Neuberger High Yield Strategies Fund
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NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES RIGHTS OFFERING AND SUMMARY OF TERMS
Prnewswire· 2026-03-12 20:45
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].
NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES EARLY DECLARATION OF REGULAR MONTHLY DISTRIBUTION
Prnewswire· 2026-03-12 20:30
Core Viewpoint - Neuberger High Yield Strategies Fund has announced an early declaration of its regular monthly distribution of $0.0905 per share, payable on April 30, 2026, with a record and ex-date of April 7, 2026 [1]. Distribution Details - The Fund anticipates maintaining regular monthly distributions of $0.0905 per share, subject to market conditions, unless further action is taken to determine another amount [1]. - The distribution may consist of net investment income, net realized capital gains, and return of capital, as part of the Fund's effort to maintain a stable distribution amount [1]. Fund Management and Performance - Neuberger is an employee-owned investment manager founded in 1939, managing approximately $563 billion across various asset classes for global institutions, advisors, and individuals [1]. - The firm emphasizes active management, fundamental research, and engaged ownership in its investment philosophy [1]. - Neuberger has received recognition as the Best Asset Manager for Institutional Investors in the US and the 1 Best Place to Work in Money Management in 2025 [1].
NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION
Prnewswire· 2025-12-31 21:30
Core Viewpoint - Neuberger High Yield Strategies Fund Inc. has declared a distribution of $0.0905 per share, payable on January 30, 2026, with a record date of January 15, 2026, and an ex-date of January 15, 2026 [1] Distribution Policy - The Fund plans to maintain regular monthly distributions of $0.0905 per share, subject to market conditions, unless a different amount is determined [2] - The ability to sustain the current distribution rate depends on factors such as income stability from investments, leverage costs, and other fees and expenses [2] Distribution Composition - Future distributions may include net investment income, net realized capital gains, and return of capital to maintain a stable distribution amount [3] - A notice will be provided for any distribution not solely consisting of net investment income, detailing estimated portions of the distribution [3] Company Overview - Neuberger Berman is an independent investment manager founded in 1939, managing $558 billion across various asset classes for global institutions and individuals [4] - The firm emphasizes active management, fundamental research, and engaged ownership, and has been recognized as a top workplace in the money management sector [4]