NB Global Floating Rate Income Fund Dividend Declaration (0164X)

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RNS Number : 0164X

NB Global Floating Rate Income Fund

06 January 2014

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO

U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

6 January 2014

NB Global Floating Rate Income Fund Limited (the "Company")

Dividend Declaration

The Board of the Company (the "Board") is pleased to announce a dividend of $0.0094 per Dollar ordinary share and GBP0.0094 per Sterling ordinary share for the period 1 October 2013 to 31 December 2013. Dividends in relation to the ordinary shares will be payable on 21 February 2014 to ordinary shareholders (the "Qualifying Ordinary Shareholders") on the register as at close of business on 17 January 2014.

The Board is also pleased to announce a dividend of GBP0.0020 per Sterling C share, covering the period 29 October 2013 to 31 December 2013. Dividends in relation to the C shares will be payable on 7 February 2014 to C shareholders (the "Qualifying C shareholders") on the register as at close of business on 17 January 2014.

The Company intends to pay dividends to shareholders equal to the cash income it receives less its running costs paid in that year, subject to the solvency test prescribed by Guernsey law.

Scrip Dividend Alternative

The Board is pleased to offer a scrip dividend alternative (the "Scrip Dividend Alternative") for this distribution to the Qualifying Ordinary Shareholders who wish to receive additional ordinary shares in lieu of a cash payment. A scrip dividend alternative will not be offered to C shareholders.

A circular will be sent to Qualifying Ordinary Shareholders setting out the detailed terms and conditions of the Scrip Dividend Alternative on or about 22 January 2014. The circular will provide details of the Scrip Dividend Alternative and explain how Qualifying Ordinary Shareholders may elect to receive the Scrip Dividend Alternative instead of cash dividends, along with a scrip dividend election form for Qualifying Ordinary Shareholders to elect for the Scrip Dividend Alternative (the " Form").The Form will need to be completed and returned to Capita Registrars Limited by 7 February 2014 by those Qualifying Ordinary Shareholders who wish to receive shares in lieu of cash.

The dividend timetable is set out below:

 
 Ex-dividend date                            15 January 2014 
------------------------------------------  ----------------- 
 Dividend record date                        17 January 2014 
------------------------------------------  ----------------- 
 Circular posted to shareholders             22 January 2014 
------------------------------------------  ----------------- 
 C shareholders dividend payment date        7 February 2014 
------------------------------------------  ----------------- 
 Last date to elect/revoke scrip elections   7 February 2014 
  for Ordinary Shareholders 
------------------------------------------  ----------------- 
 Ordinary shareholders dividend payment      21 February 2014 
  date/allotment of scrip 
------------------------------------------  -----------------

For further information, please contact:

BNP Paribas Securities Services S.C.A., Guernsey Branch

Sara Bourne

+44 (0)1481 750858

Background Information

The Company is a closed-ended investment company limited by shares incorporated under the laws of Guernsey on 10 March 2011, with registration number 53155. The Company's investment objective is to provide its shareholders with regular dividends, at levels that are sustainable whilst preserving the capital value of its investment portfolio, utilising the investment skills of the Investment Managers. The Company is managed by three experienced portfolio managers backed by an experienced credit team of over 30 investment professionals.

The Company is managed by Neuberger Berman Europe Limited, an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. The Investment Manager has delegated certain of its responsibilities and functions to the sub-investment manager, Neuberger Berman Fixed Income LLC, also an indirect wholly-owned subsidiary of Neuberger Berman Group LLC. To find out more about the Company and Neuberger Berman Group LLC, please visit www.nbgfrif.com.

This document has been prepared by NB Global Floating Rate Income Fund Limited ("NBGFRIF") and is the sole responsibility of NBGFRIF. This document is not intended to be an investment advertisement or sales instrument and does not constitute an offer or an attempt to solicit offers for any securities in NBGFRIF in any jurisdiction. This document was prepared using the financial information available to NBGFRIF prior to the date of this announcement. This information is believed to be accurate but has not been audited by a third party. NBGFRIF does not accept any liability for actions taken on the basis of the information provided herein. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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