Capital Distribution Update

26 March 2025

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distribution for the Global ("NBDG") Share Class announced on 7 March 2025 and 14 March 2025, the Company has compulsorily redeemed on a pro rata basis 2,373,064 NBDG shares at a price of £0.5111 per NBDG share for cancellation.

Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 8 April 2025. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 8 April 2025.

Following the redemption, the Company has 15,382,770 NBDD, 38,731,819 NBDX and 22,750,376 NBDG Shares in issue. Therefore, the total number of voting rights in the Company is 76,864,965.

The new ISIN GG00BTLMK410 for the NBDG shares, in respect of the remaining shares which have not been redeemed have been enabled and the NBDG shares will commence trading today. 

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Suntera (Guernsey) Limited

Company Secretary

Tel: +44 (0) 1481 700300

Email: NB.Distressed@suntera.com

U.S. Bank Global Fund Services (Guernsey) Limited

Administrator

Tel: +44 (0) 1481 723450

Jefferies International Limited

Financial Adviser and Corporate Broker

Tel: +44 (0)20 7029 8000

Neuberger Berman Europe Limited

Manager

Tel: +44 20 7355 7229

Neuberger Berman Investment Advisers LLC

Alternative Investment Fund Manager

Tel: +1 (312) 325-7700

KL Communications

Tel: +44 (0)20 3603 2803, nbdd@kl-communications.com

NB Distressed Debt Investment Fund Limited

The Company is a closed-ended investment company incorporated and registered in Guernsey on 20 April 2010 with registration number 51774. The Company is governed under the provisions of the Companies (Guernsey) Law, 2008 (as amended) (the "Law"), and the Registered Collective Investment Scheme Rules and Guidance 2021 issued by the Guernsey Financial Services Commission ("GFSC"). It is a non-cellular company limited by shares and has been declared by the GFSC to be a registered closed-ended collective investment scheme. The Company trades on the Specialist Fund Segment ("SFS") of the London Stock Exchange ("LSE"). The Company is a member of the Association of Investment Companies (the "AIC") and is classified within the Debt - Loans & Bonds Category