NB Glbl FRN Fund Ltd Nb Glbl Fltg Rte Inc: Foreign Exchange Hedging
June 28 2016 - 6:40AM
UK Regulatory
TIDMNBLU
NB Global Floating Rate Income Fund (the "Company")
Foreign Exchange Hedging
28 June 2016
The Company's sterling share class hedges all USD and EUR exposure back
to GBP. In anticipation of currency volatility following the UK
referendum on continued membership of the EU, the Company renewed its
foreign exchange hedges early in June with settlement in September.
Accordingly, the Board does not expect the current volatility in the
foreign exchange markets as a reaction to the UK referendum's result to
impact materially the Company's NAV.
-ENDS-
For media and analyst enquiries please contact:
Neustria Partners
Nick Henderson/Rob Bailhache/Charles Gorman
+44 (0)20 3021 2580
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#2023528
http://www.careygroup.gg/
(END) Dow Jones Newswires
June 28, 2016 07:40 ET (11:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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