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Neuberger High Yield Strategies Fund Inc. reports fund developments for a closed-end management investment company focused on high total return through income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of total assets in below-investment-grade debt securities of U.S. and foreign issuers, with capacity for other securities, financial instruments and collateralized loan obligations.
Recurring news for NHS centers on monthly common-stock distributions under its level distribution policy, the income and expense factors that affect those distributions, and capital actions such as transferable rights offerings. Updates also reference NAV-based pricing mechanics, leverage costs, fund fees and the role of Neuberger Berman Investment Advisers LLC as investment adviser.
On February 26, 2021, Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) announced a monthly distribution of $0.0905 per share, payable on March 31, 2021. The record date is March 15, 2021 and the ex-date is March 12, 2021. The Fund aims to maintain this distribution amount regularly, contingent on market conditions and various factors affecting income from investments. Distributions may include net investment income, realized capital gains, and return of capital. The company manages $405 billion in client assets as of December 31, 2020.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on February 26, 2021, with a record date of February 16, 2021 and an ex-date of February 12, 2021.
The Fund aims to maintain stable monthly distributions, dependent on various factors including investment income and expenses. Future distributions may consist of net investment income, realized capital gains, and return of capital. The final tax characteristics will be determined post-2021.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share, payable on January 29, 2021. The record date is January 15, 2021, with an ex-date of January 14, 2021. The Fund aims for stable monthly distributions, which may include net investment income, capital gains, and return of capital, contingent on market conditions. Neuberger Berman manages $374 billion in assets as of September 30, 2020, and has received high recognition for its ESG practices.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced the final results of its oversubscribed tender offer, purchasing 25% of its outstanding shares at 96% of the net asset value (NAV) of $12.53, priced at $12.03 per share. A total of 6,666,834 shares were tendered, with 4,885,146 shares accepted, resulting in a pro-ration factor of 73.28%. Additionally, the Fund reduced its leverage from $125 million to $95.5 million by redeeming Preferred Shares and prepaying Senior Notes.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced the preliminary results of its oversubscribed tender offer, which expired on December 10, 2020. Approximately 6,666,834 shares were tendered. The Fund will purchase shares pro-rata based on the number tendered, adhering to the terms stated in the Offer to Purchase. Final results will be disclosed later. For inquiries, stockholders can contact AST Fund Solutions. Neuberger Berman manages $374 billion in assets as of September 30, 2020, and has achieved high marks in ESG practices.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on December 31, 2020. The record date is December 15, 2020, with an ex-date of December 14, 2020. The Fund aims to maintain stable distributions, which may include net investment income, realized capital gains, and returns of capital. The Fund's distribution capability depends on various factors including income stability and expenses. Final tax characterizations of 2020 distributions will be determined post-year-end.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) announced a tender offer to purchase up to 25% of its outstanding common stock for cash at 96% of its net asset value, effective December 10, 2020. The tender offer will expire at 5:00 p.m. NY time on the same day unless extended. If valid tenders exceed 25%, purchases will be made on a pro rata basis. Stockholders are advised to review detailed tender offer materials filed with the SEC for important information.
Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) declared a monthly distribution of $0.0905 per share of common stock, payable on November 30, 2020. The record date is November 16, 2020 and the ex-date is November 13, 2020. This distribution is part of the Fund's level distribution policy, subject to market conditions and the stability of income from investments. Distributions may consist of net investment income, realized capital gains, and return of capital, with final tax character determinations made post-year-end.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) announced a planned tender offer to repurchase up to 25% of its outstanding shares at 96% of its net asset value per share. The offer is expected to be completed before December 31, 2020. This move follows an agreement with Saba Capital Management, which includes Saba halting its proxy solicitation efforts. Further details will be provided in future announcements, and the fund manages $374 billion in assets as of September 30, 2020.
Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) has declared a monthly distribution of $0.0905 per share, payable on October 30, 2020. The record date for this distribution is October 15, 2020, with an ex-date of October 14, 2020. The Fund aims to maintain stable monthly distributions, contingent on income stability and other financial factors. Future distributions may include net investment income, capital gains, and return of capital. The source and tax characteristics of 2020 distributions will be finalized at year-end.