The Board of Directors of NB Distressed Debt Investment Fund Limited announced USD 5.0 million in further capital distributions for the Extended Life ("NBDX") Share Class. The Company has resolved to make a capital distribution totaling (before expenses) USD 5 million to NBDX shareholders (equivalent to approximately USD 0.0438 per NBDX share) by way of a compulsory partial redemption of NBDX shares at a price equal to USD 0.9176 per NBDX share (being the last published NAV per NBDX share prior to this announcement). The amount applied to the partial redemption of NBDX shares will be after the deduction of costs and expenses of this partial redemption, expected to be approximately USD 8,000.