Neuberger Berman Real Estate Securities Income Fund Announces Results Of Tender Offer Measurement Period

NEW YORK, Oct. 3, 2016 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the "Fund") announced today the results of its previously announced tender offer measurement period.

As part of the ongoing effort to improve the Fund's valuation in the secondary market and narrow the discount at which the market price of the Fund's common stock has traded relative to its net asset value per share ("NAV"), the Fund previously announced that it would conduct a tender offer for up to 15% of its outstanding shares of common stock at a price equal to 98% of the Fund's NAV if the Fund's shares of common stock traded at an average daily discount to NAV of more than 10% during the period from December 31, 2015 through September 30, 2016 (the "Measurement Period").

While the Fund's shares of common stock traded at a discount to NAV of 9.54% as of the close of the Measurement Period, the Fund's average daily discount to NAV for the Measurement Period was 11.80%.  Accordingly, the Fund will conduct a tender offer.

The size and timing of the Fund's tender offer will be announced as soon as practicable.  Additional terms and conditions of the Fund's tender offer will be set forth in its offering materials, which will be distributed to its common stockholders.  Should the number of shares of common stock tendered, and not withdrawn, exceed the maximum size of the Fund's tender offer, it will purchase stock from tendering common stockholders on a pro rata basis.  Accordingly, common stockholders cannot be assured that the Fund will purchase all of their tendered common stock.

This announcement is not a recommendation, an offer to purchase or a solicitation of an offer to sell shares of the Fund.  The Fund has not yet commenced the tender offer described in this release.  Any tender offer will be made only by an offer to purchase, a related letter of transmittal and other documents which will be filed with the Securities and Exchange Commission as exhibits to a tender offer statement on Schedule TO and will be available free of charge at the SEC's website at http://www.sec.gov.  Common stockholders should read the offer to purchase and tender offer statement on Schedule TO and related exhibits when those documents are filed and become available as they will contain important information about the tender offer.

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 2,000 professionals and the company was named by Pensions & Investments as a Best Place to Work in Money Management for three consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $246 billion in client assets as of June 30, 2016. 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.

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Neuberger Berman                                         
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SOURCE Neuberger Berman Real Estate Securities Income Fund Inc.

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