NB Distressed Debt waives management fee on long underperforming trust
With immediate effect
The trust has underperformed across one, three, five and ten years
NB Distressed Debt has waived its full 1.5% management fee across all three share classes, with immediate effect.
Chair John Hallam said the fee waiver "recognises that it is taking longer than expected to fully realise the company's assets due to a number of factors, including the Covid-19 pandemic". Lombard Odier...
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