14th Jan 2021 16:25
NB Global Monthly Income Fund Ltd - invests in traditional credit, such as bonds and loans, and in alternative credit, such as distressed credit, collateralized loan obligations, mezzanine debt, and club loan transactions - Says portfolio now fully transitioned to new strategy and investment policy, adopted back in September, with 75% allocation to traditional credit and 25% to alternative credit. This now is delivering a 6.2% portfolio yield. Sets target monthly distribution of 0.39 pence per share, representing a 5.0% yield on net asset value and 5.6% yield on the current share price. Says recently invested in Cineworld Group PLC's recent debt issue with 7.0% cash interest.
Current stock price: 82.90p
Year-to-date change: up 1.6%
By Tom Waite; [email protected]
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