NB Global Corporate Income Trust to exceed target distribution for FY2021
25 May 2021, Sydney: Global investment manager and manager of the NB Global Corporate Income Trust (ASX:NBI or “the Trust”), Neuberger Berman, today reported that the amount of NBI’s final monthly distribution will result in it exceeding its Target Distribution1 for FY2021.
Despite lower interest rates across global fixed income markets and the significant impact of COVID 19, Head of Intermediary Distribution for Neuberger Berman in Australia, Matt Thompson, was pleased to note that NBI continues to deliver on its investment objective and in exceeding its Target Distribution for FY2021, this will be the third consecutive financial year that NBI has done so.
The amount of the final monthly distribution of its FY2021 Target Distribution will be announced at the end of June and paid in mid July.
Read more...