Neuberger Berman High Yield Strategies Fund Inc. (NYSEAmex: NHS) has
announced a distribution declaration of $0.09 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
$0.09 per share, unless the Board believes that further action is
warranted to determine another amount. The Fund’s ability to maintain a
stable distribution will depend on several factors, including the
stability of income received from its investments, the cost of leverage
and the level of other Fund expenses. There is no assurance that the
Fund will always be able to pay a distribution of any particular rate or
that a distribution will consist only of net investment income.
Due to an effort to maintain a stable distribution amount, the
distribution declared, 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. This notice would be for
informational purposes, and would disclose, among other things,
estimated portions of the distributions, if any, consisting of net
investment income, capital gain 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.
