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NEW YORK - Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO), an investment fund with a market capitalization of $153.26 million, declared a monthly distribution of $0.0312 per share of common stock, payable on June 30, 2025. The record date for the distribution is June 16, 2025, with the same date set as the ex-date. According to InvestingPro data, the fund currently offers an attractive dividend yield of 11.59% and has maintained dividend payments for 23 consecutive years.
The Fund operates under a level distribution policy, intending to make consistent monthly distributions. However, the Fund notes that there is no guarantee of maintaining a fixed distribution amount. Factors such as investment income stability, capital gains, leverage costs, and overall fund expenses will influence the ability to sustain this rate. InvestingPro analysis indicates the fund trades at a P/E ratio of 2.5, though investors should note that short-term obligations exceed liquid assets with a current ratio of 0.75.
Distributions may include a combination of net investment income, net realized capital gains, and return of capital. In accordance with regulatory requirements, the Fund will provide a notice if distributions are sourced from anything other than net investment income, detailing the estimated composition of these payments.
Neuberger Berman, the managing entity founded in 1939, is an independent investment manager with a global presence and $515 billion in managed assets as of March 31, 2025. The firm has consistently been ranked as a top workplace in the money management industry. Recent InvestingPro data shows the fund maintains a GOOD overall financial health score of 2.96, with revenue growth of 3.77% in the last twelve months.
The announcement also cautions investors about the inherent risks and uncertainties associated with forward-looking statements, including market volatility, economic downturns, competitive pressures, regulatory changes, and other factors that could impact the Fund’s performance.
This news is based on a press release statement from Neuberger Berman.
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