Sprouts Farmers Market closes $600 million revolving credit facility
Chris Kocinski, a Portfolio Manager at Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS), recently made a significant purchase of the company’s common stock. According to a recent filing, Kocinski acquired 15,000 shares on May 29, 2025, at an average price of $7.4403 per share. The fund, which boasts a remarkable 14.5% dividend yield and has maintained dividend payments for 17 consecutive years according to InvestingPro, currently trades at an attractive P/E ratio of 6. The transaction, which totaled approximately $111,604, was executed through a series of purchases with prices ranging from $7.425 to $7.445 per share. Following this transaction, Kocinski holds a total of 15,000 shares directly in the $226 million market cap fund. InvestingPro analysis reveals additional valuable insights about NHS’s financial health and market position, with several more exclusive ProTips available to subscribers.
In other recent news, Neuberger Berman High Yield Strategies Fund Inc. announced a monthly distribution of $0.0905 per share. This distribution is scheduled for June 30, with the record date and ex-date set for June 16. The Fund operates under a level distribution policy, aiming to provide consistent monthly payouts, although the sustainability of this rate depends on several factors, including investment income and associated costs. The announced distribution may include net investment income, realized capital gains, and a return of capital. Neuberger Berman will provide a notice if any distribution deviates from net investment income, as required by the Investment Company Act of 1940. The final determination of the source and tax characteristics of all 2025 distributions will be made after the year’s end. Neuberger Berman, a private investment manager established in 1939, oversees $515 billion in assets across various investment vehicles. The firm has been recognized for its workplace environment by Pensions & Investments magazine.
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