The NB Global Floating Rate Income Fund Limited (the “Fund”) was a Guernsey incorporated closed-ended investment company. It targeted income generation whilst seeking to preserve investors’ capital and give protection against rising interest rates. NB Global Floating Rate Income’s managers sought to generate this yield by investing in a global portfolio of below investment grade senior secured corporate loans with selective use of senior secured bonds, diversified by both borrower and industry.
The dollar line was merged in with the sterling line and converted into NB Global monthly Income.