(Alliance News) - NB Global Floating Rate Income Fund Ltd on Monday declared a dividend of USD0.0133 per US dollar ordinary share and GBP0.0129 per sterling ordinary share.
The dividend is for the period from June 29 to September 30 and is payable November 22.
"The company intends to pay dividends to shareholders equal to cash income it receives less its running costs paid in the year, subject to the solvency test prescribed by Guernsey law," said NB Global.
NB Global Floating Rate invests about 90% of its portfolio in dollar denominated assets, with the rest in euro and sterling denominated assets. It declared a 2.46 pence sterling class interim dividend and a 2.53 US cents interim payout for its dollar shares for the first half of 2019.
Shares in NB Global Floating Rate closed down 0.1% at 89.90 pence in London on Monday.
By Anna Farley; annafarley@alliancenews.com
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