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NB Global Floating Rate Income Fund Ltd (NBLS) Redeemable Ordinary NPV GBP

Sell:81.70p Buy:82.30p 0 Change: 1.00p (1.23%)
Market closed Prices as at close on 5 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.70p
Buy:82.30p
Change: 1.00p (1.23%)
Market closed Prices as at close on 5 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.70p
Buy:82.30p
Change: 1.00p (1.23%)
Market closed Prices as at close on 5 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
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 investment objective is to provide its shareholders with regular and sustainable dividends whilst maintaining capital growth, invests mainly in floating rate senior secured loans issued in USD, GBP and EUR by primarily North American and European Union corporations, partnerships and other business issuers.

Top 10 holdings currently unavailable.

Sector Weight
Technology 3.02%
Industrials 2.76%
Communication Services 1.83%
Consumer Defensive 1.30%
Healthcare 0.50%
Country Weight
United States 8.15%
Canada 1.26%

Fee Structure

An annual fee of 0.65% for NAV. The contract is terminable on 6 months notice.

Dividend Policy

The company intends to pay regular dividends whilst growing the capital value of its investments portfolio over the long term.The dividend should be paid quarterly by the end of the month following the quarter in respect of which the dividend was declared. Annual dividend should be equal to the cash income less running cost paid.

ASSET SPLIT

Total number of holdings: 447.

Trust Manager

Joseph Lynch

Manager Bio

Joseph Lynch, Managing Director, joined the firm in 2002. Joe is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for Non-Investment Grade Credit and serves on Neuberger Berman’s Investment Risk Committee. Joe was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. Joe earned a BS from the University of Illinois and an MBA from DePaul University.

Board Of Directors

Rupert DoreyChairman, David Staples, Sandra Platts

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'.