9th Feb 2017 08:01
LONDON (Alliance News) - NB Distressed Debt Investment Fund Ltd said Thursday it will return USD10.5 million to holders of its extended life share class by way of a compulsory share redemption.
NB Distressed Debt said the shares will be redeemed at a price of USD1.0062 per share, equal to its last published net asset value per share. Approximately 4.8% of the extended life shares will be redeemed.
The redemption will be funded by cash from NB Distressed Debt's portfolio activities.
By Adam Clark; [email protected]
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