NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) announced a monthly distribution of $0.0312 per share, payable on March 31, 2023. Shareholders should note the record date is March 15, 2023, and the ex-date is March 14, 2023. The Fund plans to maintain this distribution level, contingent on market conditions and income stability. Distributions may comprise net investment income, capital gains, and return of capital. The Fund's ability to sustain its distribution rate is influenced by various factors, including investment income and leverage costs. Investors will receive a notice for any distributions not based solely on net investment income.

Positive

• Monthly distribution of $0.0312 per share confirmed, indicating ongoing income for shareholders.
• The Fund's commitment to regular distributions reflects a stable income strategy.

Negative

• No assurance that distributions will consistently be paid at current levels.
• Dependency on various factors including market conditions and income stability may impact future distributions.

NEW YORK, Feb. 28, 2023 /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 March 31, 2023, has a record date of March 15, 2023 and has an ex-date of March 14, 2023.

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 2023 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman's diverse team has over 2,600 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Neuberger Berman is a PRI Leader, a designation, since last assessed, that was awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. In the 2021 PRI Assessment, the firm obtained the highest possible scoring for its overarching approach to ESG investment and stewardship, and integration across asset classes. The firm manages $427 billion in client assets as of December 31, 2022. For more information, please visit our website at www.nb.com.

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 distribution amount for NRO in March 2023?

The distribution amount for Neuberger Berman Real Estate Securities Income Fund (NRO) in March 2023 is $0.0312 per share.

When is the ex-date for NRO's March 2023 distribution?

The ex-date for NRO's March 2023 distribution is March 14, 2023.

How often does Neuberger Berman Real Estate Securities Income Fund distribute dividends?

Neuberger Berman Real Estate Securities Income Fund anticipates regular monthly distributions, subject to market conditions.

What factors influence NRO's distribution payments?

NRO's distribution payments are influenced by factors such as income stability, capital gains, leverage costs, and fund expenses.

When will NRO's March 2023 distribution be paid?

NRO's March 2023 distribution is payable on March 31, 2023.