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LONDON (Alliance News) - NB Distressed Debt Investment Fund Ltd said on Wednesday is net asset value per share increased in 2017, as it continues looking to maximise value from the realisation of its assets.
The fund's net asset value per ordinary share stood at USD1.11 at the end of 2017, up from USD1.06 on the same day the year before.
The share price as at the end of 2017 was USD1.04, reflecting a discount to net asset value of 6.3%, widened from 3.2% the prior year.
Shares in the fund closed down 0.6% at 78.25 pence on Wednesday.
"Now that the portfolios have completed their respective investment periods, the investment manager's main objective is to maximise the value of the portfolios and return capital to shareholders. In that context, I am pleased to report that the company has been advised that one of its significant debt investments owned across all funds will be repaid in the near future resulting in the receipt of cash substantially equal to the current fair market value of that asset," said Chairman John Hallam.
