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Neuberger High Yield Strategies Fund Announces Completion of Rights Offering

On April 20, 2026, the Neuberger High Yield Strategies Fund Inc. (NYSE American: NHS) officially revealed the final results of its recent rights offering, which had a subscription conclusion on April 15, 2026. This offering allowed existing shareholders to purchase additional shares of common stock, aiming to leverage investment capital for improved fund performance.

Overview of the Offering

The final subscription price for each common stock share was set at $6.50. This price represented approximately 92.5% of the fund's net asset value at the end of trading on the NYSE American on the expiration date. The offering dramatically exceeded expectations, resulting in the issuance of 10,463,948 shares of common stock. The gross proceeds from this initiative are approximated to be around $68 million, which will significantly support the fund's investment strategy moving forward.

The availability of shares drew in considerable interest, as evidenced by the over-subscription of the offering. This means that the demand from existing shareholders who were eligible to exercise their rights surpassed the number of shares available for over-subscription. Consequently, shares allocated through this over-subscription will be distributed pro-rata among those shareholders based on the number of rights they held prior to the offering. Investors who contributed beyond the initial subscription amount will receive a full refund for any excess payments made.

Fund Objectives and Investment Strategy

The Neuberger High Yield Strategies Fund is tailored primarily towards achieving high total returns from income and capital appreciation. In standard market conditions, the fund commits at least 80% of its total assets to high-yield debt securities, specifically those classified as below investment grade, from U.S. and international issuers. Furthermore, it retains the flexibility to diversify, permitting an investment of up to 20% of its total assets into various other securities and financial instruments, along with a cap of 15% in collateralized loan obligations.

Neuberger additionally emphasizes that participation in this offering does not constitute a solicitation for any securities where such offers would be restricted. Interested investors are encouraged to thoroughly review the fund’s prospectus supplement along with all other related documents available via the EDGAR database on the SEC's website, ensuring well-informed investment decisions.

Company Background

Founded in 1939 and employee-owned, Neuberger is an independent investment management firm headquartered in New York. With around 3,000 employees distributed across 26 countries, it manages an impressive $567 billion portfolio encompassing equities, fixed income, private markets, and other asset classes for institutional clients, advisors, and individual investors alike. Neuberger’s robust investment approach relies heavily on active management and thorough fundamental research, ensuring growth and value generation for its stakeholders.

The firm has earned multiple accolades for its services; most notably, being named the Best Asset Manager for Institutional Investors in the U.S. in 2025, demonstrating not only their expertise in investment management but also their workplace commitment and culture, having been recognized as the #1 Best Place to Work in Money Management.

Inquiries about the rights offering should be directed to the Fund's Information Agent, EQ Fund Solutions, LLC, at (800) 290-6428. With the successful completion of this offering, Neuberger High Yield Strategies Fund is positioned strongly for future growth, promising exciting opportunities for its investors and stakeholders alike.