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NB Distressed Debt Investment Fund Ltd (NBDX) Ordinary Shares - Extended Life Shares

Sell:$0.49 Buy:$0.55 0 Change: No change
Market closed Prices as at close on 17 May 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:$0.49
Buy:$0.55
Change: No change
Market closed Prices as at close on 17 May 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:$0.49
Buy:$0.55
Change: No change
Market closed Prices as at close on 17 May 2021 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The primary objective is to provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection.

Top 10 holdings currently unavailable.

Sector Weight
Consumer Cyclical 10.11%
Energy 6.49%
Real Estate 5.96%
Basic Materials 5.58%
Industrials 5.26%
Country Weight
United States 31.14%
United Kingdom 6.49%

Fee Structure

The investment manager of the Company, Neuberger Berman Europe Limited NBEL, has offered to waive its entitlement to receive fees from the Company with immediate effect. The Ord, Extended Life and New Global share classes will cease to bear all NBEL fees with immediate effect.

Dividend Policy

The Company will pay out an income distribution by way of dividend, in respect of each share class, all net income received on investments of the Company attributable to such share class. In addition, any capital proceeds attributable to a share class, will be distributed to shareholders of that class pro rata to their respective holdings of the relevant shares.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

Michael Holmberg

Manager Bio

Not currently available for this investment trust.

Board Of Directors

John HallamChairman, Stephen Vakil, Michael Holmberg, Christopher Legge

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.