NEW
YORK, July 31, 2023 /PRNewswire/ -- Neuberger
Berman Real Estate Securities Income Fund Inc. (NYSE American:
NRO) (the "Fund") has announced a distribution declaration of
$0.0312 per share of common stock.
The distribution announced today is payable on August 31, 2023, has a record date of
August 15, 2023 and has an ex-date of
August 14, 2023.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.0312 per share of
common stock, unless further action is taken to determine another
amount. 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 of only net investment income. 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, availability of capital gains, the amount of
leverage employed by the Fund, the cost of leverage and the level
of other Fund fees and expenses.
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 2023 will be made
after the end of the year.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds—on
behalf of institutions, advisors and individual investors globally.
Neuberger Berman's investment philosophy is founded on active
management, engaged ownership and fundamental research, including
industry-leading research into material environmental, social and
governance factors. Neuberger Berman is a PRI Leader, a designation
awarded to fewer than 1% of investment firms. With offices in 26
countries, the firm's diverse team has over 2,750 professionals.
For nine consecutive years, Neuberger Berman has been named first
or second in Pensions & Investments Best Places to Work in
Money Management survey (among those with 1,000 employees or more).
The firm manages $443 billion in
client assets as of June 30, 2023.
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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