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Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) is a closed-end management investment company managed by Neuberger Berman, a prominent, employee-owned, private investment firm established in 1939. With a presence in 26 countries, the firm boasts over 2,800 professionals dedicated to delivering long-term investment results through active management, fundamental research, and engaged ownership.
The primary objective of the Fund is to invest the majority of its total assets in high yield debt securities, also known as junk bonds, from both U.S. and foreign issuers. This strategy aims to generate high income for its investors while managing the associated risks through diversified holdings.
The Fund has recently announced a series of monthly distributions of $0.0905 per share, adhering to a level distribution policy. These payments, expected to continue subject to market conditions, may consist of net investment income, realized capital gains, and return of capital. The Fund's ability to maintain these distributions depends on various factors, such as income stability from investments, leverage costs, and overall expenses.
Neuberger Berman, the investment manager for the Fund, manages a broad spectrum of strategies, including equity, fixed income, private equity, real estate, and hedge funds, catering to global institutions, advisors, and individual investors. The firm's commitment to environmental, social, and governance (ESG) factors has earned it the distinction of being a PRI Leader, an honor awarded to fewer than 1% of investment firms.
Highlighted for its exemplary workplace culture, Neuberger Berman has been named the top firm in Pensions & Investments' Best Places to Work in Money Management survey for ten consecutive years among firms with over 1,000 employees. As of March 31, 2024, the firm manages $474 billion in client assets.
For more detailed information, investors are encouraged to refer to the official notices and announcements distributed by the Fund, which include estimates of distribution sources and tax characteristics, ensuring transparency and compliance with regulatory requirements.
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.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share of common stock. The distribution is payable on May 28, 2021, with a record date of May 17, 2021, and an ex-date of May 14, 2021. The Fund aims to maintain consistent monthly distributions; however, these may consist of net investment income, realized capital gains, and return of capital. The company's ability to sustain this distribution depends on various factors, including income stability and Fund expenses.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share, payable on April 30, 2021. The record date is April 15, 2021, and the ex-date is April 14, 2021. The Fund plans to maintain this distribution amount, subject to market conditions, with potential components including net investment income, realized capital gains, and return of capital. The Fund's distribution stability depends on factors such as income stability, leverage costs, and expenses.
On February 26, 2021, Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) announced a monthly distribution of $0.0905 per share, payable on March 31, 2021. The record date is March 15, 2021 and the ex-date is March 12, 2021. The Fund aims to maintain this distribution amount regularly, contingent on market conditions and various factors affecting income from investments. Distributions may include net investment income, realized capital gains, and return of capital. The company manages $405 billion in client assets as of December 31, 2020.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on February 26, 2021, with a record date of February 16, 2021 and an ex-date of February 12, 2021.
The Fund aims to maintain stable monthly distributions, dependent on various factors including investment income and expenses. Future distributions may consist of net investment income, realized capital gains, and return of capital. The final tax characteristics will be determined post-2021.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share, payable on January 29, 2021. The record date is January 15, 2021, with an ex-date of January 14, 2021. The Fund aims for stable monthly distributions, which may include net investment income, capital gains, and return of capital, contingent on market conditions. Neuberger Berman manages $374 billion in assets as of September 30, 2020, and has received high recognition for its ESG practices.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced the final results of its oversubscribed tender offer, purchasing 25% of its outstanding shares at 96% of the net asset value (NAV) of $12.53, priced at $12.03 per share. A total of 6,666,834 shares were tendered, with 4,885,146 shares accepted, resulting in a pro-ration factor of 73.28%. Additionally, the Fund reduced its leverage from $125 million to $95.5 million by redeeming Preferred Shares and prepaying Senior Notes.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced the preliminary results of its oversubscribed tender offer, which expired on December 10, 2020. Approximately 6,666,834 shares were tendered. The Fund will purchase shares pro-rata based on the number tendered, adhering to the terms stated in the Offer to Purchase. Final results will be disclosed later. For inquiries, stockholders can contact AST Fund Solutions. Neuberger Berman manages $374 billion in assets as of September 30, 2020, and has achieved high marks in ESG practices.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on December 31, 2020. The record date is December 15, 2020, with an ex-date of December 14, 2020. The Fund aims to maintain stable distributions, which may include net investment income, realized capital gains, and returns of capital. The Fund's distribution capability depends on various factors including income stability and expenses. Final tax characterizations of 2020 distributions will be determined post-year-end.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) announced a tender offer to purchase up to 25% of its outstanding common stock for cash at 96% of its net asset value, effective December 10, 2020. The tender offer will expire at 5:00 p.m. NY time on the same day unless extended. If valid tenders exceed 25%, purchases will be made on a pro rata basis. Stockholders are advised to review detailed tender offer materials filed with the SEC for important information.
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