NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger High Yield Strategies Fund (NYSE American: NHS) declared a $0.0905 per-share monthly distribution payable January 30, 2026 with record and ex-date of January 15, 2026. Under a level distribution policy, the Fund anticipates regular monthly distributions of $0.0905 per share, subject to market conditions and possible future changes.

The Fund said its ability to sustain the distribution depends on income from investments, cost of leverage, and fees and expenses. Distributions may include net investment income, net realized capital gains, and return of capital. Final tax characterization for 2026 distributions will be determined after year-end.

Positive

• Declared monthly distribution of $0.0905 per share
• Payable on January 30, 2026 with ex/record date Jan 15, 2026
• Fund follows a level distribution policy for predictability

Negative

• Distributions may include return of capital, not only income
• No assurance the Fund can maintain any specific distribution amount
• Ability to sustain payouts depends on income, leverage cost, fees

Key Figures

Monthly distribution $0.0905 per share Declared for January 30, 2026 payment

Payment date January 30, 2026 Monthly distribution payable date

Record & ex-date January 15, 2026 Record date and ex-date for monthly distribution

Market Reality Check

$7.43 Last Close

Volume Volume 858,329 is 5.12x the 20-day average of 167,643, indicating elevated interest around the distribution announcement. high

Technical Price at $7.44 is trading just below the 200-day MA of $7.45 and about 6.3% under the 52-week high.

Peers on Argus

Peers in asset management showed mixed moves, with GLO at -0.7%, SABA at -0.96%, ERC at -1.06%, and TSI up 2.07%, suggesting NHS’s 3.06% gain is more stock-specific.

Common Catalyst Multiple income funds, including NRO and GLO, reported distribution-related updates and Section 19 notices, highlighting a common focus on payout policies across peers.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 15	Management changes	Neutral	-0.8%	Announced staged portfolio management transition through December 31, 2026.
Nov 28	Monthly distribution	Neutral	+0.3%	Declared $0.0905 monthly distribution payable December 31, 2025.
Oct 31	Monthly distribution	Neutral	-1.7%	Reaffirmed $0.0905 monthly distribution payable November 28, 2025.
Sep 30	Monthly distribution	Neutral	+0.0%	Declared $0.0905 monthly distribution payable October 31, 2025.
Aug 29	Monthly distribution	Neutral	-0.5%	Declared $0.0905 monthly distribution payable September 30, 2025.

Pattern Detected

Monthly distribution announcements at $0.0905 have historically led to modest, mostly small single-day moves, indicating these payouts are largely expected by the market.

Recent Company History

Over the last several months, NHS has repeatedly declared a level monthly distribution of $0.0905 per share, with payments scheduled from August through December 2025. Price reactions to these distribution notices ranged from slightly negative to slightly positive, generally close to flat. A December 2025 update outlined a defined transition for the portfolio management team through December 31, 2026. Today’s announcement extends the same distribution pattern into January 2026, reinforcing continuity in the fund’s payout policy.

Market Pulse Summary

This announcement reiterates a monthly distribution of $0.0905 per share under a level distribution policy, with payment on January 30, 2026 and a record and ex-date of January 15, 2026. The fund highlights that payouts may include net investment income, capital gains, and return of capital, with final tax characterization determined after year-end. Investors may monitor future notices on distribution sources and any changes to the stated rate or policy conditions.

Key Terms

distribution declaration financial

"has announced a distribution declaration of $0.0905 per share"

A distribution declaration is a formal announcement that a company, fund, or trust will pay cash or other assets to its shareholders or unitholders, specifying how much will be paid and when recipients must be holding the security to get it. Investors care because the declaration signals how the business is allocating profit or cash flow—similar to a landlord telling tenants they’ll receive a portion of rent—affecting expected income, valuation, and short-term share price movement.

record date financial

"has a record date of January 15, 2026, and has an ex-date"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

ex-date financial

"has a record date of January 15, 2026, and has an ex-date of January 15, 2026"

The ex-date is the specific day when a stock stops trading with the right to receive an upcoming dividend or other benefit. If you buy the stock on or after this date, you won't get the upcoming payout; instead, the seller will. It’s like a cut-off point that determines who is entitled to receive the benefits of a company’s distribution to shareholders.

net investment income financial

"may consist of net investment income, net realized capital gains and return"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

net realized capital gains financial

"may consist of net investment income, net realized capital gains and return"

Net realized capital gains are the total profits an investor or fund actually locks in by selling investments at a higher price than they were bought, after subtracting any losses and transaction costs. Think of it like a garage sale where you tally the money made from items sold for more than you paid, minus the losses on items that sold for less; these net gains affect taxable income, dividend distributions and reported earnings, so they directly influence investor returns and tax bills.

return of capital financial

"may consist of net investment income, net realized capital gains and return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

Section 19 of the Investment Company Act of 1940 regulatory

"In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice"

Section 19 of the Investment Company Act of 1940 bars the resale or distribution of mutual fund or other investment company shares that were originally acquired in violation of the Act, and gives the fund certain remedies such as reclaiming profits or undoing the sale. For investors and intermediaries this matters because it can make otherwise tradable shares illiquid or subject to forced recovery, creating legal and financial risk similar to buying a product that can later be recalled and refunded.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 31, 2025 /PRNewswire/ -- Neuberger 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 January 30, 2026, has a record date of January 15, 2026, and has an ex-date of January 15, 2026.

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 2026 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 2,900 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

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SOURCE Neuberger Berman

FAQ

What distribution did Neuberger High Yield Strategies Fund (NHS) declare for January 2026?

The Fund declared a monthly distribution of $0.0905 per share payable January 30, 2026.

What are the ex-date and record date for NHS's January 2026 distribution?

Both the ex-date and record date are January 15, 2026.

Will NHS's distribution of $0.0905 per share be recurring monthly in 2026?

Under its level distribution policy, the Fund anticipates regular monthly distributions of $0.0905 per share, subject to market conditions.

Could NHS's distributions include return of capital in 2026?

Yes. The Fund said distributions may consist of net investment income, net realized capital gains, and return of capital.

When will NHS disclose the final tax characterization of 2026 distributions?

The Fund will make the final determination of the source and tax characteristics after the end of 2026.

What factors did NHS cite that affect its ability to maintain the distribution rate?

The Fund cited income from investments, the cost of leverage, and the level of fees and expenses.