Neuberger Berman Fund Declares New Monthly Distribution Amount
Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has officially named a new monthly distribution amount of $0.0905 per share of its common stock. Shareholders can expect this distribution to be paid out on a future date, with the fund actively maintaining its level distribution policy, which is contingent upon market conditions.
Regular Monthly Distributions
The Fund intends to uphold regular monthly distributions at the announced rate of $0.0905 per share, barring any significant changes necessitated by market circumstances. Key factors contributing to the fund's ability to sustain this distribution level include the stability and quantity of income derived from its diverse range of investments, covering assets funded through leverage, and the accrued fees and expenses associated with managing the fund.
Understanding Distribution Sources
With an aim for consistency in their payouts, future distributions may not only come from net investment income; they can include net realized capital gains and return of capital. Following the Investment Company Act regulations, Neuberger Berman commits to providing a notice should any future distributions contain sources outside the net investment income parameters.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a reputable, employee-owned independent investment management firm, which operates with over 2,800 employees across 26 countries globally. The firm takes pride in managing a vast portfolio worth $481 billion, encompassing equities, fixed income, private equity, real estate, and hedge funds for a wide range of global clients including institutions, advisors, and individuals seeking tailored investment solutions.
Commitment to Excellence
Neuberger Berman's investment philosophy emphasizes active management, thorough fundamental research, and engaged ownership. The firm has distinguished itself by being recognized in the PRI's Leader's Group for excellence in environmental, social, and governance (ESG) practices—a recognition given to fewer than 1% of investment firms. Furthermore, Pensions & Investments has consistently ranked Neuberger Berman among the top two firms to work for in money management over the past decade.
Contact Information
For further inquiries, interested parties can reach out to Neuberger Berman Investment Advisers LLC. Their dedicated Investor Information team can be contacted at (877) 461-1899.
Frequently Asked Questions
What is the distribution amount announced by Neuberger Berman?
The distribution amount declared is $0.0905 per share of common stock.
When can shareholders expect the distribution to be paid?
The distributions are scheduled to be paid on a future date, adhering to the fund's distribution policy.
What impacts the consistency of the fund's distributions?
The stability of the distribution largely depends on the financial performance of the fund's investments and the overall market environment.
What types of sources can future distributions include?
Distributions may consist of net investment income, net realized capital gains, and potentially return of capital.
How can investors get in touch with Neuberger Berman for more information?
Investors can contact Neuberger Berman Investment Advisers LLC directly at (877) 461-1899 for any inquiries they may have.
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