NBLU Nb Global Floating Rate Income Fund Limited

 
TIDMNBLU 
 
 
   NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO 
U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR 
JAPAN. 
 
   NB Global Floating Rate Income Fund 
 
   Portfolio Update 
 
   15 February 2016 
 
   The Neuberger Berman Global Floating Rate Income Fund Limited targets 
income generation whilst seeking to preserve investors' capital and give 
protection against rising interest rates. 
 
   The Fund's managers seek to generate this yield by investing in a global 
portfolio of below investment grade senior secured corporate loans with 
selective use of senior secured bonds, diversified by both borrower and 
industry. The Fund is managed by four experienced portfolio Managers 
backed by what we believe to be one of the largest and most experienced 
credit teams in the industry. 
 
   Key statistics, as at 31 January 2016: 
 
 
 
 
NAV                        GBP 92.56 
                           USD 93.28 
Current Portfolio Yield*       5.10% 
Number of Investments            306 
Number of Issuers                224 
 
 
   The Portfolio, as at 31 January 2016 (excluding cash): 
 
 
   -- was split 93.41% USD, 4.66% EUR, 1.93% GBP 
 
   -- had 4.71% allocated to bonds out of the maximum 20% allowable 
 
   -- was invested primarily in B (43.18%) and BBB/BB (48.86%) rated 
      investments1 
 
 
   To access the January 2016 Factsheet, please click here 
http://www.nbgfrif.com/pindex.html . 
 
   The Fund's website can be found at the following address: 
www.nbgfrif.com. 
 
 
   1. Source: Standard & Poor's 
 
 
   *               The Fund's Current Portfolio Yield is a market-value 
weighted average of the current yields of the holdings in the portfolio, 
calculated as the coupon (base rate plus spread) divided by current 
price. The calculation does not take into account any fees, fund 
expenses or sales charges paid, which would reduce the results. The 
Current Yield for the Fund will fluctuate from month to month. The 
Current Yield should be regarded as an estimate of the Fund's rate of 
investment income, and it may not equal the realized distribution rate 
for each share class. You should consult the Fund's prospectus for 
additional information about the Fund's dividends and distributions 
policy. Past performance is no guarantee of future results. 
 
   -ENDS- 
 
   For media and analyst enquiries please contact: 
 
   Neustria Partners 
 
   Nick Henderson/Rob Bailhache/Charles Gorman                 +44 (0)20 
3021 2580 
 
   Background Information 
 
   The Company is a registered closed-ended investment company incorporated 
in Guernsey. It is managed by Neuberger Berman Europe Limited, which has 
delegated certain of its responsibilities and functions to the 
sub-investment manager, Neuberger Berman Fixed Income LLC, both of which 
are indirect wholly owned subsidiaries of Neuberger Berman Group LLC. 
The Company's investment objective is to provide its shareholders with 
regular dividends, at levels that are sustainable, whilst seeking to 
preserve investors' capital and give protection against rising rates. To 
pursue its investment objective, the Company invests mainly in floating 
rate senior secured loans issued in U.S. Dollars, Sterling, and Euros by 
primarily North American and European Union corporations, partnerships 
and other business issuers. 
 
   Neuberger Berman, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages equities, fixed 
income, private equity and hedge fund portfolios for institutions and 
advisors worldwide. With offices in 18 countries, Neuberger Berman's 
team is more than 2,100 professionals and the company was named by 
Pensions & Investments as a 2013 and 2014 Best Place to Work in Money 
Management. Tenured, stable and long-term in focus, the firm fosters an 
investment culture of fundamental research and independent thinking. 
 
   Non-Mainstream Pooled Investments 
 
   The Company confirms that it conducts its affairs, and intends to 
continue to conduct its affairs, so that the Company's shares will be 
excluded securities under these the new rules and will therefore be 
excluded from the FCA's restrictions which apply to non-mainstream 
investment products. 
 
   This document is intended only for the person to whom it has been 
delivered. No part of this document may be reproduced in any manner 
without the written permission of NB Global Floating Rate Income Fund 
Limited ("NBGFRIF"). The securities described in this document may not 
be eligible for sale in some states or countries and it may not be 
suitable for all types of investors. Securities in the fund may not be 
offered or sold directly or indirectly into the United States or to U.S. 
Persons. Prospective investors are advised to seek expert legal, 
financial, tax and other professional advice before making any 
investment decision. The price of investments may fall as well as rise 
and investors may not get back the full amount invested. The target 
yield should not be taken as an indication of the Fund's expected future 
performance or results. The target yield is a target only and there is 
no guarantee that it can or will be achieved and it should not be seen 
as an indication of the Fund's actual or expected return. Statements 
contained herein, including without limitation, statements regarding the 
credit markets, are based on current expectations, estimates, 
projections, opinions and/or beliefs of the managers. Such statements 
involve known and unknown risks, uncertainties and other factors, and 
undue reliance should not be placed thereon. Such statements are 
necessarily speculative in nature, as they are based on certain 
assumptions. It can be expected that some or all of the assumptions 
underlying such statements will not reflect actual conditions. 
Accordingly, there can be no assurance that any projections, forecast or 
estimates will be realized. This document is not intended to be an 
investment advertisement or sales instrument; it constitutes neither an 
offer nor an attempt to solicit offers for the securities described 
herein. This document was prepared using the financial information 
available to NBGFRIF as at the date of this document. This information 
is believed to be accurate but has not been audited by a third party. 
This document describes past performance, which may not be indicative of 
future results. NBGFRIF does not accept any liability for actions taken 
on the basis of the information provided in this document. Neuberger 
Berman is a registered trademark. 
 
   (c) 2015 Neuberger Berman. 
 
   Factsheet: http://hugin.info/166290/R/1985900/728446.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NB GLOBAL FLOATING RATE INCOME FUND LIMITED (USD) via 
Globenewswire 
 
   HUG#1985900 
 
 
  http://www.careygroup.gg/ 
 

(END) Dow Jones Newswires

February 15, 2016 02:00 ET (07:00 GMT)

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