Investment Trusts

NB Distressed Debt New Glb

NBDG:LSE

NB Distressed Debt New Glb

  • Price (GBX)30.00
  • Today's Change0.00 / 0.00%
  • Shares traded17.62k
  • 1 Year change-23.08%
  • Beta--
Data delayed at least 20 minutes, as of May 01 2024 15:28 BST.
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Profile data is unavailable for this security.

About the company

NB Distressed Debt Investment Fund Limited is a Guernsey-based closed-end investment company. The Company's primary objective is 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 by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection. It invests in various sectors, including auto components, building and development, commercial mortgage, containers and packaging, financial intermediaries, lodging and casinos, oil and gas, shipping and surface transport. It invests in various countries, including United States, the Marshall Islands, Luxembourg, Spain and the Netherlands. The Company is managed by Neuberger Berman Europe Limited. The Company’s alternative investment fund manager is Neuberger Berman Investment Advisers LLC.

  • Revenue in USD (TTM)2.90m
  • Net income in USD2.97m
  • Incorporated2010
  • Employees0.00
  • Location
    NB Distressed Debt New Glb1st Floor, Tudor House, Le Bordage,SAINT PETER PORT GY1 1DBGuernseyGGY
  • Phone+44 1 481700300
  • Websitehttps://www.nbddif.com/
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Profile

Management group(s)Neuberger Berman
AIC sectorDebt - Loans & Bonds
ISINGG00BNTXRB08
Launch date04 Mar 2014
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

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 by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection.

Managed by

Michael Holmberg, Brendan McDermott, Ravi Soni

Management & contract fees

Management fee accrues daily, payable monthly in arrears, at a rate of 0.125% per month of the NAV

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