Boards of Neuberger Berman Mutual Funds Appoint Two New Members

NEW YORK, Sept. 11, 2015 /PRNewswire/ -- The Boards of Neuberger Berman's mutual funds, including the closed-end funds, have appointed Michael Cosgrove and Marc Gary as board members.

Mr. Cosgrove is the President of Carragh Consulting USA, which specializes in asset management, including pensions and mutual funds, and funding for small industrial companies.  He previously held several senior positions within General Electric Company's asset management businesses.

Mr. Gary is the Executive Vice Chancellor and Chief Operating Officer of The Jewish Theological Seminary.  He previously was General Counsel for Fidelity Investments and BellSouth Corporation.

Neuberger Berman's closed-end funds are listed below.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman's team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $251 billion in client assets as of June 30, 2015. For more information, please visit our website at www.nb.com.

Contact: Neuberger Berman Management LLC
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