Neuberger High Yield Strategies Fund Reports Rights Offering Results with Strong Demand

Neuberger High Yield Strategies Fund's Rights Offering Results

On April 16, 2026, Neuberger High Yield Strategies Fund Inc., a prominent player in the investment market, revealed the preliminary outcomes of its recently conducted rights offering. This event commenced on March 23, 2026, and reached its conclusion on April 15, 2026. The rights offering served as a significant opportunity for the Fund's shareholders, where each stockholder of record was granted a transferable right for every share they possessed. This strategic move allowed existing investors the chance to deepen their investment in the Fund by acquiring additional shares at a reduced price.

Under the terms of the offering, shareholders were required to submit three rights along with a subscription payment to purchase each new share. The agreed-upon price for the new shares was $6.50 each, a figure set at 92.5% of the net asset value of the common stock at the market closure on the expiration date. The successful strategy was evident as the preliminary results highlighted that the offer was significantly over-subscribed, demonstrating a strong demand from investors eager to engage further with the Fund.

The over-subscription is projected to yield approximately 10,463,948 new shares issued, generating gross proceeds estimated at around $68.0 million. These funds are aimed at enhancing the Fund’s ability to invest in high yield debt securities, aligning with its overarching objective of maximizing total returns through income and capital appreciation. Following the rights offering, the shares allocated to subscribers will be distributed promptly after completing the proportional allocation of the over-subscription shares. Any excess funds from the payments made by subscribing investors will be returned in full.

In light of the positive reception of the offering, Neuberger is looking to finalize and announce the comprehensive results in due course. This offering comes at a vital time, reflecting broader trends in the investment market where yields on high-risk investments have become increasingly sought after as per market analyses.

Neuberger High Yield Strategies Fund targets a high total return through a strategic investment pool primarily consisting of high yield securities, which are often categorized as below investment grade. This strategy allows the Fund to maintain a flexible investment approach, accommodating premium assets up to 20% in various forms and up to 15% in collateralized loan obligations.

Although the press release imparts significant results, it is also important to note that the information provided is provisional and may be subject to adjustments. Investors are encouraged to review the Fund's prospectus and the relevant legal documents available on the SEC's EDGAR database before making any investment decisions.

For those interested in seeking additional details regarding the rights offering, inquiries should be directed to the Fund’s information agent, EQ Fund Solutions, LLC, by calling (800) 290-6428.

Overview of Neuberger High Yield Strategies Fund

Founded in 1939, Neuberger Berman is a privately held, employee-owned investment management firm with a strong reputation and substantial assets under management. With over 3,000 employees operating in 26 countries, Neuberger manages approximately $567 billion in various investment portfolios across different asset classes, including equities, fixed income, and private markets. Recognized for its commitment to active management and thorough fundamental research, Neuberger continues to aim for excellence in investment management with a focus on both client service and employee engagement. The firm has received numerous accolades for its operational standards, including being named the Best Asset Manager for Institutional Investors in the U.S.

As investors navigate a complex financial landscape, opportunities like the rights offering from Neuberger High Yield Strategies Fund present avenues for potential growth, capitalizing on high yield returns while acknowledging inherent risks.