Neuberger Berman Dividend Advantage Fund Announces Amount of Liquidating Distribution
October 30 2009 - 4:27PM
Business Wire
Neuberger Berman Dividend Advantage Fund Inc. (NYSEAmex: NDD)
(the “Fund”) has announced that $10.1945 per share of common stock
is the amount of the liquidating distribution to be paid to common
stockholders of record as of October 26, 2009. As previously
communicated, shares of the Fund’s common stock ceased trading on
the NYSE Amex as of the close of business on October 26, 2009. At
that time, the Fund’s share register books were closed and common
stockholder interests in the Fund’s assets were fixed and became
nontransferable.
If you receive a liquidating distribution, it will be reflected
on your Form 1099-DIV for 2009. Please consult your tax and/or
financial adviser if you have questions concerning the tax
treatment or the timing of your receipt of the liquidating
distribution.
About Neuberger Berman
Neuberger Berman Group LLC is one of the world’s leading,
independent, employee-controlled asset management companies. As of
September 30, 2009, assets under management were approximately $169
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 though
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 manager 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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