Nb Global Corporate Income Trust Reports Earnings Results for the Half Year Ended 31 December 2020
February 25, 2021 at 04:27 pm EST
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Nb Global Corporate Income Trust reported earnings results for the half year ended 31 December 2020. Total investment income was $102,291,000 compared to $43,533,000 a year ago. Operating profit was $98,551,000 compared to $39,763,000 a year ago. Total comprehensive income for the half-year was $98,551,000 or 22.11 cents per basic and diluted unit compared to $39,763,000 or 8.93 cents per basic and diluted unit a year ago.
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 