NEUBERGER REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Real Estate Securities Income Fund (NYSE American: NRO) declared a monthly distribution of $0.0312 per share, payable April 30, 2026, with record and ex-date of April 15, 2026. The Fund expects monthly distributions at $0.0312 under its level distribution policy, subject to market conditions.

The Fund cautioned distributions may include net investment income, net realized capital gains, and return of capital; final tax characterization for 2026 will be determined after year-end.

AI-generated analysis. Not financial advice.

Positive

• Monthly distribution of $0.0312 per share declared
• Payable date set: April 30, 2026
• Level distribution policy signals payout consistency

Negative

• Distributions may include return of capital
• No assurance Fund can maintain any specific distribution amount
• Distribution sustainability depends on income, leverage and costs

News Market Reaction – NRO

+1.41%

1 alert

+1.41% News Effect

On the day this news was published, NRO gained 1.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.0312 per share Payable date: April 30, 2026 Record/ex-date: April 15, 2026 +5 more

8 metrics

Monthly distribution $0.0312 per share Declared for April 30, 2026 payable date

Payable date April 30, 2026 Monthly distribution timing

Record/ex-date April 15, 2026 Eligibility for April distribution

Base prospectus size $150,000,000 Preliminary base prospectus for common stock/rights (N-2/A, 2026-03-17)

NAV per share $3.25 As of March 11, 2026 in N-2/A

Shares outstanding 63,361,833 As of March 11, 2026 in N-2/A

Total return on NAV -6.59% Year ended October 31, 2025 (N-CSR)

Distributions per share $0.37 (incl. $0.26 ROC) Year ended October 31, 2025 (N-CSR)

Market Reality Check

Price: $2.97 Vol: Volume 210,198 vs 20-day ...

normal vol

$2.97 Last Close

Volume Volume 210,198 vs 20-day average 279,099 (relative volume 0.75) ahead of this distribution update. normal

Technical Shares at $2.84, trading below 200-day MA of $3.12 and 15.73% under the 52-week high.

Peers on Argus

NRO gained 0.73% while peers like NXG, MPV, NHS, FUND, and LGI also showed posit...

NRO gained 0.73% while peers like NXG, MPV, NHS, FUND, and LGI also showed positive moves between 0.6% and 3.14%, but no peers appeared in the momentum scanner, suggesting stock-specific factors rather than a flagged sector-wide move.

Historical Context

5 past events · Latest: Feb 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 27	Monthly distribution	Neutral	+0.0%	Declared $0.0312 March distribution with standard caveats on composition.
Jan 30	Monthly distribution	Neutral	-0.3%	Announced February $0.0312 payout under level distribution policy.
Dec 31	Monthly distribution	Neutral	+0.0%	Declared January 30, 2026 $0.0312 distribution and warned on sources.
Dec 12	Management change	Neutral	-1.0%	Added Archena Alagappan as associate portfolio manager for the fund.
Nov 28	Monthly distribution	Neutral	-1.0%	Set December 2025 $0.0312 payout and reiterated level policy language.

Pattern Detected

Routine distribution declarations at $0.0312 per share have typically seen flat to mildly negative next-day moves, indicating limited price sensitivity to these announcements.

Recent Company History

Over the last several months, NRO has repeatedly declared a level monthly distribution of $0.0312 per share, with payable dates through December 2025, January 2026, February 2026, and March 2026. Price reactions around these notices were flat to slightly negative. A December 2025 update added an associate portfolio manager, a neutral governance change. Today’s news continues the same payout level and messaging on distribution composition and tax treatment.

Market Pulse Summary

This announcement reiterates NRO’s level monthly distribution of $0.0312 per share for April 30, 202...

Analysis

This announcement reiterates NRO’s level monthly distribution of $0.0312 per share for April 30, 2026, with standard cautions that payouts may include net investment income, capital gains, or return of capital. Recent filings show the fund using leverage and historically trailing its benchmark on total return. Investors may watch future disclosures on distribution sources, performance trends, and leverage costs to assess the durability of the current payout level.

Key Terms

record date, ex-date, net investment income, net realized capital gains, +2 more

6 terms

record date financial

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

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 April 15, 2026, and has an ex-date of April 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

"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."

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 of capital."

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 would be provided"

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.

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

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 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 27 countries. The firm manages $563 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 is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of December 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 distribution did Neuberger Real Estate Securities Income Fund (NRO) declare on March 31, 2026?

The Fund declared a $0.0312 per share monthly distribution, payable April 30, 2026. According to the company, the record and ex-date are April 15, 2026, and the payment follows its level distribution policy.

When is the ex-dividend date and record date for NRO's April 2026 distribution?

The ex-date and record date are both April 15, 2026. According to the company, eligible shareholders on the record date will receive the distribution paid on April 30, 2026.

Will NRO's $0.0312 distribution be funded entirely from income?

Not necessarily; the distribution may include net investment income, capital gains, and return of capital. According to the company, final tax characterization for 2026 will be determined after year-end.

How does NRO's level distribution policy affect shareholder payouts?

The policy targets regular monthly distributions of $0.0312 per share, subject to market conditions. According to the company, the policy aims for predictability but cannot guarantee a specific amount indefinitely.

What risks did Neuberger Real Estate Securities Income Fund (NRO) disclose about the distribution?

The Fund warned there is no assurance it can maintain any particular distribution amount and cited income stability, capital gains availability, leverage and costs. According to the company, these factors affect distribution sustainability.

When will NRO determine the tax character of its 2026 distributions?

The Fund will make final determinations after the end of 2026 for tax reporting. According to the company, any informational notice required under Section 19 will disclose estimated portions of income, gains, and return of capital.