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NB Global Monthly Income Fund Ltd - invests in traditional credit, such as bonds and loans, and in alternative credit, such as distressed credit, collateralized loan obligations, mezzanine debt, and club loan transactions - Intends to launch cash exit opportunity through a redemption offer, under which shareholders can have up to 25% of shares held redeemed.
The redemption price per share will be equal to the company's net asset value per share, minus 2%.
Once the offer is completed, should the net asset value of the company fall under £150 million, NB Global will propose a wind-up of the company.
Current stock price: 83.37 pence
12-month change: down 5.1%
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