NB Global Monthly Income Fund Ltd Correction to Scaling Ratio (0640A)

TIDMNBMI

RNS Number : 0640A

NB Global Monthly Income Fund Ltd

24 September 2020

Terms used and not defined in this announcement shall have the meanings given to them in the Circular published by the Company on 17 August 2020 (the "Circular").

24 September 2020

NB Global Monthly Income Fund Limited

(formerly NB Global Floating Rate Income Fund Limited)

(the "Company")

Correction to Scaling Ratio

Following the Company's announcement on 8 September 2020 notifying of the results of an Extraordinary General Meeting ("EGM"), the Company has identified a discrepancy in the scaling ratio applied to determine Shareholders' entitlement to redeem a percentage of Shares greater than their Basic Entitlement under the terms of the Cash Exit Offer.

The 8 September 2020 announcement stated that registered holders of Shares on the Record Date who validly elected a percentage of Shares greater than the Basic Entitlement will have redeemed their Basic Entitlement in full plus 51.7% of their validly elected Shares in excess of their Basic Entitlement, however, the figure of 51.7% should have instead been stated as 49.2%.

The discrepancy in this scaling ratio does not affect the elections received by Shareholders wishing to redeem their Basic Entitlement, the aggregate number of Shares being redeemed by the Company pursuant to the Cash Exit Offer, or the Redemption Price of 88.05p per Share.

Shareholders participating in the Cash Exit Offer will be contacted through the usual channels to receive confirmation of their revised shareholding(s).

Shareholders participating in the Cash Exit Offer can expect to receive the cash proceeds from the realisation of assets for the purpose of meeting redemption Requests within 10 business days of the Registrar receiving the proceeds of the Company's assets realised pursuant to the Cash Exit Offer, the payment of which is expected to be made shortly.

The Board wishes to apologise for any inconvenience caused by correcting the conversion ratio. Any concerns or queries may be raised through the Company Secretary.

Enquiries:

 
 Neuberger Berman Europe Limited (Manager) 
  Elizabeth Papadopoulos 
 
  Numis Securities Limited (B roker           +44 (0)20 3 214 9078 
  ) 
  Hugh Jonathan 
  Matt Goss                                    +44 (0)20 7260 1000 
 Praxis Fund Services Limited (Company 
  Secretary) 
  Matt Falla 
  Gemma Woods                                 + 44 (0) 1481 737 600

LEI: 549300P4FSBHZFALLG04

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