Neuberger Berman Real Estate Securities Income Fund: A Successful Rights Offering

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has announced the final results of its transferable rights offering, which expired on February 19, 2025. The Offer was over-subscribed, resulting in the issuance of 15,840,458 shares of Common Stock at a final subscription price of $3.25 per share. This price was equal to 90% of the Fund's net asset value per share of Common Stock at the close of trading on the NYSE American on the Expiration Date.

The gross proceeds of the Offer are expected to be approximately $51.5 million, which will be used to invest in additional income-producing assets, potentially leading to higher returns for shareholders. The Fund will return to subscribing investors the full amount of any excess payments. The shares of Common Stock subscribed for are expected to be issued on or about February 26, 2025.

The Offer was over-subscribed, and the over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares issued as part of the over-subscription privilege of the Offer will be allocated pro-rata among record date stockholders who submitted over-subscription requests based on the number of rights originally issued to them by the Fund.

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. Copies of the prospectus supplement and accompanying prospectus and other documents the Fund has filed with the Securities and Exchange Commission may be obtained by visiting the EDGAR database on the SEC's website at www.sec.gov.

Inquiries regarding the Offer should be directed to the Fund's Information Agent, EQ Fund Solutions, LLC, at (866) 387-0017.

About Neuberger Berman Real Estate Securities Income Fund Inc.
The Fund's primary investment objective is high current income. Capital appreciation is a secondary investment objective for the Fund. Under normal market conditions, the Fund invests at least 90% of its total assets in income-producing common equity securities, preferred securities, convertible securities and non-convertible debt securities issued by real estate companies, including real estate investment trusts. The Fund may invest up to 20% of its total assets in debt securities of any credit quality (including convertible and non-convertible debt securities) and up to 10% of its total assets in securities of non-U.S. issuers located in industrialized countries.

About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $508 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. The firm's leadership in stewardship and sustainable investing is recognized by the PRI based on its consecutive above median reporting assessment results. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of December 31, 2024.

In conclusion, the successful rights offering by Neuberger Berman Real Estate Securities Income Fund Inc. has raised approximately $51.5 million, which will be used to invest in additional income-producing assets. The over-subscription of the Offer indicates strong investor interest in the Fund's investment objectives and strategies. Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing.