Nb Global Corporate Income Trust Announces Increase in Distribution Rate
March 13, 2023 at 05:16 pm EDT
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Neuberger Berman Australia Ltd. (Manager), manager for the NB Global Corporate Income Trust (Fund) has announced an increase in the Fund's
monthly distribution to 1.22 cents per unit, effective 1 March 2023, from the prior monthly distribution of 0.711 cents per unit. The new monthly distribution represents an annualised distribution per unit of 14.6 cents versus the prior annualised amount of 8.5 cents, both rounded to one decimal place. This results in a distribution rate of approximately 10.22% of the Fund's ASX unit price and 8.85% of its net tangible assets ("NTA") per unit, as at 1 March 2023. The Manager currently expects that the higher distribution rate will continue until 30 June 2024, at which point the distribution rate will be
reviewed and may be revised. Unitholders have the option of either reinvesting Fund distributions in additional units of the Fund via the distribution reinvestment plan or to receive distributions in cash.
NB Global Corporate Income Trust (the Fund) is an Australia-based company. The Fund invests in corporate debt securities. The Fund's investment objective is to provide consistent and stable monthly income stream; Invests in high yield bonds issued by large, liquid global companies; and capital preservation by focusing on credit quality. The Fund's portfolio includes leisure, healthcare, services, capital goods, media, real estate, telecommunications, gas-distribution, retail, technology and electronics, exploration and production, banking, energy, financial services, automotive, transportation, utility, consumer goods, and steel producers/products. The Fund's investment manager is Neuberger Berman Australia Limited.
NB GLOBAL CORPORATE INCOME TRUST 
