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Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) is a closed-end management investment company with a primary goal of achieving high current income, and secondarily, capital appreciation. The fund invests predominantly in securities issued by real estate companies, including Real Estate Investment Trusts (REITs), which span across various sectors such as apartments, data centers, infrastructure REITs, manufactured homes, office spaces, and regional malls.
The Fund is meticulously managed under Neuberger Berman, an employee-owned investment manager founded in 1939. The firm is renowned for its active management and engaged ownership, leveraging comprehensive fundamental research to drive investment decisions. Neuberger Berman's commitment to excellence is reflected in its consistent recognition as one of the top places to work in money management and its designation as a PRI Leader for outstanding environmental, social, and governance (ESG) practices.
Financially, the Fund recently announced a distribution declaration of $0.0312 per share of common stock. This distribution, scheduled for disbursement on various dates, underscores the Fund's aim to provide regular monthly income to its shareholders, though the amount may be subject to market conditions and other influencing factors. The distribution may comprise net investment income, net realized capital gains, and return of capital, with detailed breakdowns provided as necessary under regulatory guidelines.
The team's diverse expertise, spread across 26 countries with over 2,800 professionals, underscores its capability to manage a significant portfolio of client assets—totaling $474 billion as of March 31, 2024. This global presence and vast experience empower Neuberger Berman to deliver robust investment strategies across various asset classes, including equity, fixed income, private equity, real estate, and hedge funds.
For ongoing updates and insights into the Fund’s performance and activities, Neuberger Berman encourages investors to stay informed through regular announcements and detailed reports. The commitment to transparency and investor communication ensures that stakeholders are well-informed about the Fund’s financial health and strategic direction.
Neuberger Berman Real Estate Securities Income Fund has declared a monthly distribution of $0.0312 per share of common stock. The distribution will be payable on December 31, 2024, with a record and ex-date of December 16, 2024. The Fund maintains a level distribution policy, aiming to make regular monthly distributions of the same amount, subject to market conditions. The distributions may include net investment income, net realized capital gains, and return of capital. Final determination of the distribution's tax characteristics will be made at year-end 2024.
Neuberger Berman Real Estate Securities Income Fund has declared a monthly distribution of $0.0312 per share of common stock. The distribution is payable on November 29, 2024, with a record and ex-date of November 15, 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. Final determination of the distribution's tax characteristics will be made at year-end 2024.
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share of common stock. The distribution is payable on October 31, 2024, with a record date and ex-date of October 15, 2024. Under its level distribution policy, the Fund anticipates making regular monthly distributions of this amount, subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors including income stability from investments, capital gains availability, leverage employed, and Fund expenses. Distributions may consist of net investment income, net realized capital gains, and return of capital. A notice would be provided for any distribution not solely consisting of net investment income, as required by regulations.
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share of common stock. The distribution is payable on September 30, 2024, with a record date of September 16, 2024, and an ex-date of September 15, 2024. This aligns with the Fund's level distribution policy, which aims to make regular monthly distributions subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors such as income stability from investments, capital gains availability, leverage employed, and Fund expenses. Distributions may include net investment income, realized capital gains, and return of capital. A notice will be provided for any distribution not solely consisting of net investment income, as required by regulations.
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share of common stock. The distribution is payable on August 30, 2024, with a record date and ex-date of August 15, 2024. This aligns with the Fund's level distribution policy, which aims to make regular monthly distributions subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors such as income stability from investments, capital gains availability, leverage employed, and Fund expenses. Distributions may include net investment income, net realized capital gains, and return of capital. A notice will be provided for any distribution not consisting solely of net investment income, as required by regulations.
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share of common stock, payable on July 31, 2024, with a record date of July 15, 2024. The Fund anticipates making regular monthly distributions of $0.0312 per share, subject to market conditions. The source of these distributions may include net investment income, net realized capital gains, and return of capital. The Fund’s ability to maintain this distribution rate will depend on factors like income stability from investments, capital gains availability, leverage use, and associated costs. Compliance with the Investment Company Act of 1940 mandates that a notice be given for distributions not solely from net investment income, detailing the estimated portions of the distribution sources. Final determination of the source and tax characteristics of all 2024 distributions will be made post-year-end.
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share of common stock, payable on June 28, 2024, to shareholders of record on June 17, 2024. The Fund, following its level distribution policy, aims to pay this amount monthly, pending market conditions. The Fund’s distribution sustainability depends on income stability, capital gains, leverage costs, and other fees. Distributions could include net investment income, capital gains, and return of capital. Notices will be issued for distributions beyond net investment income, detailing the composition for informational purposes, with final tax characteristics determined post-year-end.
The Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has declared a distribution of $0.0312 per share of common stock payable on May 31, 2024. This distribution, following a level distribution policy, may include net investment income, net realized capital gains, and return of capital. The Fund's ability to maintain this rate depends on various factors like income stability, leverage, and expenses.
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