NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

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.

Positive

• Regular monthly distribution of $0.0312 per share announced
• Consistent level distribution policy in place

Negative

• No assurance of maintaining current distribution rate
• Distribution may include return of capital, potentially impacting long-term fund value

NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on September 30, 2024, has a record date of September 16, 2024, and has an ex-date of September 15, 2024.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0312 per share of common stock, unless further action is taken to determine another amount. 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 of only net investment income. 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, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund fees and expenses.

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 $481 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 June 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

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SOURCE Neuberger Berman

FAQ

What is the monthly distribution amount for Neuberger Berman Real Estate Securities Income Fund (NRO)?

Neuberger Berman Real Estate Securities Income Fund (NRO) has announced a monthly distribution of $0.0312 per share of common stock.

When is the payment date for NRO's September 2024 distribution?

The distribution is payable on September 30, 2024.

What factors affect NRO's ability to maintain its current distribution rate?

Factors include the stability of income from investments, availability of capital gains, amount of leverage employed, cost of leverage, and level of other Fund fees and expenses.

What may NRO's distributions consist of?

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