31 Mar 2023 12:27
31 March 2023
NB Distressed Debt Investment Fund Limited
(the "Company")
Capital Distributions for NBDX Shares and NBDG Shares
The Board of NB Distressed Debt Investment Fund Limited (the "Company") is pleased to announce that a deal to exit a casino and lodgings investment has been approved by the relevant courts. The proceeds from this exit are expected to be approximately $6.4 million for NBDX and £2.6 million for NBDD and are in line with the previously reported NAVs. Once the monies have been received, the Board will distribute surplus cash, after allowing for future costs and contingencies, by way of compulsory redemption of shares and the amount of such distributions will be announced in due course.
LEI: YRFO7WKOU3V511VFX790
For further information, please contact:
KL Communications Charles Gorman
| +44 (0)20 3603 2803 nbdd@kl-communications.com |
Jefferies International Limited Gaudi Le Roux
| +44 (0)20 7029 8000 gleroux@jefferies.com
|
Nb Distressed (NBDD)
Nb Distres Red (NBDG)
Nb Distressed X (NBDX)