8th Sep 2021 12:02
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 - Net asset value per share rises to GBP0.96 at June 30 from GBP0.94 at December 31, as first half total return climbs to 4.7% from 3.0% in the second half of 2020. Pays dividends monthly at 39 pence per month, making dividends paid in respect of the six-month period worth 4.68p per share, sets annualised dividend yield of 5.4% at June 30.
"Yield levels and spreads in non-investment grade credit are compensating investors for the increasingly benign default outlook," says investor. "The economic recovery continues to play out and we would expect the improving trajectory of growth and pricing power to be supportive of issuer fundamentals."
Current stock price: 90.54 pence
Year-to-date change: up 11%
By Josie O'Brien; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
NBMI.L