Added to YB: 2025-04-01
Pitch date: 2025-03-28
NBDG.L [neutral]
NB Distressed Debt Investment Fund Limited
+2.7%
current return
Author Info
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Company Info
NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited.
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Filling in the NBDG hole
NBDG.L (sold): Successful OB25 idea with 43.6% return (33p to 47.38p). 13.38p in dividends/redemptions. Now 34p-40p. Manager sees 17% upside, 16.2% NAV discount. Base/downside cases lower. Assets likely realizable by end 2025. 0-7% potential upside remains. Lodging/Commercial Mortgage up 0.7p/share in 4 months.
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