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NEW YORK - Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS), currently trading at $7.47 with a market capitalization of $226 million, has declared a monthly distribution of $0.0905 per share. This payout is scheduled for June 30, with shareholders on record as of June 16 and the ex-date also on June 16. According to InvestingPro data, the fund offers an impressive 14.6% dividend yield and has maintained dividend payments for 17 consecutive years.
The Fund operates under a level distribution policy, aiming to provide consistent monthly distributions. The ability to sustain the current distribution rate hinges on various factors, including the income generated from investments, costs associated with leverage, and the overall fees and expenses of the Fund. Notably, InvestingPro analysis shows the Fund maintains a strong financial health score of 3.06 (rated as GREAT) and trades at an attractive P/E ratio of 5.83, with a year-to-date return of 5.45%. While there is an intent to maintain this distribution level, there is no guarantee that distributions will not vary or that they will be comprised solely of net investment income.
In line with maintaining a stable distribution amount, today’s announced distribution, and potentially future ones, may include net investment income, realized capital gains, and a return of capital. Should any distribution deviate from consisting only of net investment income, the Fund will provide a notice in accordance with Section 19 of the Investment Company Act of 1940. This notice, for informational purposes, will break down the distribution’s components but will not serve tax reporting purposes.
The final determination of the source and tax characteristics of all distributions for 2025 will be made after the year’s end.
Neuberger Berman, established in 1939, is a private, independent, employee-owned investment manager. With over 2,800 employees across 26 countries, the firm oversees $515 billion in assets, covering a range of investment vehicles. The firm has consistently been recognized for its workplace environment by Pensions & Investments magazine.
The Fund cautions investors that forward-looking statements are subject to risks and uncertainties. These could include market declines, economic downturns, competitive pressures, regulatory changes, and potential challenges in the Fund’s operations and strategy implementation.
This news is based on a press release statement from Neuberger Berman.
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