NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) has declared a distribution of $0.0312 per share of common stock, payable on May 31, 2023, with a record date of May 15, 2023 and an ex-date of May 12, 2023. The Fund anticipates making regular monthly distributions, subject to market conditions, unless further action is taken. The distribution may consist of net investment income, net realized capital gains, and return of capital. The Fund's ability to maintain its current distribution rate depends on various factors, including income from investments, availability of capital gains, leverage, and expenses.

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• None.

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• The distribution is not guaranteed to always be of a particular amount, and it may not consist solely of net investment income. The final determination of the source and tax characteristics of all distributions paid in 2023 will be made after the end of the year.

Financial Analyst

The declaration of a distribution by Neuberger Berman Real Estate Securities Income Fund Inc. is a clear indicator of the Fund's current financial health and its ability to generate income for its shareholders. The distribution rate of $0.0312 per share reflects the Fund's earnings and strategy to provide consistent returns to investors. Stability in distribution rates is often perceived as a positive signal by the market, suggesting a reliable source of income, especially for income-focused investors.

However, the Fund's caution that there is no assurance of maintaining a specific distribution level highlights the inherent uncertainties in real estate investments and the impact of market conditions. The mention of potential return of capital as part of the distribution is noteworthy; it suggests that some of the payouts may not be derived solely from investment income but could also include a return of the investors' principal, which might not be as favorable for long-term value growth.

Investors should closely monitor the Fund's investment income stability, leverage costs and the proportion of the distribution that is a return of capital. These factors could significantly affect the Fund's ability to sustain its distribution rate and could have implications for the stock price.

Market Research Analyst

From a market perspective, the distribution policy of Neuberger Berman Real Estate Securities Income Fund Inc. can influence investor sentiment and the Fund's attractiveness in the real estate securities sector. Regular monthly distributions can make the Fund appealing to investors seeking steady income streams, potentially increasing demand for the Fund's shares.

The real estate market's performance, interest rate trends and economic conditions are critical to the Fund's investment income and, by extension, to its distribution policy. The Fund's ability to adapt to changing market conditions and manage its leverage and expenses will be pivotal in maintaining its competitive position. Investors would do well to compare the Fund's distribution yield with those of similar funds, as well as the overall performance of the real estate market, to gauge the Fund's relative appeal.

Tax Expert

For tax-conscious investors, understanding the composition of the Fund's distributions is crucial. The mix of net investment income, net realized capital gains and return of capital can have different tax implications. Distributions classified as return of capital, for instance, are not taxed immediately but reduce the cost basis of the investment, which can affect capital gains tax upon sale of the shares.

The Fund's compliance with Section 19 of the Investment Company Act of 1940 is essential for investors to be informed about the nature of the distributions they receive. Accurate tax reporting hinges on the final determination of the source and tax characteristics of all distributions paid, which is only made after the end of the year. Investors should therefore consult with tax professionals to understand the potential tax liabilities associated with these distributions.

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on May 31, 2023, has a record date of May 15, 2023 and has an ex-date of May 12, 2023.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0312 per share of common stock, unless further action is taken to determine another amount. 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 of only net investment income. 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, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund fees and expenses.

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 2023 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman's diverse team has over 2,700 professionals. For nine consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Neuberger Berman is a PRI Leader, a designation, since last assessed, that was awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. In the 2021 PRI Assessment, the firm obtained the highest possible scoring for its overarching approach to ESG investment and stewardship, and integration across asset classes. The firm manages $436 billion in client assets as of March 31, 2023. For more information, please visit our website at www.nb.com.

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

What is the distribution amount per share declared by Neuberger Berman Real Estate Securities Income Fund Inc. (NRO)?

The distribution declared is $0.0312 per share of common stock.

When is the distribution payable?

The distribution is payable on May 31, 2023.

What is the record date for the distribution?

The record date for the distribution is May 15, 2023.

What is the ex-date for the distribution?

The ex-date for the distribution is May 12, 2023.

What factors determine the Fund's ability to maintain its current distribution rate?

The Fund's ability depends on factors such as income from investments, availability of capital gains, leverage, and expenses.

What may the distribution consist of?

The distribution may consist of net investment income, net realized capital gains, and return of capital.

Is the distribution guaranteed to always be of a particular amount?

No, there is no assurance that the Fund will always be able to pay a distribution of any particular amount.

What will determine the source and tax characteristics of all distributions paid in 2023?

The final determination will be made after the end of the year.