NB Global Floating Rate Declares Fourth Interim Dividend

LONDON (Alliance News) - NB Global Floating Rate Income Fund on Monday declared a 1.08 pence per sterling share fourth interim dividend, which is to be payable at the end of February.

The dividend covers the three month period to December 31 and represents a 37% rise from 0.79p the year before and a 0.9% rise from its 1.07p third quarter dividend.

NB Global Floating Rate also announced a USD0.0111 per US dollar share dividend for its fourth quarter.

NB Global Floating Rate invests about 85% of its portfolio in dollar denominated assets, with about 13% invested in euro denominated assets and about 2.5% in sterling denominated assets.

"The company intends to pay dividends to shareholders equal to cash income it receives less its running costs paid in that year," said NB Global Floating Rate.

Sterling shares in NB Global Floating Rate were down 0.3% at 88.60p on Monday afternoon in London while USD shares were flat at USD0.93.