The board of the NB Global Monthly Income fund has published its fifth compulsory redemption, as the trust enters its eleventh month of wind-up proceedings.
Approximately £23.5m will be distributed to shareholders on 13 November 2023 by way of a partial compulsory redemption of shares, with 40.9% of existing shares redeemed at 80.77 pence per share, equalling the net asset value of the trust as of 23 October 2023. NB Global Monthly Income details fourth compulsory redemption in wind-up process After the latest payout, £143.9m will have been distributed to clients, equivalent to approximately 79.8% of NAV as of 27 January 2023, which would exceed the board's previously stated target of distributing 75% of the trust's NAV in cash by end of ...
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