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, payable on June 30, 2025, with a record and ex-date of June 16, 2025. The Fund maintains a level distribution policy, aiming to provide regular monthly distributions at this rate, subject to market conditions. The distribution may include net investment income, net realized capital gains, and return of capital. The Fund's ability to maintain this distribution rate depends on factors including investment income stability, leverage costs, and Fund expenses. Final tax characteristics of 2025 distributions will be determined at year-end.

Positive

• Regular monthly distribution of $0.0905 per share provides steady income stream for investors
• Level distribution policy aims to provide predictable income payments

Negative

• Distribution may include return of capital, which could reduce the fund's asset base
• No guarantee of maintaining current distribution rate due to market conditions and fund expenses
• Distribution amount may not consist solely of net investment income

Insights

Financial Fund Analyst

NHS announces $0.0905/share monthly distribution, maintaining its regular payout schedule under its level distribution policy.

Neuberger Berman High Yield Strategies Fund (NHS) has declared its monthly cash distribution of $0.0905 per share, payable on June 30 with a record date of June 16. This distribution aligns with the fund's level distribution policy, which aims to provide consistent monthly payments to shareholders.

The announcement highlights key information for income-focused investors. This fixed-income closed-end fund's distribution policy is designed to deliver regular income streams, though investors should note the important caveat that future distributions may include components beyond just net investment income - potentially incorporating realized capital gains and even return of capital.

The fund's disclosure about maintaining this distribution rate is particularly instructive. It explicitly acknowledges that sustaining the $0.0905 monthly payment depends on several factors: income stability from underlying investments, leverage costs, and fund expense levels. This transparency provides investors with a realistic assessment of the distribution's sustainability.

The standard regulatory language regarding Section 19 notifications serves as an important reminder that distributions from high-yield funds can sometimes include return of capital, which represents a return of investors' principal rather than genuine investment returns. Final tax characterization of all 2025 distributions will only be determined after year-end.

NEW YORK, May 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 June 30, 2025, has a record date of June 16, 2025, and has an ex-date of June 16, 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 monthly distribution amount for Neuberger Berman High Yield Strategies Fund (NHS)?

The monthly distribution amount for NHS is $0.0905 per share of common stock.

When is the next NHS dividend payment date?

The next dividend payment date is June 30, 2025, with a record and ex-date of June 16, 2025.

What is NHS's level distribution policy?

NHS aims to make regular monthly distributions of $0.0905 per share, subject to market conditions, unless further action is taken to determine another amount.

What are the sources of NHS's distribution payments?

The distributions may consist of net investment income, net realized capital gains, and return of capital, with final tax characteristics determined at year-end.

Is NHS's current distribution rate guaranteed?

No, the Fund's ability to maintain its distribution rate depends on factors including investment income stability, leverage costs, and Fund expenses.