NEW YORK, Nov. 29, 2019 /PRNewswire/ -- Neuberger
Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO)
(the "Fund") has announced a distribution declaration of
$0.04 per share of common stock. The
distribution announced today is payable on December 31, 2019, has a record date of
December 16, 2019 and has an ex-date
of December 13, 2019.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.04 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 stability of income received from its
investments, availability of capital gains, the cost of leverage
and the level of other Fund expenses.
The distribution 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 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 2019 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 and hedge funds—on behalf of
institutions, advisors and individual investors globally. With
offices in 23 countries, Neuberger Berman's team is more than 2,100
professionals. For five consecutive years, the company 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). Tenured, stable and long-term in focus, the firm has
built a diverse team of individuals united in their commitment to
delivering compelling investment results for our clients over the
long term. That commitment includes active consideration of
environmental, social and governance factors. The firm manages
$339 billion in client assets as of
September 30, 2019. 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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