Neuberger Berman Real Estate Securities Income Fund Announces Increase In Distribution Rate And Declaration Of Next Monthly Distribution

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May 31, 2017, 16:30 ET

NEW YORK, May 31, 2017 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the "Fund") has announced an increase in its monthly distribution rate to $0.045 per share of common stock from the prior monthly distribution rate of $0.04 per share. The Fund has also declared its next monthly distribution at the new rate, which is payable on June 30, 2017, has a record date of June 15, 2017 and has an ex-date of June 13, 2017. The distribution rate increase announced today is the latest step in a series of discount mitigation measures the Fund has undertaken in an ongoing effort to improve stockholder value.

The Fund's annual distribution per share of common stock is now $0.54 versus the prior annual amount of $0.48. The new $0.045 per share monthly distribution represents an annualized distribution rate of approximately 9.28% per share of common stock based on the Fund's net asset value of $5.82 per share on May 30, 2017.

The distributions announced today, 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. The notice would be for informational purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital.

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 19 countries, Neuberger Berman's team is approximately 1,900 professionals, as of May 1, 2017. The company was named the #1 firm in Pensions & Investments 2016 Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $267 billion in client assets as of March 31, 2017. For more information, please visit our website at www.nb.com.

Statements made in this release that look forward in time involve risks and uncertainties. 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.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

SOURCE Neuberger Berman