NB Global Floating Rate General Information

Description

NB Global Monthly Income Fund Ltd is a closed-ended investment company. Its investment objective is to provide its shareholders with consistent levels of monthly income while maintaining or increasing the Net Asset Value (NAV) per share over time. To achieve its investment objective, the company will invest in credit assets with the following target portfolio allocations: 50-70% in traditional credit, meaning high yield bonds, floating-rate loans, and investment-grade corporate bonds; and 30-50% in alternative credit, mezzanine debt, and private corporate loans issued directly to borrowers. Investments in alternative credit will not represent more than 50% of Net Asset Value at the time of investment. It invests in diversified industry sectors.