Market Overview

NB Global Corporate Income Trust – Offer Surpasses $360m

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Global investment manager Neuberger Berman today announced that
subscriptions for the Initial Public Offering (the "Offer) for the NB
Global Corporate Income Trust (the "Trust") have exceeded $360 million
since the Offer opened 2 weeks ago.

The Trust, which will be targeting a net distribution of 5.25% per
annum, paid monthly, with the aim of delivering consistent monthly
income ("Target Distribution"), has struck a strong chord with
Australian investors looking for a global and diversified source of
income for their portfolios.

The Trust will invest in the high yield bonds of large and liquid
companies around the world. Its well-diversified portfolio will consist
of around 300 large, global companies, with a strong emphasis on capital
preservation.

Neuberger Berman has committed to paying for all the upfront fees and
costs of the Offer.

Following the close of the General Offer on 7 September, it is
anticipated that the Trust will start trading on the Australian
Securities Exchange (ASX) under ASX code "NBI" on 26 September.

Details of the Offer

The Issuer and Responsible Entity of the Trust is Equity Trustees
Limited ("Responsible Entity"). Neuberger Berman Australia Pty Ltd will
manage the Trust's assets. The Responsible Entity, on behalf of the
Trust, is offering up to 250 million new units in the Trust at $2.00 per
share, to raise $500 million, with the discretion to accept over
subscriptions. The minimum subscription is $150 million.

To participate in the Offer

The Offer is being made under the Trust's product disclosure statement
that was lodged with ASIC on 6 August 2018 (PDS) and is available
on the Trust's website at http://www.nb.com/nbi.
Investors should review the PDS for full details of the terms of the
Offer, including, in particular, the "Overview of the Trust", "Overview
of the Investment Strategy
", "Risk Factors" and "Fees and
Other Costs
" sections of the PDS.

Applications under the General Offer can be made by completing the
application form attached to the PDS or online through the application
form accompanying the electronic PDS. Applicants under the broker firm
Offer should contact their broker for application details.

The Lead Arrangers and Joint Lead Managers for the Offer are NAB, Evans
Dixon, Morgans and Ord Minnett.

Key Dates:

     
Offer Open   20 August 2018
Broker firm Offer close   31 August 2018
General Offer close   7 September 2018
Expected holding statement dispatch   19 September 2018
Expected ASX listing   26 September 2018
 

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and multi-asset
class, private equity and hedge funds—on behalf of institutions,
advisors and individual investors globally. With offices in 20
countries, Neuberger Berman's team is more than 2,000 professionals. For
four consecutive years, the company has been named first or second in
Pensions & Investments Best Places to Work in Money Management survey
(among those with 1,000 employees or more). Tenured, stable and
long-term in focus, the firm fosters an investment culture of
fundamental research and independent thinking. It manages A$411 billion
in client assets as of June 30, 2018. For more information, please visit
our website at www.nb.com.

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