NBDD Nb Distressed Debt Investment Fund Limited

TIDMNBDD TIDMNBDX TIDMNBDG

RNS Number : 9814U

NB Distressed Debt Invest. Fd. Ltd

31 March 2023

31 March 2023

NB Distressed Debt Investment Fund Limited

(the "Company")

Capital Distributions for NBDX Shares and NBDG Shares

The Board of NB Distressed Debt Investment Fund Limited (the "Company") is pleased to announce that a deal to exit a casino and lodgings investment has been approved by the relevant courts. The proceeds from this exit are expected to be approximately $6.4 million for NBDX and GBP2.6 million for NBDD and are in line with the previously reported NAVs. Once the monies have been received, the Board will distribute surplus cash, after allowing for future costs and contingencies, by way of compulsory redemption of shares and the amount of such distributions will be announced in due course.

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

 
 KL Communications                 +44 (0)20 3603 2803 
  Charles Gorman                    nbdd@kl-communications.com 
 Jefferies International Limited   +44 (0)20 7029 8000 
  Gaudi Le Roux                     gleroux@jefferies.com 
 

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March 31, 2023 07:27 ET (11:27 GMT)

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