NEW YORK, May 31, 2017 /PRNewswire/ -- Neuberger
Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the
"Fund") has announced an increase in its monthly distribution rate
to $0.045 per share of common stock
from the prior monthly distribution rate of $0.04 per share. The Fund has also declared its
next monthly distribution at the new rate, which is payable on
June 30, 2017, has a record date of
June 15, 2017 and has an ex-date of
June 13, 2017. The distribution
rate increase announced today is the latest step in a series of
discount mitigation measures the Fund has undertaken in an ongoing
effort to improve stockholder value.
The Fund's annual distribution per share of common stock is now
$0.54 versus the prior annual amount
of $0.48. The new $0.045 per share monthly distribution represents
an annualized distribution rate of approximately 9.28% per share of
common stock based on the Fund's net asset value of $5.82 per share on May 30,
2017.
The distributions 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 would disclose, among other things, estimated
portions of the distribution, if any, consisting of net investment
income, capital gains and return of capital.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages equities, fixed
income, private equity and hedge fund portfolios for institutions
and advisors worldwide. With offices in 19 countries, Neuberger
Berman's team is approximately 1,900 professionals, as of
May 1, 2017. The company was named
the #1 firm in Pensions & Investments 2016 Best Places
to Work in Money Management survey (among those with 1,000
employees or more). Tenured, stable and long-term in focus, the
firm fosters an investment culture of fundamental research and
independent thinking. It manages $267
billion in client assets as of March
31, 2017. 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