NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund has declared a monthly distribution of $0.0905 per share of common stock. The distribution will be payable on December 31, 2024, with a record and ex-date of December 16, 2024. Under its level distribution policy, the Fund plans to maintain regular monthly distributions at this amount, subject to market conditions. The distribution may include net investment income, net realized capital gains, and return of capital. The Fund's ability to maintain this rate depends on factors including investment income stability, leverage costs, and Fund expenses.

Positive

• Consistent monthly distribution policy maintained at $0.0905 per share

Negative

• Distribution may include return of capital, which could indicate insufficient earnings to support the payout
• Fund acknowledges uncertainty in maintaining current distribution rate due to market conditions and operating costs

NEW YORK, Nov. 29, 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 December 31, 2024, has a record date of December 16, 2024, and has an ex-date of December 16, 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 $509 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. The PRI identified the firm as part of the Leader's Group, 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 September 30, 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

View original content:https://www.prnewswire.com/news-releases/neuberger-berman-high-yield-strategies-fund-announces-monthly-distribution-302316091.html

SOURCE Neuberger Berman

FAQ

What is the December 2024 distribution amount for Neuberger Berman High Yield Strategies Fund (NHS)?

The December 2024 distribution amount is $0.0905 per share of common stock.

When is the record date for NHS's December 2024 distribution?

The record date for the December 2024 distribution is December 16, 2024.

What are the potential sources of NHS's monthly distributions?

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

When will NHS's December 2024 distribution be paid?

The distribution will be paid on December 31, 2024.