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On 5 March 2025, NB Distressed Debt Investment Fund Limited announced distributions to its NBDX and NBDG share classes totalling $5.3 million from a Surface Transport asset and $1.5 million from an Oil and Gas asset. The Surface Transport distribution represented 7.1% and 20.7% of the NBDX and NBDG share classes' NAV, respectively, and the Oil and Gas distribution represented 2.8% and 2.6% of their NAV, all based on the published NAV at close of business on 27 February 2025. The company stated these distributions had no impact on the latest published NAV of either share class.
| Date | 5 Mar 2025 |
| Time | 07:00:09 |
| Category | Corporate updates |
| ID | 3113Z |
5 March 2025
NB Distressed Debt Investment Fund Limited
("NBDD" or the "Company")
Portfolio Update
The Company is pleased to announce the following updates.
NBDX & NBDG: Surface Transport asset
The Company has received a total of $5.3 million distribution in respect of the exit of a Surface Transport asset which is held in the NBDX and NBDG share classes. The distribution represents 7.1% and 20.7% of the NAV of those share classes, respectively, based on the published NAV at close of business on 27 February 2025.
NBDX & NBDG: Oil and Gas asset sale distribution
Further to the announcement of 31 October 2024, the Company has received further cash distributions in respect an Oil and Gas asset, totalling $1.5million.
The asset is held in the NBDX and NBDG share classes and represents 2.8% and 2.6% of the NAV of those share classes, respectively, based on the published NAV at close of business on 27 February 2025.
These distributions have no impact on the latest published NAV of either share class. Further details, including regarding any related returns of capital, will be provided in due course.
ENDS
LEI: YRFO7WKOU3V511VFX790
For further information, please contact:
|
KL Communications Charles Gorman
|
+44 (0) 20 3882 6644 |
|
Jefferies International Limited |
+44 (0) 20 7029 8000 |