NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a distribution of $0.0905 per share of common stock. The distribution is set for payment on April 28, 2023, with a record date of April 17, 2023, and an ex-date of April 14, 2023. The Fund aims to maintain this monthly distribution under its level distribution policy, depending on factors like income stability, leverage costs, and fees. Future distributions may include net investment income, capital gains, and return of capital. Neuberger Berman manages approximately $427 billion in client assets, highlighting their commitment to investment management.

Positive

• Declared distribution of $0.0905 per share indicates ongoing income generation.
• Fund manages $427 billion in client assets, showcasing its financial strength.

Negative

• Distribution sustainability is contingent on market conditions and income stability.
• No guarantee of maintaining distribution amounts as they may vary.

NEW YORK, March 31, 2023 /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 April 28, 2023, has a record date of April 17, 2023 and has an ex-date of April 14, 2023.

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 2023 will be made after the end of the year.

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, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman's diverse team has over 2,600 professionals. For eight 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). Neuberger Berman is a PRI Leader, a designation, since last assessed, that was awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. In the 2021 PRI Assessment, the firm obtained the highest possible scoring for its overarching approach to ESG investment and stewardship, and integration across asset classes. The firm manages $427 billion in client assets as of December 31, 2022. For more information, please visit our website at www.nb.com.

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 declared by NHS?

Neuberger Berman High Yield Strategies Fund Inc. has declared a distribution of $0.0905 per share.

When is the payment date for the NHS distribution?

The distribution payment date is set for April 28, 2023.

What factors affect the sustainability of NHS's distribution?

The sustainability depends on income stability, leverage costs, and Fund fees.

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

The record date is April 17, 2023, and the ex-date is April 14, 2023.

How much does Neuberger Berman manage in client assets?

As of December 31, 2022, Neuberger Berman manages approximately $427 billion in client assets.