Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAmex: NRO)
has announced a distribution declaration of $0.02 per share of common
stock. The distribution announced today is payable on August 31, 2012,
has a record date of August 15, 2012 and has an ex-date of August 13,
2012.
Under its level distribution policy, the Fund anticipates that it will
make regular monthly distributions, subject to market conditions, of
$0.02 per share of common stock, unless further action is taken to
determine another amount. There is no assurance that the Fund will
always be able to pay a distribution of any particular size, or that a
distribution will consist of only net investment income. The Fund’s
ability to maintain its current distribution rate will depend on a
number of factors, including the stability of income received from its
investments, availability of capital gains, the cost of leverage and the
level of other Fund expenses.
The distributions announced today, as well as future distributions, may
consist of net investment income, realized capital gains and return of
capital. In compliance with Section 19 of the Investment Company Act of
1940, as amended, a notice would be provided for any distribution that
does not consist solely of net investment income. The notice would be
for informational purposes, and would disclose, among other things,
estimated portions of the distribution, if any, consisting of net
investment income, capital gains and return of capital.
Neuberger Berman is a private, independent, employee-controlled
investment manager. It partners with institutions, advisors and
individuals throughout the world to customize solutions that address
their needs for income, growth and capital preservation. With more than
1,700 professionals focused exclusively on asset management, it offers
an investment culture of independent thinking. Founded in 1939, the
company provides solutions across equities, fixed income, hedge funds
and private equity, and had $194 billion in assets under management as
of June 30, 2012. For more information, please visit our website at www.nb.com.
Statements made in this release that look forward in time involve risks
and uncertainties and are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such risks and
uncertainties include, without limitation, the adverse effect from a
decline in the securities markets or a decline in the Fund’s
performance, a general downturn in the economy, competition from other
closed-end investment companies, changes in government policy or
regulation, inability of the Fund’s investment adviser to attract or
retain key employees, inability of the Fund to implement its investment
strategy, inability of the Fund to manage rapid expansion and unforeseen
costs and other effects related to legal proceedings or investigations
of governmental and self-regulatory organizations.
