NEW YORK, Sept. 30, 2019 /PRNewswire/ -- Neuberger Berman
High Yield Strategies Fund Inc. (NYSE American: NHS)
(the "Fund") has announced a distribution declaration of
$0.0905 per share of common stock.
The distribution announced today is payable on October 31,
2019, has a record date of October 15,
2019 and has an ex-date of October
11, 2019.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.0905 per share of
common stock, unless further action is taken to determine another
amount. The Fund's ability to maintain its current
distribution will depend on a number of 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 amount or that a distribution will consist only
of net investment income.
Due to an effort to maintain a stable distribution amount, the
distribution announced today, 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.
The notice would be for informational purposes and not for tax
reporting purposes, and would disclose, among other things,
estimated portions of the distribution, if any, consisting of net
investment income, capital gains and return of capital. The final
determination of the source and tax characteristics of all
distributions paid in 2019 will be made after the end of the
year.
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
$333 billion in client assets as of
June 30, 2019. 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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