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.
Management group
Launch date
09/06/2010
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 12.15 0.62 0.79 -21.51 0 5.00 Oct 1.22 (31/12/2023)
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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 Share price total return -10.1 -16.8 -27.5 -44.2
Debt - Loans & Bonds AIC sector Share price total return 20.3 22.6 35.0 45.3
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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 0 855,668 1,461,417
Average N/A N/A 3,278 1,124
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total N/A N/A 0.52 0.97
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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Morningstar logo Data provided by Morningstar.

FE fundinfo logo Company documents provided by FE fundinfo.