Neuberger Berman Real Estate Securities Income Fund Announces Monthly Distribution

Rhea-AI Summary

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) has declared a monthly distribution of $0.0312 per share, payable on June 30, 2021. The record date for this distribution is June 15, 2021, and the ex-date is June 14, 2021. The Fund plans to maintain this distribution rate, depending on income stability from its investments and other factors. Distributions may include net investment income, capital gains, and return of capital. Neuberger Berman manages $402 billion in client assets as of March 31, 2021.

Positive

• Monthly distribution of $0.0312 per share expected to be maintained.
• Fund manages $402 billion in client assets as of March 31, 2021.

Negative

• There is no assurance of maintaining the distribution at the announced amount.
• Factors influencing distributions include market conditions and leverage costs.

NEW YORK, May 28, 2021 /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 June 30, 2021, has a record date of June 15, 2021 and has an ex-date of June 14, 2021.

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 expenses.

The distribution announced today, as well as future distributions, may consist of net investment income, 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 2021 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 25 countries, Neuberger Berman's diverse team has over 2,300 professionals. For seven 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). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $402 billion in client assets as of March 31, 2021. 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 recent distribution declared by NRO?

Neuberger Berman Real Estate Securities Income Fund declared a distribution of $0.0312 per share.

When is the NRO distribution payable?

The distribution is payable on June 30, 2021.

What are the record and ex-dates for NRO's distribution?

The record date is June 15, 2021, and the ex-date is June 14, 2021.

How much does NRO manage in client assets?

Neuberger Berman manages $402 billion in client assets as of March 31, 2021.

What factors affect NRO's distribution payments?

Distribution payments depend on income stability, market conditions, and leverage costs.