Neuberger Berman Declares Monthly Distribution for Real Estate Income Fund

Neuberger Berman Real Estate Securities Income Fund Announces Monthly Distribution

On November 29, 2024, Neuberger Berman Real Estate Securities Income Fund Inc. (trading on NYSE American as NRO) made a significant announcement regarding its upcoming distribution. The fund declared a distribution of $0.0312 per share of common stock, scheduled for payment on December 31, 2024. This declaration comes with a record date of December 16, 2024, meaning that shareholders must own the stock by this date to receive the distribution.

The fund operates under a consistent level distribution policy, which means it aims to provide regular monthly distributions of the same amount per share, subject to changing market conditions. The $0.0312 payout is not guaranteed and may fluctuate depending on various factors, including the fund’s income stability, capital gains availability, and the costs related to leverage used by the fund.

Distributions from the fund may comprise various components including net investment income, realized capital gains, and capital return. Notably, any distribution not made solely from net investment income will be accompanied by a notification, as mandated by Section 19 of the Investment Company Act of 1940. Such notices serve informational purposes to shareholders and do not affect tax reporting requirements, although they will disclose estimations regarding the distributions’ components.

The overarching goal of the Neuberger Berman team, which has been managing investment portfolios since 1939, is to uphold a commitment to active and fundamental management practices. Operating in 26 countries with a workforce exceeding 2,800 employees, Neuberger Berman manages a robust $509 billion across various segments such as equities, fixed-income securities, private equity, real estate, and hedge funds. Their investment philosophy dedicates itself to researching potential investments and maintaining hands-on engagements, ensuring they keep up with evolving market conditions.

In addition to maintaining transparency with its investors, the firm is also recognized for its leadership in environmental, social, and governance (ESG) practices, having been acknowledged by the PRI as part of the Leader's Group, a distinction awarded to less than one percent of investment firms.

Moreover, for the past decade, Neuberger Berman has been consistently recognized as one of the top employers in the asset management sector. This reputation comes from its commitment to fostering a positive work environment and investing in human capital.

In conclusion, shareholders of the Neuberger Berman Real Estate Securities Income Fund can expect their monthly distributions to continue as planned, provided that market conditions remain favorable. The firm emphasizes the importance of clear communication regarding income distribution and encourages investors to stay informed about the fund's performance and future outlooks. As always, shareholders should remain vigilant to the nature of income derived from their investments, as changes in revenue dynamics could impact future disbursements.

For additional information, investors can reach out to Neuberger Berman’s dedicated investor services team.