The Neuberger Berman Global Floating Rate Income fund is weighing a ‘c’ share issue, Investment Week reports. The board of the $507 million Neuberger Berman trust is proposing to raise additional capital through the issue due to demand from investors to access the trust. Since its launch on the main market of the London Stock Exchange on April 20, the closed-end trust has raised more than double the firm’s initial target of $200 million. The trust buys senior secured bank loans, acting as a hedge against rising interest rates through a floating rate of interest over base rates.

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