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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 - Company receives 25.5 million shares in respect to its cash exit offer, equivalent to 10% of shares in issue. Shareholders were allowed to offer up to 25% of their shares to be redeemed. All shares will be received in full at a price of 81.29 pence per share, representing the company's net asset value per share as of Tuesday, less 2%. From Thursday, the company's issued share capital will be 297.8 million shares.
In June, NB Global said that 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: 74.00p
12-month change: down 15%
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