Added to YB: 2025-07-16
Pitch date: 2025-07-15
NBDG.L [bullish]
NB Distressed Debt Investment Fund Limited
+18.75%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited.
Show full summary:
Nub Dug NBDG Reincarnation
NBDG.L: Closed-end fund in wind-down trading at 46.7% discount to NAV (31.5p vs 37.8p). Two premium assets remain: Madrid's Puerta America Hotel (315 rooms, €50M-€150M valuation potential) and Commercial Mortgage. 23% of portfolio is cash awaiting tender, likely reducing outstanding shares soon. Wind-down may complete in 2025.
Read full article (2 min)