NB Global Monthly Income details fourth compulsory redemption in wind-up process

66.7% of NAV distributed to date

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NB Global Monthly Income has detailed its fourth compulsory redemption as it continues plans to realise all assets and wind up the company.

The trust will distribute an aggregate amount of £20m to shareholders by way of a partial compulsory redemption next month. This distribution represents approximately 26.12% of existing shares of registered shareholders as at 11 September 2023, ahead of the redemption date on 26 September. NB Global Monthly Income begins distribution following trust closure It will be effected at 79.31 pence per share, which is equal to the company's net asset value per share, as at 22 August. The number of shares to be redeemed for each investor will be rounded down to the nearest whole number...

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