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Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution

On November 29, 2024, Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) shared an important announcement regarding its monthly distribution practices. The fund declared a distribution of $0.0905 per share of common stock, which is set to be paid out on December 31, 2024. Investors should note that the record and ex-dates for this distribution are both December 16, 2024.

Neuberger Berman’s strategy involves a level distribution policy, meaning they typically expect to issue regular monthly distributions, unless market conditions suggest otherwise. The forthcoming distribution of $0.0905 per share will depend significantly on various factors, including the income generated from investments, the costs associated with leveraging, and the overall expenses of the fund.

Factors Influencing Distribution Rates

It's crucial to understand that Neuberger Berman does not guarantee this distribution rate will always be maintained. Fluctuations might arise from:

• - Income Stability: The amount and consistency of income derived from the fund's investments could vary, affecting distribution levels.
• - Leverage Costs: Changes in the cost of leveraging can impact financial outlays.
• - Management Fees: The overall fees and expenses related to managing the fund also play a role in determining the distributions.

While the fund endeavors to keep its distributions stable, future payments may consist of not only net investment income but also net realized capital gains or return of capital. This enhanced transparency aligns with Section 19 of the Investment Company Act of 1940, ensuring that investors are informed about the nature of their distributions. Should any portion of the distribution include sources outside net investment income, the fund will provide a notification for informational purposes, outlining details such as the estimated sources and tax implications.

About Neuberger Berman

Founded in 1939, Neuberger Berman positions itself as a private, employee-owned investment manager based in New York. With a robust team of over 2,800 employees across 26 countries, the firm manages a staggering $509 billion in portfolios comprising equities, fixed income, private equity, real estate, and hedge funds. Known for its commitment to active management and fundamental research, Neuberger Berman stresses the importance of engaged ownership. Moreover, its superior practices in Environmental, Social, and Governance (ESG) criteria have earned the firm a place among the top 1% of investment firms recognized for excellence in this arena. For the past decade, Pensions & Investments has named Neuberger Berman as one of the top companies to work for in the money management sector.

For further insights and information, they can be accessed through their official website at www.nb.com. As a reminder, statements made reflecting forward-looking information involve various risks and uncertainties, including those related to market fluctuations, economic shifts, and competitive factors that could impact the fund's performance or distribution policies in the future.

In conclusion, for investors involved with Neuberger Berman, this monthly distribution declaration reaffirms their commitment to providing consistent returns, though awareness of the underlying factors that could influence these payments is crucial for informed investment strategies.