NEW YORK,
Sept. 28, 2012 /PRNewswire/ --
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 October 31,
2012, has a record date of October
15, 2012 and has an ex-date of October 11, 2012.
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.
Neuberger Berman is a private, independent,
employee-controlled investment manager. It partners with
institutions, advisors and individuals throughout the world to
customize solutions that address their needs for income, growth and
capital preservation. With more than 1,700 professionals focused
exclusively on asset management, it offers an investment culture of
independent thinking. Founded in 1939, the
company provides solutions across equities, fixed income, hedge
funds and private equity, and had $194
billion in assets under management as of June 30, 2012. For more information, please visit
our website at www.nb.com.
Statements made in this release that look forward in time
involve risks and uncertainties and are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in the Fund's performance, a general downturn in the
economy, competition from other closed-end investment companies,
changes in government policy or regulation, inability of the Fund's
investment adviser to attract or retain key employees, inability of
the Fund to implement its investment strategy, inability of the
Fund to manage rapid expansion and unforeseen costs and other
effects related to legal proceedings or investigations of
governmental and self-regulatory organizations.
Contact:
Neuberger Berman Management LLC
Investor Information
(877) 461-1899
SOURCE Neuberger Berman