Neuberger Berman Real Estate Securities Income Fund Inc. Announces Partial Leverage Refinancing

NEW YORK, Oct. 1, 2014 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the "Fund") announced today that it has successfully refinanced its debt leverage by entering into a new credit facility, with an initial term of five years, with a major unaffiliated lending institution.  The Fund used the majority of its initial borrowings under the new credit facility to repay the outstanding borrowings under its prior credit facility.  In connection with the new credit facility the Fund has increased the amount of leverage it employs.

The Fund's new credit facility, when combined with its outstanding mandatory redeemable preferred shares, should provide increased stability to the Fund's overall cost of leverage by meaningfully increasing the amount of fixed-rate financing utilized by the Fund and by securing debt financing for an initial term of five years.

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager.  The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide.  With offices in 17 countries, Neuberger Berman's team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 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 $257 billion in client assets as of June 30, 2014.  For more information, please visit our website at www.nb.com.

Certain statements in this press release, such as those related to the use of leverage constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Fund, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Among other risks and uncertainties are the ability to successfully use leverage and the possibility that costs associated with the leverage are higher than expected. As a result, no assurance can be given as to future results, levels of activity, including the level of leverage, performance or achievements, and neither the Fund nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.

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

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SOURCE Neuberger Berman Real Estate Securities Income Fund Inc.