NB Global Corporate Income Trust (ASX: NBI) had come forward and made announcement related to the NTA estimates for the month as well as daily by issuing two separate press releases. As per the press release dated January 4, 2019, at the end of January 3, 2019, NTA (or Net Tangible Asset) per unit of NBI happens to be $1.90 which is an unaudited estimate. The company had also provided information related to the monthly estimate as well.
According to another press release dated January 4, 2019, at the end of December 31, 2018, NTA per unit of NBI stood at $1.90 which happens to be an unaudited estimate. Not so long ago, the company had provided information related to the initial public offer. As per the press release containing information about the initial public offer, Neuberger Berman had made an announcement that the IPO was able to garner the capital of over $413 million which happens to surpass minimum raise which was $150 million.
The key executive of Neuberger Berman had stated in the press release that help for NBI clearly demonstrates the interests of the investors with respect to the appealing characteristics related to the global corporate bond market. The key executive also stated that the characteristics related to the diversification as well as income of NB Global Corporate Income Trust along with the capabilities and track record of Neuberger Berman with respect to the global corporate bond’s management happen to be the important reasons for the favourable response which was encountered from the Australians. In the press release, it was also mentioned that Trust would be making the deployments towards the liquid as well as giant companies’ bonds.
We would now be looking at today’s performance of NB Global Corporate Income Trust. The stock ended the day in red, and the stock price got settled at A$1.960 per share which reflects that the stock has fallen A$0.010 per share or 0.508%. The market capitalization of NB Global Corporate Income Trust stood at $407.8 million, and the price of the stock is trading towards the lower level. We would now have a look at the past performance of the stock. Over the time span of previous 3 months, the stock has given the return of -4.37%. However, it had given the return of -1.50% in the period of previous one month.
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