• Thu. Feb 22nd, 2024

    Neuberger Berman Real Estate Securities Income Fund Inc. Announces Monthly Distribution

    ByNuala Hafner

    Feb 1, 2024
    Neuberger Berman Real Estate Securities Income Fund Inc. Announces Monthly Distribution

    Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has declared a distribution of $0.0312 per share of common stock. This distribution, which will be payable on February 29, 2024, has a record date of February 15, 2024, and an ex-date of February 14, 2024.

    Under its level distribution policy, the Fund expects to continue making regular monthly distributions, dependent on market conditions. The current distribution rate is $0.0312 per share of common stock, but the Fund may take further action to adjust this amount. It should be noted that the Fund’s ability to maintain this distribution rate will depend on various factors, including the stability and amount of income generated from its investments, availability of capital gains, leverage costs, and other fees and expenses.

    The distribution declared today, as well as future distributions, may consist of net investment income, net realized capital gains, and return of capital. If any distribution does not solely consist of net investment income, a notice will be provided in compliance with Section 19 of the Investment Company Act of 1940, for informational purposes and not for tax reporting. The notice will highlight the estimated portions of the distribution 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 2024 will be made after the end of the year.

    Neuberger Berman, founded in 1939, is an employee-owned, private, independent investment manager operating in 26 countries with 2,800 employees. With $463 billion of equities, fixed income, private equity, real estate, and hedge fund portfolios under management, the firm caters to global institutions, advisors, and individuals. Known for its active management, fundamental research, and engaged ownership, Neuberger Berman has been recognized as a leader in environmental, social, and governance practices.

    While this announcement brings positive news about the Fund’s monthly distribution, it’s important to acknowledge the inherent risks and uncertainties involved in the market. Factors such as a decline in securities markets or the Fund’s performance, an economic downturn, and changes in government policies or regulations can impact investment outcomes. Additionally, the Fund’s ability to implement its investment strategy and manage rapid expansion may present unforeseen costs and challenges.

    For more information about Neuberger Berman, please visit their website at www.nb.com.

    FAQ:

    Q: What is the distribution declared by Neuberger Berman Real Estate Securities Income Fund Inc.?
    A: The Fund has declared a distribution of $0.0312 per share of common stock.

    Q: When will the distribution be payable?
    A: The distribution will be payable on February 29, 2024.

    Q: What is the record date and ex-date for the distribution?
    A: The record date is February 15, 2024, and the ex-date is February 14, 2024.

    Q: Will the Fund continue making regular monthly distributions?
    A: Yes, the Fund expects to continue making regular monthly distributions, dependent on market conditions.

    Q: What factors may affect the Fund’s ability to maintain its distribution rate?
    A: The Fund’s ability to maintain its distribution rate will depend on factors such as the stability and amount of income generated from its investments, availability of capital gains, leverage costs, and other fees and expenses.

    Q: What can the distributions consist of?
    A: The distributions may consist of net investment income, net realized capital gains, and return of capital.

    Q: Will there be a notice provided if the distribution does not solely consist of net investment income?
    A: Yes, a notice will be provided in compliance with Section 19 of the Investment Company Act of 1940, for informational purposes and not for tax reporting.

    Q: When will the determination of the source and tax characteristics of all distributions paid in 2024 be made?
    A: The final determination of the source and tax characteristics of all distributions paid in 2024 will be made after the end of the year.

    Definitions:

    – Neuberger Berman Real Estate Securities Income Fund Inc.: A specific investment fund traded on the NYSE American stock exchange.
    – Distribution: The payment of dividends or income to shareholders or investors of a fund or company.
    – Common stock: Shares of a company that represent ownership and carry voting rights.
    – Record date: The date on which shareholders must own the shares to be eligible for the distribution payment.
    – Ex-date: The date on which a stock begins trading without the right to receive the upcoming distribution payment.
    – Net investment income: The income generated from the investments of the fund minus any expenses.
    – Net realized capital gains: Profits generated from the sale of investments.
    – Return of capital: A distribution of funds to shareholders that includes a portion of their original investment.
    – Investment Company Act of 1940: A U.S. federal law that regulates investment companies.

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