{"id":407025,"date":"2020-12-31T16:33:36","date_gmt":"2020-12-31T21:33:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407025"},"modified":"2020-12-31T16:33:36","modified_gmt":"2020-12-31T21:33:36","slug":"neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/","title":{"rendered":"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 31, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the &#8220;Fund&#8221;) has announced a decrease in its monthly distribution rate and declared its next monthly distribution at the new rate.\u00a0The distribution announced today is payable on <span class=\"xn-chron\">January 29, 2021<\/span>, with a record date of <span class=\"xn-chron\">January 15, 2021<\/span> and an ex-date of <span class=\"xn-chron\">January 14, 2021<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/75472\/neuberger_berman_group_llc_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/75472\/neuberger_berman_group_llc_logo.jpg\" title=\"Neuberger Berman Logo (PRNewsFoto\/Neuberger Berman Group LLC)\" alt=\"Neuberger Berman Logo (PRNewsFoto\/Neuberger Berman Group LLC)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Fund decreased its monthly distribution rate to <span class=\"xn-money\">$0.0312<\/span> per share of common stock from the prior monthly distribution rate of <span class=\"xn-money\">$0.04<\/span> per share.\u00a0The Fund&#8217;s annual distribution per share of common stock is now <span class=\"xn-money\">$0.3744<\/span> versus the prior annual amount of <span class=\"xn-money\">$0.48<\/span>.\u00a0The new amount per share represents an annualized distribution rate of approximately 8.45% based on the Fund&#8217;s net asset value of <span class=\"xn-money\">$4.43<\/span> per share on <span class=\"xn-chron\">December 30, 2020<\/span>.<\/p>\n<p>The decrease in the Fund&#8217;s distribution rate is the result of numerous factors, including reductions in the amount of leverage employed by the Fund and the resultant overall reduction in the amount of investment income earned, and expected to be earned in the near future, by the Fund.<\/p>\n<p>Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of <span class=\"xn-money\">$0.0312<\/span> 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 amount, or that a distribution will consist of only net investment income. The Fund&#8217;s ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund expenses. <\/p>\n<p>The distribution 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 not for tax reporting 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. The final determination of the source and tax characteristics of all distributions paid in 2021 will be made after the end of the year.<\/p>\n<p>\n        <b>About Neuberger Berman<\/b>\n      <\/p>\n<p>Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies\u2014including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds\u2014on behalf of institutions, advisors and individual investors globally. With offices in 24 countries, Neuberger Berman&#8217;s diverse team has over 2,300 professionals. For seven consecutive years, the company has been named first or second in Pensions &amp; Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more).\u00a0In 2020, the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024416-3&amp;h=1176780738&amp;u=https%3A%2F%2Fwww.nb.com%2Fen%2Fus%2Fesg%2Fcollaboration&amp;a=PRI\" rel=\"nofollow noopener noreferrer\">PRI<\/a> named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages <span class=\"xn-money\">$374 billion<\/span> in client assets as of <span class=\"xn-chron\">September 30, 2020<\/span>. For more information, please visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024416-3&amp;h=3945466583&amp;u=http%3A%2F%2Fwww.nb.com%2F&amp;a=www.nb.com\" rel=\"nofollow noopener noreferrer\">www.nb.com<\/a>.<\/p>\n<p>Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund&#8217;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&#8217;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.<\/p>\n<p>\n        <b>Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/><\/b>Neuberger Berman Investment Advisers LLC\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/>Investor Information <br \/>(877) 461-1899<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY35685&amp;sd=2020-12-31\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution-301199720.html\">http:\/\/www.prnewswire.com\/news-releases\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution-301199720.html<\/a><\/p>\n<p>SOURCE  Neuberger Berman<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY35685&amp;Transmission_Id=202012311630PR_NEWS_USPR_____NY35685&amp;DateId=20201231\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Dec. 31, 2020 \/PRNewswire\/ &#8212;\u00a0Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the &#8220;Fund&#8221;) has announced a decrease in its monthly distribution rate and declared its next monthly distribution at the new rate.\u00a0The distribution announced today is payable on January 29, 2021, with a record date of January 15, 2021 and an ex-date of January 14, 2021. The Fund decreased its monthly distribution rate to $0.0312 per share of common stock from the prior monthly distribution rate of $0.04 per share.\u00a0The Fund&#8217;s annual distribution per share of common stock is now $0.3744 versus the prior annual amount of $0.48.\u00a0The new amount per share represents an annualized distribution rate of approximately 8.45% based on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407025","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 31, 2020 \/PRNewswire\/ &#8212;\u00a0Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the &#8220;Fund&#8221;) has announced a decrease in its monthly distribution rate and declared its next monthly distribution at the new rate.\u00a0The distribution announced today is payable on January 29, 2021, with a record date of January 15, 2021 and an ex-date of January 14, 2021. The Fund decreased its monthly distribution rate to $0.0312 per share of common stock from the prior monthly distribution rate of $0.04 per share.\u00a0The Fund&#8217;s annual distribution per share of common stock is now $0.3744 versus the prior annual amount of $0.48.\u00a0The new amount per share represents an annualized distribution rate of approximately 8.45% based on &hellip; Continue reading &quot;Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-31T21:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/75472\/neuberger_berman_group_llc_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution\",\"datePublished\":\"2020-12-31T21:33:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/\"},\"wordCount\":692,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/75472\\\/neuberger_berman_group_llc_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\\\/\",\"name\":\"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution - 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(NYSE American: NRO) (the &#8220;Fund&#8221;) has announced a decrease in its monthly distribution rate and declared its next monthly distribution at the new rate.\u00a0The distribution announced today is payable on January 29, 2021, with a record date of January 15, 2021 and an ex-date of January 14, 2021. The Fund decreased its monthly distribution rate to $0.0312 per share of common stock from the prior monthly distribution rate of $0.04 per share.\u00a0The Fund&#8217;s annual distribution per share of common stock is now $0.3744 versus the prior annual amount of $0.48.\u00a0The new amount per share represents an annualized distribution rate of approximately 8.45% based on &hellip; Continue reading \"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-31T21:33:36+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/75472\/neuberger_berman_group_llc_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution","datePublished":"2020-12-31T21:33:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/"},"wordCount":692,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/75472\/neuberger_berman_group_llc_logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/neuberger-berman-real-estate-securities-income-fund-announces-decrease-in-distribution-rate-and-declaration-of-distribution\/","name":"Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution - 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