NBDD Nb Distressed Debt Investment Fund Limited

TIDMNBDD TIDMNBDX TIDMNBDG

RNS Number : 6101X

NB Distressed Debt Invest. Fd. Ltd

23 February 2017

23 February 2017

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the further capital distribution for the Extended Life Share Class ("NBDX") announced on 9 February 2017, the Company has compulsorily redeemed on a pro rata basis 10,427,294 NBDX shares at a price of $1.0062 per NBDX share for cancellation. Fractions of shares produced by the applicable redemption ratio have not been redeemed and so 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 9 March 2017.

Following the redemptions the Company has 205,136,560 NBDX shares in issue.

The new ISIN number GG00BYP25X61 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 23 February 2017.

For further information, please contact:

 
 Neustria Partners 
  Nick Henderson 
  Robert Bailhache 
  Charles Gorman                   +44 (0)20 3021 2580 
 Stifel Nicolaus Europe Limited 
  Neil Winward 
  Mark Bloomfield 
  Gaudi Le Roux                    +44 (0)20 7710 7600 
 Winterflood Investment Trusts 
  Joe Winkley 
  Neil Langford                    +44 (0)20 3100 0000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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