Neuberger High Yield Strategies Fund (NHS) changes name and managers

Rhea-AI Filing Summary

Neuberger High Yield Strategies Fund Inc. updates its prospectus to reflect a corporate name change and portfolio management transitions.

Effective December 18, 2025, the Fund changed its name from Neuberger Berman High Yield Strategies Fund Inc. to Neuberger High Yield Strategies Fund Inc. Effective December 31, 2025, Joseph Lind will expand his role to Co-Head of Special Situations and will cease portfolio management responsibilities to the Fund on or about December 31, 2026. Also effective December 31, 2025, Steve Ruh will join as a co-portfolio manager alongside Mr. Lind and Christopher Kocinski. The prospectus language for the "Management of the Funds – Portfolio Managers" section is replaced to reflect these role changes.

Insights

Portfolio Management Expert

Succession plan formalized with dated role changes for portfolio managers.

The supplement documents a clear timeline: a name change effective December 18, 2025 and portfolio management adjustments effective December 31, 2025, with Mr. Lind reducing portfolio duties on or about December 31, 2026.

The transition names a specific successor, Steve Ruh, and retains continuity via co-managers Christopher Kocinski and Mr. Lind's planned overlap. Subsequent filings or shareholder communications may disclose operational impacts, but timing and responsibilities are stated explicitly here.

Corporate Governance Expert

Documented governance changes are administrative and clarify responsibility shifts.

The prospectus supplement replaces the "Portfolio Managers" section and records the Fund's new legal name effective December 18, 2025. It names individuals and exact role changes, preserving an internal continuity plan through overlap.

These are procedural updates to the Fund's disclosure; there is no indication of compensation changes, conflicts, or material strategy shifts within the excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/18/2025 - 05:05 PM Learn about SEC filing dates

FAQ

What name change did Neuberger High Yield Strategies Fund (NHS) make?

The fund changed its name to Neuberger High Yield Strategies Fund Inc. effective December 18, 2025. The supplement replaces all references to the prior name Neuberger Berman High Yield Strategies Fund Inc. in the Prospectus and Prospectus Supplement.

When will Joseph Lind change roles at NHS and what will he do?

Joseph Lind will become Co-Head of Special Situations effective December 31, 2025. He will cease portfolio management responsibilities to the Fund on or about December 31, 2026, while assisting the transition as needed.

Who is joining the NHS portfolio management team and when?

Steve Ruh will become a co-portfolio manager effective December 31, 2025. Mr. Ruh joined the firm in 2007 and has co-managed the Fund since December 2025 as part of the stated transition.

How does the Prospectus change describe the Fund's portfolio managers?

The Prospectus "Management of the Funds – Portfolio Managers" section is replaced with updated bios and roles effective December 31, 2025. It lists Joseph Lind, Christopher Kocinski, and Steve Ruh with their titles and tenure details.

Does the supplement state any strategy or fee changes for NHS?

The excerpt does not disclose any changes to investment strategy or fees. The supplement is limited to the Fund's name change and portfolio management personnel updates within the Prospectus language.

PROSPECTUS SUPPLEMENT	Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated as of April 7, 2025, as amended on April 8, 2025, and to Prospectus Supplement dated April 8, 2025)	Registration Statement No. 333-282910

Neuberger High Yield Strategies Fund Inc.

This Prospectus Supplement includes updates related to Neuberger High Yield Strategies Fund Inc. (the “Fund”).

(1) Fund Name Change

Effective December 18, 2025, the Fund changed its name from Neuberger Berman High Yield Strategies Fund Inc. to Neuberger High Yield Strategies Fund Inc.  As such, effective immediately, all references to “Neuberger Berman High Yield Strategies Fund Inc.” in the Fund’s Prospectus Supplement and Prospectus are deleted in their entirety and replaced with “Neuberger High Yield Strategies Fund Inc.”

(2) Fund Portfolio Manager Changes

Joseph Lind, co-portfolio manager to the Fund, will expand his role and become Co-Head of Special Situations effective December 31, 2025.  As such, he will cease his portfolio management responsibilities to the Fund on or about December 31, 2026.

Steve Ruh, CFA, joined the firm in 2007 and is a member of the portfolio management team for the firm’s non-investment grade credit strategies and will become a co-portfolio manager to the Fund alongside Mr. Lind and Christopher Kocinski on December 31, 2025. To ensure a smooth transition, Mr. Lind will work with Mr. Ruh throughout, and as needed, after the transition.

As such, effective December 31, 2025, the “Management of the Funds – Portfolio Managers” section of the Prospectus for the Fund is deleted in its entirety and replaced with the following:

Joseph Lind, CFA, is a Managing Director of NBIA. He has served as a Portfolio Manager for the Fund since 2018 and is Co-Head of U.S. High Yield. He joined the Firm in 2018.

Christopher Kocinski, CFA is a Managing Director of NBIA. He has served as a Portfolio Manager for the Fund since 2019 and is Co-Head of U.S. High Yield. He joined the Firm in 2006.

Steve Ruh, CFA, is a Managing Director of NBIA. He has served as a Portfolio Manager for the Fund since December 2025 and is a member of the portfolio management team for the firm’s non-investment grade credit strategies. Mr. Ruh has co-managed the Fund since December 2025.

The date of this supplement is December 18, 2025.

Please retain this supplement for future reference.

 

Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, NY 10104

Shareholder Services

800.877.9700

Institutional Services

800.366.6264

www.nb.com