Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share, payable on June 30, 2021. The record date is June 15, 2021 and the ex-date is June 14, 2021. The Fund plans to maintain this distribution level, subject to market conditions, but its ability to do so will depend on stable income, leverage costs, and other expenses. Future distributions may include net investment income, capital gains, and return of capital. No assurance is given regarding the sustainability of distribution amounts.

Positive

• Monthly distribution of $0.0905 per share announced.
• Distribution schedule clearly defined with record and ex-dates.

Negative

• Sustainability of future distributions depends on market conditions and income stability.
• Distributions may include return of capital, not just net investment income.

NEW YORK, May 28, 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 June 30, 2021, has a record date of June 15, 2021 and has an ex-date of June 14, 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 will depend on a number of factors, including the stability of income received from its investments, the cost of leverage and the level of other Fund 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, 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 2,300 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 $402 billion in client assets as of March 31, 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 distribution amount declared by Neuberger Berman High Yield Strategies Fund (NHS)?

Neuberger Berman High Yield Strategies Fund (NHS) declared a monthly distribution of $0.0905 per share.

When is the distribution payable for the Neuberger Berman High Yield Strategies Fund?

The distribution is payable on June 30, 2021.

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

The record date is June 15, 2021, and the ex-date is June 14, 2021.

Is the distribution from the Neuberger Berman High Yield Strategies Fund guaranteed?

No, there is no assurance regarding the sustainability of the distribution amounts.