Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution
Neuberger Berman Management LLC. Investor Information, (877) 461-1899
NEW YORK, March 31, 2014 — Neuberger Berman High Yield Strategies Fund Inc. (NYSE MKT: NHS) has announced a distribution declaration of $0.09 per share of common stock. The distribution announced today is payable on April 30, 2014, has a record date of April 15, 2014 and has an ex-date of April 11, 2014.
Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.09 per share, unless the Board believes that further action is warranted to determine another amount. The Fund’s ability to maintain a stable distribution will depend on several factors, including the stability of income received from its investments, the cost of leverage and the level of other Fund expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular rate or that a distribution will consist only of net investment income.
Due to an effort to maintain a stable distribution amount, the distribution declared, 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. This notice would be for informational purposes, and would disclose, among other things, estimated portions of the distributions, if any, consisting of net investment income, capital gain and return of capital.
About Neuberger Berman
Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutions, advisors and individuals. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $242 billion in client assets (as of December 31, 2013). For more information, please visit our website at www.nb.com.