NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES CHANGES TO PORTFOLIO MANAGEMENT TEAM

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced management changes effective December 31, 2025. Joseph Lind will expand his role to Co-Head of Special Situations on December 31, 2025, and is scheduled to cease his portfolio management responsibilities to the Fund on or about December 31, 2026. Steve Ruh, CFA, Managing Director, has been named co-Portfolio Manager of the Fund effective December 31, 2025. The change establishes a defined transition timeline for portfolio leadership.

Positive

• Steve Ruh named co-Portfolio Manager effective 12/31/2025
• Joseph Lind promoted to Co-Head of Special Situations on 12/31/2025
• Defined leadership transition timeline through 12/31/2026

Negative

• Joseph Lind will cease portfolio management responsibilities on or about 12/31/2026
• Management transition introduces potential portfolio leadership risk through 2026

News Market Reaction

-0.83%

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-0.83% News Effect

On the day this news was published, NHS declined 0.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Dec. 15, 2025 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") has announced that Joseph Lind, co-Portfolio Manager to the Fund, will expand his role and become Co-Head of Special Situations effective December 31, 2025, and will cease his portfolio management responsibilities to the Fund on or about December 31, 2026. Steve Ruh, CFA, Managing Director, has been named co-Portfolio Manager of the Fund, effective December 31, 2025.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,900 employees in 26 countries. The firm manages $558 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named the #1 Best Place to Work in Money Management by Pensions & Investments and has placed #1 or #2 for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of September 30, 2025.

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

View original content:https://www.prnewswire.com/news-releases/neuberger-berman-high-yield-strategies-fund-announces-changes-to-portfolio-management-team-302642688.html

SOURCE Neuberger Berman

FAQ

Who will be the co-Portfolio Managers of NHS after December 31, 2025?

Steve Ruh, CFA will be co-Portfolio Manager effective December 31, 2025; Joseph Lind will expand to Co-Head of Special Situations on that date.

When will Joseph Lind stop portfolio management duties for NHS (NYSE American: NHS)?

Joseph Lind is scheduled to cease portfolio management responsibilities on or about December 31, 2026.

What role will Joseph Lind hold at NHS after December 31, 2025?

He will become Co-Head of Special Situations effective December 31, 2025.

What is the effective date for Steve Ruh's co-Portfolio Manager appointment at NHS?

Steve Ruh's appointment as co-Portfolio Manager is effective December 31, 2025.

Does the NHS announcement provide a timeline for the management transition?

Yes; key dates are December 31, 2025 for role changes and on or about December 31, 2026 for Lind to cease portfolio duties.