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Pin to quick picksNb Distressed X Share News (NBDX)

Share Price Information for Nb Distressed X (NBDX)

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Share Price: 0.53
Bid: 0.50
Ask: 0.56
Change: 0.00 (0.00%)
Spread: 0.06 (12.00%)
Open: 0.53
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Low: 0.53
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NB Distressed Debt Extended Life shares is an Investment Trust

To provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk.

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NB Distressed Debt To Make Distributions Across All Share Classes

Fri, 11th May 2018 12:24

LONDON (Alliance News) - NB Distressed Debt Investment Fund Ltd said on Friday it will make a maiden capital distribution for one of its share classes, with further distributions planned for the other two of its share classes.

The New Global Share Class, created in 2014 will make its first capital distribution by returning GBP7.0 million to shareholders by a compulsory redemption of shares at a price of 94.67 pence per share.

For the Extended Life Share Class, NB Distressed Debt has resolved to return USD16.3 million to shareholders through a partial redemption of shares at a price of USD1.07 each.

Also, for the Ordinary Share Class, the company has resolved to return USD3.8 million to shareholders through a partial redemption at a price of USD1.13 per share.

"The board is pleased that NBDG is making its first capital distribution and also to announce further distributions for NBDX and NBDD shareholders. The first quarter of 2018 has been positive with the company's investments generating cash in a variety of ways. We believe the portfolios retain significant value and the Board will continue to update investors as the harvest periods progress and portfolio activity funds further distributions as the company seeks to maximise shareholder value," said Chairman John Hallam.

Shares in NB Distressed Debt Investment Fund were untraded on Friday, last quoted at USD1.01

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9 Feb 2017 08:01

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24 May 2016 16:49

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10 May 2016 08:48

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26 Apr 2016 08:10

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15 Apr 2016 06:47

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6 Apr 2016 09:54

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16 Feb 2016 10:03

NB Distressed Debt Investment Fund Plans Capital Return

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22 Sep 2015 15:19

NB Distressed Debt Chairman Robin Monro-Davies Dies

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17 Aug 2015 09:05

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28 Apr 2015 12:21

NB Distressed Debt Investment Fund Defends Board Independence

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26 Aug 2014 10:28

NB Distressed Debt Investment Fund Makes Three Exits In First Half

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