7th Jan 2020 16:30
(Alliance News) - NB Global Floating Rate Income Fund Ltd on Tuesday declared a USD0.0105 per USD share and GBP0.0102 per GBP share dividend.
The dividend is for the three months ended December 31 and will be payable February 28. Earlier in 2019, NB Global Floating Rate declared a dividend of USD0.0133 per US dollar ordinary share and GBP0.0129 per sterling ordinary share for the period from June 29 to September 30.
The closed-ended investor said it plans to pay dividends to its shareholders which equal cash income received minus running costs paid in the year. This is subject to a solvency test by law in Guernsey, where the firm is based.
Shares in NB Global Floating Rate were marginally lower at 92.46 pence in London late on Tuesday afternoon.
By Anna Farley; [email protected]
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