25th Nov 2022 14:32
NB Global Monthly Income Fund Ltd - invests in traditional credit, such as bonds and loans, and in alternative credit, such as distressed credit, collateralised loan obligations, mezzanine debt, and club loan transactions - On Monday says it plans to wind down company as net asset value is likely to fall below GBP150 million due to December cash exit. "As previously announced in September 2020 when the semi-annual cash exit facility was introduced, the board stated that it intended to propose a wind-down of the company should its net asset value drop beneath GBP150 million in the future," NB Global explains. Further, the company decides against implementing a semi-annual cash exit facility in December, as that would let the NAV fall below GBP150 million. Read More
