Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution
November 30 2010 - 3:10PM
Business Wire
Neuberger Berman High Yield Strategies Fund Inc. (NYSEAmex: NHS)
has announced a distribution declaration of $0.11 per share of
common stock. The distribution announced today is payable on
December 31, 2010, has a record date of December 15, 2010 and an
ex-date of December 13, 2010.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.11 per share, unless further action is taken to
determine another amount. The Fund’s ability to maintain its
distribution will be dependent on several factors, including the
stability of income received from its investments, the cost of
leverage and the level of other Fund expenses. There is no
assurance that the Fund will always be able to pay a distribution
of any particular rate or that a distribution will consist only of
net investment income.
The distribution declared, 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.
This notice would be for informational purposes, and would
disclose, among other things, estimated portions of the
distributions, if any, consisting of net investment income, capital
gain and return of capital.
Neuberger Berman Group LLC is one of the world’s leading
independent, employee-controlled asset management companies. As of
September 30, 2010, assets under management were approximately $180
billion. Established in 1939, Neuberger Berman is a leader in a
broad range of global investment solutions – equity, fixed income,
and alternatives – to institutions and individuals through
customized separately managed accounts, mutual funds and
alternative investment products. 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 and are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. 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.
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