Neuberger Berman Real Estate Fund Announces Distribution Plan
Neuberger Berman Real Estate Fund Announces Monthly Distribution
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has recently declared a distribution of $0.0312 per share of common stock. This monthly distribution shows the Fund's commitment to its shareholders.
Details of the Distribution Announcement
The declared distribution of $0.0312 per common share is planned to be paid out on October 31, 2024. The record date for this distribution is October 15, 2024, and the shares will go ex on the same day. This consistent payout illustrates the Fund's level distribution policy, which aims to deliver regular monthly payouts depending on prevailing market conditions.
Understanding the Distribution Policy
Under this distribution policy, the Fund anticipates continuing its regular monthly distributions unless an adjustment in amount is warranted. It’s important to note that a consistent distribution of a specific sum is not guaranteed, as market dynamics may require fluctuations. The sustainability of the distribution hinges on various factors, including investment income stability, potential capital gains, and the overall expense management.
Composition of Future Distributions
Future distributions, including the currently announced one, may comprise net investment income, net realized capital gains, and potentially, a return of capital. In accordance with the Investment Company Act, any distribution incorporating elements outside net investment income will be duly communicated to the shareholders, providing transparency in reporting to help them understand the distribution's breakdown.
Insights into Neuberger Berman
Established in 1939, Neuberger Berman stands out as an employee-owned, private independent investment manager. With a workforce exceeding 2,800 across 26 nations, the firm oversees approximately $481 billion in assets, which encompass equities, fixed income, private equity, real estate, and hedge fund portfolios tailored for institutions, advisors, and individuals worldwide. Neuberger Berman's investment strategy hinges on proactive management, in-depth research, and active ownership.
Recognition and Culture at Neuberger Berman
Neuberger Berman's commitment extends beyond profitability. The firm has achieved recognition from the PRI as part of the Leader's Group, aligning with high standards in environmental, social, and governance practices. Furthermore, it has earned accolades from Pensions & Investments as a top workplace in money management for the past decade, showcasing its dedication to employee welfare and a thriving workplace culture.
Contact Information
For investor inquiries and more information about the Fund, interested parties can reach out to Neuberger Berman Investment Advisers LLC directly at (877) 461-1899.
Frequently Asked Questions
What is the distribution amount declared by Neuberger Berman?
The distribution amount declared is $0.0312 per share of common stock.
When will the distribution payment be made?
The distribution payment is scheduled for October 31, 2024.
What determines the amount of the distribution?
The amount of the distribution is influenced by market conditions, income from investments, and various expenses incurred by the Fund.
Will future distributions be similar to the current one?
While the Fund aims to deliver regular monthly payments, future distributions may vary based on financial and market conditions.
How can investors get more information about the Fund?
Investors can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for more detailed information regarding the Fund.
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