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 monthly distribution of $0.0905 per share, payable on November 30, 2021. The record date is set for November 15, 2021, with an ex-date of November 12, 2021. The Fund aims to maintain this distribution rate, influenced by its investment income stability, leverage costs, and fees. Future distributions may include net investment income, capital gains, and return of capital. As of September 30, 2021, the Fund manages $437 billion in assets.

Positive

• Declared a steady monthly distribution of $0.0905 per share.
• Manages $437 billion in client assets as of September 30, 2021.

Negative

• Future distributions may consist of return of capital, not just net investment income.
• Reliance on market conditions and income stability for future distributions.

NEW YORK, Oct. 29, 2021 /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 November 30, 2021, has a record date of November 15, 2021 and has an ex-date of November 12, 2021.

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 2021 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 25 countries, Neuberger Berman's diverse team has over 2,400 professionals. For seven 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). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $437 billion in client assets as of September 30, 2021. 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 monthly distribution amount for NHS in November 2021?

The monthly distribution amount for Neuberger Berman High Yield Strategies Fund (NHS) in November 2021 is $0.0905 per share.

When is the ex-date for the November 2021 distribution for NHS?

The ex-date for the November 2021 distribution for NHS is November 12, 2021.

What is the record date for the NHS distribution in November 2021?

The record date for the NHS distribution in November 2021 is November 15, 2021.

How much does Neuberger Berman High Yield Strategies Fund manage as of September 2021?

As of September 30, 2021, Neuberger Berman High Yield Strategies Fund manages $437 billion in client assets.

What factors influence the distribution rate of Neuberger Berman High Yield Strategies Fund?

The distribution rate of Neuberger Berman High Yield Strategies Fund depends on investment income stability, leverage costs, and fund fees.