NEW YORK, April 26, 2019 /PRNewswire/ -- Neuberger
Berman and the Neuberger Berman High Yield Strategies Fund Inc.
(NYSE American: NHS) (the "Fund") are deeply saddened to announce
that Patrick Flynn, Co-Portfolio
Manager of the Fund, passed away unexpectedly the evening of
April 23, 2019. Neuberger Berman and
the Fund's Directors mourn his untimely passing and along with our
colleagues and clients extend our deepest condolences to his loved
ones.
Current Co-Portfolio Managers Thomas P.
O'Reilly, Russ Covode,
Daniel Doyle and Joseph Lind, with an average of 29 years of
industry experience, continue to manage the Fund. Chris
Kocinski, Managing Director, and Steve
Ruh, Senior Vice President, Co-Directors of Non-Investment
Grade Credit Research, who lead a team of 26 research analysts with
an average of 12 years of industry experience, support them.
All of those individuals contribute to Neuberger Berman's
broader Non-Investment Grade Credit team of portfolio managers,
research analysts, portfolio specialists and traders. Other senior
leaders on the team include Managing Directors and Portfolio
Managers Joe Lynch, Steve Casey, Vivek
Bommi, and Pim van Schie. The
team-based approach to portfolio management positions the
Non-Investment Grade team to deliver the same continuity of
investment process and risk management that has distinguished it
for the past two decades.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity and hedge funds—on behalf of
institutions, advisors and individual investors globally. With
offices in 23 countries, Neuberger Berman's team is more than 2,100
professionals. For five consecutive years, the company has been
named first or second in Pensions & Investments Best Places to
Work in Money Management survey (among those with 1,000 employees
or more). Tenured, stable and long-term in focus, the firm has
built a diverse team of individuals united in their commitment to
delivering compelling investment results for our clients over the
long term. That commitment includes active consideration of
environmental, social and governance factors. The firm manages
$323 billion in client assets as of
March 31, 2019. For more information,
please visit our website at www.nb.com.
Certain statements in this press release, such as those related
to changes in a portfolio management team, constitute
forward-looking statements, which involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
levels of activity, performance or achievements of the Fund, or
industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements. Among other
risks and uncertainties are the possibility of differences in the
timing or nature of any portfolio manager changes, 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. As a result, no assurance can be given as to
future results, levels of activity, performance or achievements,
and neither the Fund nor any other person assumes responsibility
for the accuracy.
All information is as of March 31,
2019 unless otherwise indicated and is subject to change
without notice. Firm data, including employee and assets under
management figures, reflects collective data for the various
affiliated investment advisers that are subsidiaries of Neuberger
Berman Group LLC. Firm history/timeline includes the history of all
firm subsidiaries, including predecessor entities and
acquisitions.
This material is being issued on a limited basis through various
global subsidiaries and affiliates of Neuberger Berman Group LLC.
Please visit www.nb.com/disclosure-global-communications for
the specific entities and jurisdictional limitations and
restrictions.
The "Neuberger Berman" name and logo are registered service
marks of Neuberger Berman Group LLC.
© 2019 Neuberger Berman Group LLC. All rights
reserved.
Media Contact: Alex Samuelson,
212 476 5392, Alexander.Samuelson@NB.com
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