Nb Distressed Debt Inves... Share Discussion Threads

[skyship] 01/11/2016 07:49

Qtly portfolio update out today. Not much in there really; though they say still at 14.6% CASH, though hoping to be fully invested by end Mar'17 for the start of the Harvesting Period. I hope they fail that particular objective!

[skyship] 28/10/2016 13:52

1.02p certainly isn't a lot; but useful nevertheless:
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28 October 2016

NB Distressed Debt Investment Fund Limited - Income Distribution

The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0793 per Ordinary Share, $0.0332 per Extended Life Share and GBP0.0102 per New Global Share (collectively the "Share Classes") to be payable on 20 December 2016 to shareholders on the register of the Share Classes as at the close of business on 11 November 2016.

The Board has declared the dividends in accordance with the Company's distribution policy, as set out in the Company's Prospectuses for each applicable Share Class and the Articles of Incorporation, which requires that all income from the Company's Share Classes be distributed after deducting reasonable expenses, subject to the solvency test prescribed by Guernsey law. The exact amount and timing of any future income distributions may vary depending on the amounts of income received by the Company less relevant expenses.

The dividend timetable is set out below:


Ex-dividend date 10 November 2016
Dividend record date 11 November 2016
Dividend payment date 20 December 2016

[tiltonboy] 28/10/2016 12:53

I wasn't expecting any cash dividends!

[skyship] 27/10/2016 09:59

Onward & upward:
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26 Oct 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 25 Oct 2016:

Extended Life Share USD 1.0380
Ordinary Share USD 1.1382
New Global Share GBP 0.9375

[skyship] 24/10/2016 07:45

$Sterling bounced a bit; but happily the NAV rose:
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21 Oct 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 20 Oct 2016:

Extended Life Share USD 1.0407
Ordinary Share USD 1.1476
New Global Share GBP 0.9267

[tiltonboy] 14/10/2016 16:32

Bought a few lots today!

[badtime] 14/10/2016 16:10

Still a buyer Tilts?

[skyship] 12/10/2016 07:51

10th OCT: NAV = 91.62p, so at 75p the discount = 18.14%

[actofwill] 07/10/2016 08:51

Thanks SKYSHIP will have a go at it

[skyship] 07/10/2016 06:57

AOL - You need to read the quarterly Portfolio Updates and look at the history of the two other equity classses - NBDD & NBDX.

[actofwill] 06/10/2016 19:21

Hi SKYSHIP

how do you get comfortable here that the NAV estimate is reflective of actual value on this one?

[skyship] 06/10/2016 18:27

Heading for 80p+


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[skyship] 06/10/2016 18:18

Whoops - thnx - quite right: 90p
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06 Oct 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 05 Oct 2016:

Extended Life Share USD 1.0407
Ordinary Share USD 1.1477
New Global Share GBP 0.8989

[tiltonboy] 06/10/2016 16:28

SKY,

I think you mean approaching 90p!

I've been picking a few up, which has pushed them better, and just seen the first noticeable offer (50k)for a few days.

[skyship] 06/10/2016 14:59

The company bought-in a few NBDX yesterday, but obviously couldn't get any NBDG.

Not surprising to see the share price moving North again as the NAV now approaching 80p!

[skyship] 05/10/2016 07:43

The relentless slump in £Sterling sees the discount rise to 18.5% at 73p:
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04 Oct 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 03 Oct 2016:

Extended Life Share USD 1.0409
Ordinary Share USD 1.1462
New Global Share GBP 0.8952

[skyship] 21/9/2016 18:26

...so now at a 17% discount again!

[tiltonboy] 21/9/2016 18:08

Weakness of £ now sees NAV at 88p.

[eeza] 13/9/2016 08:04

The Company announces that pursuant to the general authority granted by shareholders of the Company on 24 August 2016 to make market purchases of its own New Global ordinary share capital ("New Global Shares") it repurchased 50,000 New Global Shares at a price of 72.50 pence per New Global Share, to be held in treasury, on 12 September 2016. This represents approximately 0.045 per cent of the Company's current issued New Global Shares.



Following this transaction, the Company has 110,785,785 New Global Shares in issue of which 8,767,500 are held in treasury.

[tiltonboy] 08/9/2016 23:29

SKYSHIP,

There are more on offer; they have just limited themselves to how many they buy!

[skyship] 08/9/2016 18:33

NAV back up to 85p, so the buybacks at 72.5p are being conducted at a 14.7% discount.....and they're not managing to get many!

[courant] 06/9/2016 11:10

Interesting read: hxxps://www.bondvigilantes.com/blog/2016/09/06/mind-gap-record-low-recovery-rates-mean-high-yield-investors/