NEW YORK, Nov. 30, 2017 /PRNewswire/ -- Neuberger Berman
High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund")
has announced a distribution declaration of $0.0725 per share of common stock. The
distribution announced today is payable on December 29, 2017, has a record date of
December 15, 2017 and has an ex-date
of December 14, 2017.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.0725 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 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 19 countries, Neuberger Berman's team is approximately
1,900 professionals, as of September 30,
2017. The company was named the #1 firm in Pensions &
Investments 2016 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 fosters an investment culture of
fundamental research and independent thinking. It manages
$284 billion in client assets as of
September 30, 2017. 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. 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
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SOURCE Neuberger Berman
