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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 and mezzanine debt - Announces £20 million return to shareholders by means of a partial compulsory redemption of shares at 79.31 pence each. Explains this was the company’s net asset value per share on Tuesday. The redemption will represent 26% of existing shares. Shareholders back in January approved a plan to realise all company assets and return the proceeds. Since then, there have been three redemptions returning more than £100 million. With this fourth return, a total of 66.7% of NAV as of January has been returned. Current stock price: 72.03p, down 1.1% on Thursday 12-month change: down 10% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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