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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 (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.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share of common stock, payable on November 30, 2020. The record date is November 16, 2020 and the ex-date is November 13, 2020. This distribution is part of the Fund's level distribution policy, subject to market conditions and the stability of income from investments. Distributions may consist of net investment income, realized capital gains, and return of capital, with final tax character determinations made post-year-end.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced a planned tender offer to repurchase up to 25% of its outstanding shares at 96% of its net asset value per share. The offer is expected to be completed before December 31, 2020. This move follows an agreement with Saba Capital Management, which includes Saba halting its proxy solicitation efforts. Further details will be provided in future announcements, and the fund manages $374 billion in assets as of September 30, 2020.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on October 30, 2020. The record date for this distribution is October 15, 2020, with an ex-date of October 14, 2020. The Fund aims to maintain stable monthly distributions, contingent on income stability and other financial factors. Future distributions may include net investment income, capital gains, and return of capital. The source and tax characteristics of 2020 distributions will be finalized at year-end.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on September 30, 2020. The record date is September 15, 2020, and the ex-date is September 14, 2020. The fund aims to maintain this distribution level, which may derive from net investment income, realized capital gains, or return of capital, depending on market conditions and fund performance. The firm manages $357 billion in client assets as of June 30, 2020.
On August 5, 2020, Neuberger Berman High Yield Strategies Fund Inc. (NHS) announced the successful refinancing of its leverage through a private placement of 7.6 million Mandatory Redeemable Preferred Shares, totaling $95 million. The Fund used the proceeds to prepay Floating Rate Senior Notes and repurchase previously issued preferred stock, maintaining its leverage level. This refinance aims to better position the Fund against market volatility and ensure compliance with asset coverage requirements.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) declared a monthly distribution of $0.0905 per share, payable on August 31, 2020, with a record date of August 17, 2020 and an ex-date of August 14, 2020. The fund aims to maintain regular distributions, contingent on factors such as income stability and fund expenses. Future distributions may consist of net investment income, realized capital gains, or return of capital. The exact tax characteristics of distributions will be clarified by year-end.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on July 31, 2020. The record date for this distribution is July 15, 2020 and the ex-date is July 14, 2020. The Fund aims to maintain this distribution level, subject to market conditions and factors like income stability and expenses. Future distributions may include net investment income, capital gains, or return of capital. There’s no guarantee of continual payments and the source of distributions will be clarified after 2020.
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