5th Apr 2023 17:54
NB Global Monthly Income Fund Ltd - Guernsey-based closed-ended investment company - reports net asset value at December 31 was 79 pence, reduced from 94p a year prior. Notes in 2022 global credit and government bond markets experienced significant drawdowns as a result of rising interest rates, high inflation, the war in Ukraine, rising recession risk and spiking energy prices. Adds the company's share price total return in 2022 was negative 13.6% per share which was weaker than the NAV total return per share due to a widening in the discount to NAV from 5.6% at the start of the year to 9.6% at the close. Declares annual dividend of dividend 5.74p up from 4.68p in 2021. Intends to move to quarterly dividends from the first quarter of 2023. Read More
