NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share of common stock. The distribution will be payable on July 31, 2025, with a record date and ex-date of July 15, 2025.

The Fund maintains a level distribution policy, aiming to make regular monthly distributions of $0.0905 per share, subject to market conditions. The Fund notes that future distributions may include net investment income, net realized capital gains, and return of capital, with final tax characteristics to be determined after year-end 2025.

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Insights

Financial Income Analyst

NHS continues its steady $0.0905 monthly distribution, providing income stability while signaling sustainability concerns through return of capital disclosures.

Neuberger Berman High Yield Strategies Fund (NHS) has declared its regular monthly distribution of $0.0905 per share, maintaining its level distribution policy. This upcoming payment is scheduled for July 31, with a record and ex-date of July 15.

The fund's level distribution policy aims to provide shareholders with consistent monthly income regardless of market fluctuations. However, the announcement contains important caveats about distribution sustainability. The fund explicitly notes several factors that could affect its ability to maintain this distribution rate:

• Income stability from underlying investments
• Leverage costs
• Fund fees and expenses

Most notably, the distribution may include components beyond just investment income. The payment could consist of net investment income (genuine yields from portfolio holdings), net realized capital gains (profits from selling appreciated securities), and return of capital (giving investors back a portion of their principal investment).

The return of capital component is particularly significant for investors, as it effectively means shareholders may be receiving portions of their own investment back rather than new income generated by the fund. While this approach helps maintain distribution consistency, it potentially masks actual fund performance and could gradually erode the net asset value if distributions exceed genuine earnings capacity.

The inclusion of Section 19 compliance language indicates the fund anticipates possibly needing to include capital returns in its distributions. This serves as a subtle warning that the $0.0905 monthly payment may not be fully supported by the portfolio's current earning power.

NEW YORK, June 30, 2025 /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 July 31, 2025, has a record date of July 15, 2025, and has an ex-date of July 15, 2025.

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 rate will depend on a number of factors, including the amount and stability of income received from its investments, the cost of leverage and the level of other Fund fees and 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, net 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 2025 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 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

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SOURCE Neuberger Berman

FAQ

What is the dividend amount for Neuberger Berman High Yield Strategies Fund (NHS) in July 2025?

NHS declared a monthly distribution of $0.0905 per share of common stock, payable on July 31, 2025.

When is the ex-dividend date for NHS's July 2025 distribution?

The ex-dividend date for NHS's July 2025 distribution is July 15, 2025, which is also the record date.

What is NHS's distribution policy?

NHS maintains a level distribution policy, aiming to make regular monthly distributions of $0.0905 per share of common stock, subject to market conditions.

What can NHS distributions consist of?

NHS distributions may consist of net investment income, net realized capital gains, and return of capital. The final tax characteristics will be determined after year-end 2025.