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NB Distressed Debt has 3 classes of share - ordinary, Extended Life and New Global shares.
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Performance
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Data as at: 17/04/2024
In
Objective
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.
AIC sector
Management group
Neuberger Berman Europe
Company website
Launch date
09/04/2013
December
Domicile
Guernsey
Fund manager
Michael Holmberg, Brendan McDermott, Ravi Soni
Dividend frequency
Annually
Wind-up provisions
The Investment Manager is committed to realising the investments in a timely manner and winding down the share class as soon as practicable. The Companies current expectation is to wind down the share class in 2024, assuming supportive market conditions. The company will continue to update investors as they gain clarity on the realisations.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 23.00 | 46.97 | 0.52 | 1.06 | -51.03 | 0 | 0.79 | Nov | 0.99 (31/12/2022) |
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Note
Dividends
Dividends declared in last 12 months
There have been no dividends in the last 12 months.
Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| NB Distressed Debt Extended Life shares | Share price total return | -4.6 | 25.1 | -29.6 | -50.1 |
| Debt - Loans & Bonds AIC sector | Share price total return | 11.7 | 11.8 | 11.7 | 7.3 |
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Share structure
Number of shares
44,234,790
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 42 | 12,390 | 1,770,089 | 29,959,647 |
| Average | N/A | 541 | 6,751 | 23,367 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.00 | 0.01 | 1.00 | 18.00 |
| Average | N/A | 0.00 | 0.00 | 0.01 |
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Trading details
Top holdings
Data as at : 30/06/2022
| Investment | % of total assets |
|---|---|
| Dumas Shipping Tl B 15.00% 31/08/2022 | 13.7 |
| Package Holdings 1 | 8.7 |
| Ab Zwolle T/L Eur 31/05/2023 Frn2 | 8.6 |
| White Energy Holding Company Llc | 7.5 |
| Us Treasury N/B 1.500% 15/02/2030 | 6.3 |
| Buffalo Thunder Dev Auth 11.00% 12/09/22 Sr: Regs | 6.1 |
| Other Assets | 5.5 |
| Buffalo Thunder Dev Auth 11.00% 12/09/22 Sr: Tp Ferro Concesionaria T/L 1l | 3.1 |
| Hotel Puerta America Pik Tl Eur 7.25% 09/01/2027 | 3.0 |
| Aca Fin Guaranty Corp 12-31/12/2022 Frn | 2.7 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
