Welcome to our dedicated page for Neuberger Berman High Yield Strategies news (Ticker: NHS), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman High Yield Strategies stock.
Overview
Neuberger Berman High Yield Strategies Fund (NHS) is a closed-end investment company dedicated to achieving its objective by strategically investing the majority of its assets in high yield debt securities issued by U.S. and international entities. Operating under the umbrella of Neuberger Berman, an independent, employee-owned investment manager with a rich heritage dating back to 1939, the fund exemplifies a commitment to rigorous, active management and meticulous fundamental research.
Investment Philosophy and Strategy
The fund adheres to a disciplined investment strategy that emphasizes value in riskier segments of the debt market. Through careful selection and continuous monitoring of high yield securities, the management team aims to maintain a balanced portfolio designed to generate stable income. It employs a diversified approach that includes a mix of net investment income, realized capital gains, and a return of capital while striving for consistency in monthly distributions under normal market conditions, even as market dynamics pose challenges associated with credit quality and leverage costs.
Company Background and Market Position
Neuberger Berman, the parent firm, has built a formidable reputation over decades by managing a range of strategies across equities, fixed income, quantitative, multi-asset class investments, private equity, and hedge funds. Its distinctive model as a 100% employee-owned and independent firm fosters a culture of accountability and long-term client commitment. Operating from offices in multiple cities worldwide, it is backed by a large team of investment professionals who leverage comprehensive research to navigate complex market environments.
Operational Excellence and Risk Management
The fund's strategy is underpinned by active management, which involves detailed risk assessment and dynamic portfolio adjustments to mitigate market volatility. The disciplined approach extends to selecting investments with an eye for consistent income generation, balancing yield with associated risks. This methodology is essential to maintain predictable distributions despite market fluctuations, demonstrating a deep understanding of fixed income and credit markets.
Competitive Landscape
Within the competitive sphere of closed-end funds focused on fixed income, Neuberger Berman High Yield Strategies Fund stands apart due to its affiliation with a globally recognized investment manager noted for its active stewardship and in-depth research process. While other firms also offer similar product categories, the fund’s ability to integrate diversified income sources and its commitment to transparency and methodological rigor have contributed to its sustained relevance. The emphasis on risk management and the experienced team behind its strategies further distinguish its market positioning.
Key Considerations
Investors and market researchers seeking to understand the dynamics of high yield debt investments will find that the fund offers a comprehensive mix of income generation and capital appreciation potential. Embedded within its operational framework is an ongoing focus on maintaining disciplined investment practices, a significant factor in its ability to offer stable distributions. Moreover, the fund’s structure as a closed-end vehicle allows for a distinct alignment of interests between the management team and clients, facilitating a long-term perspective in seizing market opportunities.
Conclusion
The enduring reputation of Neuberger Berman as an independent, employee-owned investment manager, combined with the specialized focus of its High Yield Strategies Fund, makes it an intriguing case study in modern fixed income management. Through a combination of active management, fundamental research, and sophisticated risk controls, the Fund remains a vital component of broader diversified portfolios for those looking to secure exposure to high yield debt instruments within a carefully managed investment framework.
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.
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.
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