NRL Neuberger BM RE

Neuberger Berman Real Estate Income Fund Inc. (NYSE: NRL) announced that to ensure that stockholders have sufficient time to consider proxy materials it has changed the date for the special meeting of stockholders. The meeting will be held on Tuesday, August 28, 2007 at 11:00 a.m. at 605 Third Avenue, New York, NY 10158. The record date for determining stockholders entitled to vote at the meeting remains May 30, 2007. Forward-Looking Statements 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 funds, changes in government policy or regulation, inability of the Fund�s investment advisor to attract or retain key employees, inability of the Fund�s investment advisor to implement its investment strategy, inability of the Fund to manage unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.