NEW
YORK, Feb. 29, 2024 /PRNewswire/ -- Neuberger
Berman High Yield Strategies Fund Inc. (NYSE American: NHS)
(the "Fund") has announced a distribution declaration of
$0.0905 per share of common stock.
The distribution announced today is payable on March 28, 2024,
has a record date of March 15, 2024
and has an ex-date of March 14,
2024.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.0905 per share of
common stock, unless further action is taken to determine another
amount. 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, the cost of
leverage and the level of other Fund fees and expenses. 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 only
of net investment income.
Due to an effort to maintain a stable distribution amount, 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 2,800 employees in 26
countries. The firm manages $463
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. UNPRI named the firm a Leader, 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 December 31, 2023.
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