NB Distressed Debt Investment Fund Ltd -Guernsey-incorporated closed-ended fund invests in distressed, stressed and special situations investments, with a focus on senior debt backed by hard assets - Announces a USD3.4 million return in Extended Life share class. Says return follows sale of Mashantucket Pequot loan. Adds return is equal to USD0.065 per Extended Life share. Says amount applied to the partial redemption of Extended Life shares will around USD8,000 after deduction of costs and expenses.
Current stock price: 36.00 pence, trading flat on Friday
12-month change: down 7.7%
By Sabrina Penty, Alliance News reporter
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Nb Distressed (NBDD)