NB Distressed Debt Investment Fund - NBDG Share Forecast, Price & News

NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited. The fund is co-managed by Neuberger Berman Investment Advisers, LLC. It invests in fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in distressed and special situation credit-related investments, including senior and senior secured debt with both collateral and structural protection. The fund focuses on companies with stressed balance sheets, low implied enterprise value, liquidity crisis, proposed mergers, divestiture, or other such corporate events to create its portfolio. It benchmarks the performance of its portfolio against the HFRI Distressed/Restructuring Index. NB Distressed Debt Investment Fund Limited was formed on April 20, 2010 and is domiciled in Guernsey.

NB Distressed Debt Investment Fund Price Performance

NBDG Stock remained flat at GBX 38 ($0.46) during midday trading on Friday. The firm has a fifty day simple moving average of GBX 38.18 and a two-hundred day simple moving average of GBX 38.78. The firm has a market capitalization of £52.08 million and a price-to-earnings ratio of 542.86. NB Distressed Debt Investment Fund has a 1-year low of GBX 36 ($0.43) and a 1-year high of GBX 43 ($0.52).

NB Distressed Debt Investment Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of GBX 0.33 ($0.00) per share. The ex-dividend date was Thursday, June 30th. This represents a dividend yield of 0.85%.