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NB Distressed Debt Investment Fund Ltd - fund focused on distressed, stressed and special situation credit, with a focus on senior debt backed by hard assets - Sells remaining commercial mortgage asset at a realised valuation below the investments carrying value. Says the investment consisted of a commercial mortgage in the Netherlands, with sale proceeds totalling €7.8 million. Adds that it consisted of a defaulted term loan expiring May 31 this year, with an interest rate of 4.36%. Notes no impact from the sale on the companies net asset value of the ordinary share class. Adds that following this sale, it does not anticipate making further distributions in respect of any share class prior to the company’s liquidation. Current stock price: 0.54 US cents 12-month change: down 13% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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