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Neuberger Real Estate Securities Income Fund Inc. reports developments for a NYSE American-listed closed-end fund focused on income from real estate securities, including REIT-related holdings. Recurring announcements center on regular monthly common-stock distributions under the fund’s level distribution policy and the factors that affect payout capacity, including portfolio income, capital gains, leverage, borrowing costs, fees and expenses.
Company updates also cover portfolio management appointments and fund risk disclosures tied to securities-market conditions, fund performance, regulation, adviser resources, investment-strategy execution and legal or regulatory proceedings.
Neuberger Berman Real Estate Securities Income Fund (NRO) has announced a reduction in its monthly distribution rate from $0.04 to $0.0312 per share, effective from January 29, 2021. The new annual distribution totals $0.3744 per share, reflecting an annualized rate of approximately 8.45% based on a net asset value of $4.43 as of December 30, 2020. This decrease results from lowered leverage and overall investment income. Future distributions may involve net investment income, capital gains, or return of capital, subject to market conditions.
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) has declared a monthly distribution of $0.04 per share, payable on December 31, 2020. The record date is set for December 15, 2020, with an ex-date of December 14, 2020. The Fund maintains a level distribution policy, indicating potential monthly distributions, contingent on market conditions.
Future distributions may include net investment income, capital gains, and return of capital, with final tax characteristics confirmed at year-end.
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) announced a monthly distribution of $0.04 per share, payable on November 30, 2020. The record date is November 16, 2020, with an ex-date of November 13, 2020. Future distributions will depend on income stability from investments, capital gains, and expenses. The Fund's distributions may include net investment income, realized capital gains, and return of capital. The final determination of distribution sources will be made at year-end.
Neuberger Berman Real Estate Securities Income Fund (NYSE: NRO) has declared a monthly distribution of $0.04 per share, payable on October 30, 2020. The record date is October 15, 2020, and the ex-date is October 14, 2020. The Fund anticipates maintaining this distribution level but warns that it may vary based on investment income stability, capital gains, and expenses. Future distributions could include net investment income, realized capital gains, or return of capital, with final tax characteristics determined post-2020.
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) announced a monthly distribution of $0.04 per share of common stock, payable on September 30, 2020. The record date is September 15, 2020 with an ex-date of September 14, 2020. The Fund aims to maintain this distribution level, depending on various factors such as investment income, capital gains, and Fund expenses. Future distributions may include net investment income, realized capital gains, and return of capital. The final source of the 2020 distributions will be determined after the year-end.
Neuberger Berman Real Estate Securities Income Fund (NYSE: NRO) has declared a monthly distribution of $0.04 per share, payable on August 31, 2020. The record date is set for August 17, 2020, and the ex-date is August 14, 2020. Although the Fund plans to maintain this distribution rate, future payments depend on various factors including investment income stability, capital gains, and leverage costs. Distributions might consist of net investment income, realized capital gains, and return of capital, with final tax characteristics determined at year-end.