NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES RIGHTS OFFERING AND SUMMARY OF TERMS

Core Viewpoint - Neuberger High Yield Strategies Fund Inc. has announced the issuance of transferable rights to its common stockholders, allowing them to subscribe for additional shares at a discount to market price, aimed at increasing the Fund's assets to capitalize on investment opportunities [1][2]. Fund Details - The Fund's investment objective is to seek high total return, which includes both income and capital appreciation, by investing at least 80% of its total assets in high yield debt securities [8][9]. - Neuberger Berman Investment Advisers LLC, the Fund's investment adviser, believes it is an opportune time to raise additional assets due to favorable market conditions [3]. Offer Structure - Record Date Stockholders will receive one Right for each share owned, allowing them to purchase one new share for every three Rights held, with a subscription price set at 95% of the average market price on the expiration date [5]. - The Offer is expected to enhance long-term returns, provide stockholders the opportunity to buy shares below market price, and improve the total expense ratio by spreading fixed costs over a larger asset base [4]. Distribution Information - The Fund has declared regular monthly distributions for March and April 2026, which will not apply to shares issued under the Offer, but shares purchased through the Offer will be eligible for the May distribution [3]. Rights Trading - The Rights will be transferable and are expected to be traded on the NYSE American under the symbol "NHS RT" until April 14, 2026, one day before the Offer's expiration [5].