Nb Distressed Regulatory News (NBDD)

22 April 2020

NB Distressed Debt Investment Fund Limited

(the "Company")

Annual Report and Audited Consolidated Financial Statements

and Notice of Annual General Meeting ("AGM")

The Company announces that it has today posted to shareholders the Annual Report and Audited Consolidated Financial Statements for the year ended 31 December 2019 together with the Notice convening the Company's AGM.

The AGM is intended to be held at the Company's registered office at Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW on 25 June 2020 at 12:30 BST.

The Directors wish to reassure shareholders that the Company has considered the potential for impact on the AGM of the COVID-19 pandemic and restrictive measures in place as at the date of posting this Notice. At the time of writing, "stay at home" measures are in place in Guernsey and it is possible that restrictions around travel, both within and to and from the island, and public gatherings may remain in force on the scheduled date of the AGM, which could mean that it is not practicable to physically convene the AGM at the intended time and venue.

The Board feels it is important to proceed with the AGM, noting that alternative practical arrangements may be required, such as an adjournment and possibly a change of time and venue. The Directors will continue to consider the latest instructions from relevant authorities in conjunction with guidance available from professional and regulatory bodies to ensure the AGM is held in accordance with its statutory requirements and with the Company's Articles.

Copies of the Annual Report and Audited Consolidated Financial Statements and Notice of AGM may be obtained on request from the Company Secretary at the registered office address above.

A copy of the Company's Annual Report and Audited Consolidated Financial Statements (with an opinion provided by KPMG Channel Islands Limited), and the AGM notice are available on the Company's website www.nbddif.com. 

In addition, a second set of the Company's Audited Consolidated Financial Statements have been prepared in accordance with certain rules of the U.S. Securities and Exchange Commission under the U.S. Investment Advisers Act of 1940, as amended (with an opinion provided by KPMG LLP), which are also available on the Company's website.

Enquiries:

Carey Commercial Limited, Company Secretary

Tom Lancaster-King

Tel: +44 (0)1481 737 208