthly Income Fund Limited
(the "Company")
Intention to hold a tender offer under the cash exit
facility
The Board announces that it intends to exercise its discretion
to implement the first tender offer under the Cash Exit Facility
described in the shareholder circular published by the Company on
17 August 2020 (the "Circular") and approved by Shareholders at the
EGM of the Company held on 8 September 2020.
As stated in the Circular, "pursuant to the Cash Exit Facility,
the Company may, at the Board's absolute discretion, offer to
eligible Shareholders the opportunity to tender up to 25 per cent.
of their holdings (a "Cash Exit Facility Offer") at a price equal
to the prevailing Net Asset Value per Share, less two per cent. If
the Board resolves to exercise its discretion (as they expect to do
if the Company is trading at a discount to NAV per Ordinary Share
of greater than 2 per cent. as at the date of any Cash Exit
Facility Offer), the first Cash Exit Facility Offer is expected to
close on 30 June 2022." The Board have monitored the discount
through the month of May and given the discount believe that it is
appropriate to implement the first Cash Exit Facility Offer.
Further details and the terms and conditions applicable to the
Cash Exit Facility Offer will be contained in a Shareholder
circular which is expected to be published on or around 16 June
2022.
Enquiries:
Neuberger Berman Europe Limited (Manager)
Elizabeth Papadopoulos +44 (0) 20 3214 9078
Numis Securities Limited (Broker)
Hugh Jonathan
Matt Goss +44 (0) 20 7260 1000
KL Communications (PR)
Charles Gorman +44 (0) 20 7995 6673
Sanne Fund Services (Guernsey) Limited
(Company Secretary)
Matt Falla/Gemma Woods +44 (0) 1481 737 600
LEI: 549300P4FSBHZFALLG04
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END
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