NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced a monthly distribution of $0.0905 per share, payable on June 28, 2024, with a record date of June 17, 2024, and an ex-date of June 17, 2024.

The Fund aims to maintain regular monthly distributions of $0.0905 per share, contingent on market conditions, income stability from investments, leverage costs, and other expenses. Distributions may include net investment income, capital gains, and return of capital.

The Fund will provide notices for distributions that do not solely consist of net investment income, adhering to Section 19 of the Investment Company Act of 1940. These notices are informational and not for tax reporting, with final determinations made at year-end.

Positive

• Monthly distribution of $0.0905 per share provides predictable income to shareholders.
• Commitment to regular monthly distributions indicates stability and potential reliability.
• Distributions can include various sources like net investment income and capital gains, offering flexibility.

Negative

• Market conditions and investment income instability may affect the Fund's ability to maintain current distribution rates.
• No assurance that the Fund will always pay distributions or that they will consist solely of net investment income.
• Distributions may include return of capital, impacting the Fund's net asset value and potentially tax implications.

NEW YORK, May 31, 2024 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") has announced a distribution declaration of $0.0905 per share of common stock. The distribution announced today is payable on June 28, 2024, has a record date of June 17, 2024, and has an ex-date of June 17, 2024.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0905 per share of common stock, unless further action is taken to determine another amount. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, the cost of leverage and the level of other Fund fees and expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist only of net investment income.

Due to an effort to maintain a stable distribution amount, the distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2024 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $474 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. UNPRI named the firm a Leader, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2024.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:                                                                                  
Neuberger Berman Investment Advisers LLC                                                   
Investor Information
(877) 461-1899

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SOURCE Neuberger Berman

FAQ

What is the distribution amount announced by Neuberger Berman High Yield Strategies Fund for June 2024?

The Fund announced a distribution of $0.0905 per share for June 2024.

When is the payout date for the NHS June 2024 distribution?

The payout date for the June 2024 distribution is June 28, 2024.

What are the record and ex-dates for the NHS June 2024 distribution?

The record and ex-dates for the June 2024 distribution are both June 17, 2024.

Will the NHS distribution always be the same amount each month?

The Fund aims to maintain a regular monthly distribution of $0.0905 per share, but this is subject to market conditions and other factors.

What factors could impact NHS's ability to maintain its distribution rate?

Factors include the stability of investment income, leverage costs, and Fund fees and expenses.

What is included in the NHS distribution?

Distributions may consist of net investment income, net realized capital gains, and return of capital.

What happens if the NHS distribution includes more than just net investment income?

A notice will be provided for informational purposes, detailing the estimated portions of the distribution.

Is the informational notice about NHS distributions used for tax reporting?

No, the informational notice is not for tax reporting purposes. The final determination of the source and tax characteristics will be made after year-end.