Business & Finance
Wed, February 4, 2009Tue, February 3, 2009Mon, February 2, 2009Sun, February 1, 2009Fri, January 30, 2009Thu, January 29, 2009Wed, January 28, 2009Tue, January 27, 2009Mon, January 26, 2009Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution
Published in Business and Finance on Thursday, January 29th 2009 at 18:34 GMT, Last Modified on 2009-01-29 18:35:06 by Market Wire
NEW YORK--([ BUSINESS WIRE ])--The Board of Trustees of Neuberger Berman High Yield Strategies Fund (NYSE: NHS), formerly known as Lehman Brothers/First Trust Income Opportunity Fund, has declared a monthly distribution of $0.085 per share. The distribution announced today is payable on February 27, 2009, has a record date of February 17, 2009 and an ex-date of February 12, 2009.
The Fund's ability to maintain its distribution will be dependent on several factors, including the stability of income received from its investments, the degree of cost associated with its 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.
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 Management LLC, the Fund's investment manager, is a subsidiary of Neuberger Berman Holdings LLC, an investment advisory company serving individuals, families, and taxable and non-taxable institutions with a broad range of investment products, services and strategies. Neuberger Berman engages in wealth management services including private asset management, mutual funds, institutional management and alternative investments. For further information about Neuberger Berman please visit [ 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.
