NEW YORK, July 30, 2021 / PRNewswire / – Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the “Fund”) has a distribution statement of $ 0.0312 per common share. The dividend announced today is payable on August 31, 2021, has a record date of August 16, 2021 and has an ex date from August 13, 2021.
In accordance with its phased distribution policy, the Fund expects to make regular monthly distributions of $ 0.0312 per common share unless further action is taken to determine a different amount. There can be no guarantee that the Fund will always be able to distribute any particular amount or that any distribution will consist only of net investment income. The Fund’s ability to maintain its current payout ratio will depend on a number of factors including the level and stability of the income from its investments, availability of capital gains, the level of leverage used by the Fund, borrowing costs and the level of other Fund fees and expenses.
The dividend announced today, as well as future dividends, may consist of net investment income, net realized capital gains and return on capital. In accordance with Section 19 of the Investment Company Act of 1940, as amended, notice would be given for any distribution other than net investment income. The notice would be for informational and not tax purposes and would disclose, among other things, estimated portions of the dividend, if any, consisting of net investment income, capital gains and return on capital. The final determination of the source and tax characteristics of all distributions paid in 2021 will take place after the end of the year.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a privately owned, independent, employee-owned investment manager. The company manages a range of strategies – including stocks, fixed income, quantitative and multi-asset classes, private equity, real estate and hedge funds – on behalf of institutions, advisors and retail investors worldwide. With branches in 25 countries, Neuberger Berman’s diverse team includes over 2,300 professionals. For seven years in a row, the company was named first or second (among those with 1,000 or more employees) in the Pensions & Investments survey for the best money management employer. In 2020, the PRI named Neuberger Berman a Leader, an award given to less than 1% of investment firms for environmental, social and governance (ESG) excellence. The PRI also awarded Neuberger Berman an A + in every appropriate category for our approach to ESG integration across all asset classes. The company manages $ 433 billion in customer assets June 30, 2021. For more information, please visit our website at www.nb.com.
Statements in this press release that are forward-looking involve risks and uncertainties. These risks and uncertainties include, but are not limited to, the adverse effects of a decline in securities markets or a decline in the performance of the Fund, a general economic downturn, competition from other closed-end investment companies, changes in government policy or regulation, inability of the Fund’s investment advisor to recruit key personnel gain or hold, inability of the Fund to execute its investment strategy, inability of the Fund to handle rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations by government and self-regulatory organizations.
Neuberger Berman Investment Advisers LLC
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SOURCE Neuberger Berman