Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution

Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) has announced a monthly distribution of $0.0905 per share of common stock. The distribution, which is payable on December 31, 2024, has a record date of December 16, 2024, and an ex-date of December 16, 2024. This announcement is in line with the Fund's level distribution policy, which aims to maintain a stable distribution amount for its shareholders.

The Fund's investment objective is to seek high total return (income plus capital appreciation) by investing at least 80% of its total assets in high yield debt securities of U.S. and foreign issuers. The current distribution aligns with this strategy, as it is derived from the income generated by these investments.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0905 per share of common stock, unless further action is taken to determine another amount. The Fund's ability to maintain its current distribution rate depends on various factors, including the amount and stability of income received from its investments, the cost of leverage, and the level of other Fund fees and expenses.

The Fund's annual expense ratios, as of October 31, 2024, include a management fee of 0.99% and other expenses of 3.36%, resulting in a total expense ratio of 6.08% per common share. The Fund's effective leverage was 29.06% as of October 28, 2024, which is managed to support the Fund's business and NAV reporting requirements.



In compliance with Section 19 of the Investment Company Act of 1940, as amended, the Fund will provide a notice for any distribution that does not consist solely of net investment income. This notice will disclose the estimated portions of the distribution, if any, consisting of net investment income, capital gains, and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2024 will be made after the end of the year.

Neuberger Berman, the Fund's sponsor, is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $509 billion of equities, fixed income, private equity, real estate, and hedge fund portfolios for global institutions, advisors, and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research, and engaged ownership.

In summary, Neuberger Berman High Yield Strategies Fund Inc. (NHS) has announced a monthly distribution of $0.0905 per share of common stock, aligning with its level distribution policy and long-term strategy. The Fund's ability to maintain its current distribution rate depends on various factors, including the performance of its investments, the cost of leverage, and other fees and expenses. The Fund will provide notice if any distribution does not consist solely of net investment income, and the final determination of the source and tax characteristics of all distributions paid in 2024 will be made after the end of the year.