NEW YORK, Jan. 31, 2020
/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 February 28, 2020, has a record
date of February 18, 2020 and has an
ex-date of February 14, 2020.
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 2020 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.
With offices in 23 countries, Neuberger Berman's diverse team has
2,200 professionals. For six 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). The firm was awarded an A+ in every category in
the latest 2019 PRI report for our approach to ESG integration
across asset classes. The firm manages $356
billion in client assets as of December 31, 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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SOURCE Neuberger Berman