Overview Performance Portfolio Dividends Charges Gearing Research Announcements Management Documents Invest

Data as at: 10/10/2024

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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
Debt - Loans & Bonds
Management group
Neuberger Berman Europe
Company website
NB Distressed Debt website
Launch date
09/06/2010
Financial year end
December
Next AGM date
12/10/2024
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 2025, 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 (%)
9.54 12.08 0.62 0.79 -21.07 0 5.00 Oct 1.28 (31/12/2023)
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Note

NB Distressed Debt has 3 classes of share - ordinary, Extended Life and New Global shares.

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 Share price total return -14.5 -16.8 -28.3 -44.5
Debt - Loans & Bonds AIC sector Share price total return 18.8 17.6 34.0 38.3
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Share structure

Number of shares
15,382,770

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 0 307 860,037 1,508,331
Average N/A 14 3,295 1,141
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total N/A 0.00 0.53 1.01
Average N/A 0.00 0.00 0.00
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Trading details

ISIN TIDM Traded currency Stock exchange
GG00BDFZ6F78 NBDD USD London Stock Exchange - SFS
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FE fundinfo logo Company documents provided by FE fundinfo.