NEW YORK, July 29, 2016 /PRNewswire/ -- Neuberger Berman
High Yield Strategies Fund Inc. (NYSE MKT: NHS) has announced a
distribution declaration of $0.08 per
share of common stock. The distribution announced today is payable
on August 31, 2016, has a record date
August 15, 2016 and has an ex-date of
August 11, 2016.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.08 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, founded in
1939, is a private, independent, employee-owned investment manager.
The firm manages equities, fixed income, private equity and hedge
fund portfolios for institutions and advisors worldwide. With
offices in 19 countries, Neuberger Berman's team is approximately
2,000 professionals and the company was named by Pensions &
Investments as a Best Place to Work in Money Management
for three consecutive years. Tenured, stable and long-term in
focus, the firm fosters an investment culture of fundamental
research and independent thinking. It manages $246 billion in client assets as of June 30, 2016. 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 Investment Advisers
LLC
Investor Information
(877) 461-1899
Logo -
http://photos.prnewswire.com/prnh/20121010/MM90850LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/neuberger-berman-high-yield-strategies-fund-announces-monthly-distribution-300306449.html
SOURCE Neuberger Berman