The board of the NB Global Monthly Income fund returned just over £23.5m to investors in the latest redemption of the fund’s winding up, which has now been underway for a year.
A total value of about £144m has been returned to inventors since 27 January this year, which is equivalent to approximately 80% of net asset value as of that same date. This latest return of funds are the proceeds of the fifth compulsory redemption, which the board announced last month. NB Global Monthly Income details fifth compulsory redemption in wind-up process A total of 29,143,537 shares were redeemed this time, at a price of 80.8 pence per share for cancellation, which was about 40.9% of the investment company's sterling shares in issue. Fractions of ...
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