|Bid||2.0600 x 0|
|Ask||2.0700 x 0|
|Day's Range||2.0700 - 2.0800|
|52 Week Range||1.9065 - 2.1200|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.11 (5.24%)|
|1y Target Est||N/A|
Neuberger Berman is pleased to provide a market update on its prospective new offer of units for the NB Global Corporate Income Trust (NBI.AX). The confirmed joint lead managers of the offer are NAB, Morgans, Evans Dixon and Ord Minnett, and the co-managers are Bell Potter, Patersons, Shaw & Partners and Wilsons. Since its inception, NBI has paid distributions totaling 5.25 cents per Unit for the 6 months to 31 March 2019, keeping it firmly on track to achieve its target distribution2 of 5.25% per annum (net of fees and expenses).
Neuberger Berman, manager of the NB Global Corporate Income Trust (NBI.AX), is pleased to announce that NBI’s first half-yearly financial report for the period ending 31 December 2018 is now available and to provide its latest market update. “We continue to see a favourable risk-return profile for high yield corporate bonds.
Neuberger Berman, manager of the newly listed NB Global Corporate Income Trust (“NBI”), is pleased to confirm that NBI has declared its first monthly distribution to investors in line with its investment objective. Head of Asia Pacific for Neuberger Berman, Nick Hoar, noted that the payment of its first monthly distribution puts NBI firmly on track to achieving its Target Distribution1 of 5.25% per annum (net of fees and expenses). “NBI aims to deliver a consistent and stable income stream, paid via monthly distributions, by investing in a diversified portfolio of high yield bonds of global companies.