3 Oct 2014 16:52
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO
U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
3 October 2014
NB Global Floating Rate Income Fund Limited
(the "Company")
Dividend Declaration
The Board of the Company (the "Board") is pleased to announce a dividend of $0.0095 per dollar ordinary share and £0.0095 per sterling ordinary share for the period 1 July 2014 to 30 September 2014. Dividends in relation to the ordinary shares will be payable on 21 November 2014 to ordinary shareholders (the "Qualifying Ordinary Shareholders") on the register as at close of business on 17 October 2014.
The Company intends to pay dividends to shareholders equal to the cash income it receives less its running costs paid in that year, subject to the solvency test prescribed by Guernsey law.
Scrip Dividend Alternative
The Board is pleased to offer a scrip dividend alternative (the "Scrip Dividend Alternative") for this distribution to the Qualifying Ordinary Shareholders who wish to receive additional ordinary shares in lieu of a cash payment.
A circular will be sent to Ordinary Shareholders setting out the detailed terms and conditions of the Scrip Dividend Alternative on or about 22 October 2014. The circular will provide details of the Scrip Dividend Alternative and explain how Qualifying Ordinary Shareholders may elect to receive the Scrip Dividend Alternative instead of cash dividends, along with a scrip dividend election form for Qualifying Ordinary Shareholders to elect for the Scrip Dividend Alternative (the "Form").The Form will need to be completed and returned to Capita Registrars Limited by 7 November 2014 by those Qualifying Ordinary Shareholders who wish to receive shares in lieu of cash.
The dividend timetable is set out below:
Ex-dividend date | 16 October 2014 |
Dividend record date | 17 October 2014 |
Circular posted to shareholders | 22 October 2014 |
Last date to elect/revoke scrip elections for Ordinary Shareholders | 7 November 2014 |
Ordinary shareholders dividend payment date/Allotment of scrip | 21 November 2014 |
For further information, please contact:
BNP Paribas Securities Services S.C.A., Guernsey Branch
Kevin Curtis
+44 (0)1481 750858
Background Information
The Company is a closed-ended investment company limited by shares incorporated under the laws of Guernsey on 10 March 2011, with registration number 53155. The Company's investment objective is to provide its shareholders with regular dividends, at levels that are sustainable whilst preserving the capital value of its investment portfolio, utilising the investment skills of the Investment Managers. The Company is managed by four experienced portfolio managers backed by an experienced credit team of over 30 investment professionals.
The Company is managed by Neuberger Berman Europe Limited, an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. The Investment Manager has delegated certain of its responsibilities and functions to the sub-investment manager, Neuberger Berman Fixed Income LLC, also an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. To find out more about the Company and Neuberger Berman Group LLC, please visit www.nbgfrif.com.
This document has been prepared by NB Global Floating Rate Income Fund Limited ("NBGFRIF") and is the sole responsibility of NBGFRIF. This document is not intended to be an investment advertisement or sales instrument and does not constitute an offer or an attempt to solicit offers for any securities in NBGFRIF in any jurisdiction. This document was prepared using the financial information available to NBGFRIF prior to the date of this announcement. This information is believed to be accurate but has not been audited by a third party. NBGFRIF does not accept any liability for actions taken on the basis of the information provided herein. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.
ENDS