The Board of NB Distressed Debt Investment Fund Limited announced the maiden capital distributions for the Ordinary Share Class and the Extended Life Share Class. The company has resolved to return a total of $48,885,179 to shareholders: $28,000,000 in relation to the NBDD share class (equivalent to approximately $0.2255 per NBDD share); and $20,885,179 in relation to the NBDX share class (equivalent to approximately $0.0593 per NBDX share). The Investment Period for the NBDD share class ended on 10 June 2013, being three years following the IPO of the Company.

As set out in the company's IPO prospectus dated 5 May 2010, following the investment period, the company expects to make capital distributions comprising invested capital and capital gains following investment exits. The company has resolved to return $20,885,179 (equivalent to approximately $0.0593 per NBDX share) to holders of NBDX shares, by way of a compulsory partial redemption of NBDX shares at a price equal to $1.2353 per NBDX share (being the last published NAV per NBDX share prior to this announcement).