Neuberger Berman Real Estate Securities Income Fund Announces Results of Initial Measurement Period Under its Tender Offer Program
Neuberger Berman Investor Information, 877.461.1899
New York, NY, March 30, 2017 — Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the “Fund”) announced today the results of its initial measurement period under its tender offer program.
For the 12-week measurement period ended March 28, 2017, the Fund’s common stock traded at an average daily discount to net asset value per share of -9.86%. Accordingly, the Fund will not conduct a tender offer. The Fund will announce the dates of the second measurement period under the tender offer program at a later date.
The Fund is a diversified, closed-end management investment company that invests primarily in securities issued by real estate companies, including real estate investment trusts (REITs). The Fund’s primary investment objective is high current income with capital appreciation as a secondary investment objective. The Fund’s investment strategy seeks to develop a portfolio with a broad mix of real estate securities through superior stock selection and property sector allocation.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is more than 1,900 professionals and the company was named by Pensions & Investments as a Best Place to Work in Money Management for four consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $255 billion in client assets as of December 31, 2016. For more information, please visit our website at www.nb.com.