NEW YORK , March 3, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on March 31, 2025, has a record date of March 17, 2025, and has an ex-date of March 17, 2025.
NEW YORK , Feb. 25, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced today the final results of its transferable rights offering (the "Offer"), which expired at 5:00 PM Eastern Time on February 19, 2025 (the "Expiration Date"). The final subscription price per share of common stock of the Fund ("Common Stock") was $3.25, which 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.
NEW YORK , Feb. 20, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced today the preliminary results of its transferable rights offering (the "Offer"), which commenced on January 23, 2025 and expired on February 19, 2025 (the "Expiration Date"). Pursuant to the Offer, the Fund issued one transferable right (a "Right") for each share of common stock of the Fund ("Common Stock") held by stockholders of record as of January 23, 2025.
The Neuberger Berman Real Estate Securities Income Fund Inc offers high current income and inflation-resistant real estate exposure, boasting an 11.01% yield, significantly higher than the 2.52% yield of the iShares U.S. Real Estate ETF. Despite its attractive yield, the fund has underperformed the U.S. real estate index over the past decade, partly due to leveraged losses during market downturns. The NRO closed-end fund's portfolio is invested primarily in equity REITs, which should prove better than mortgage REITs for inflation protection.
NEW YORK , Jan. 13, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced approval of the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common stock (par value $0.0001 per share) ("Common Stock"), as of the record date, January 23, 2025 (the "Record Date"). Holders of these Rights will be entitled to subscribe for additional shares of Common Stock (the "Offer") at a discount to market price.
NEW YORK , Jan. 13, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced an early declaration of the Fund's regular monthly distribution payable in February. The $0.0312 per share of common stock distribution announced today is payable on February 28, 2025, has a record date of February 6, 2025, and has an ex-date of February 6, 2025.
NEW YORK , Dec. 31, 2024 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on January 31, 2025, has a record date of January 15, 2025, and has an ex-date of January 15, 2025.
NEW YORK , Nov. 29, 2024 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on December 31, 2024, has a record date of December 16, 2024, and has an ex-date of December 16, 2024.
NEW YORK , Oct. 31, 2024 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on November 29, 2024, has a record date of November 15, 2024, and has an ex-date of November 15, 2024.
The Neuberger Berman Real Estate Securities Income Fund offers a 9.48% yield, making it an attractive option for income-focused investors seeking inflation protection. Real estate investment trusts historically outperform equities and fixed-income securities during high inflation, suggesting their inclusion in portfolios as a hedge. The NRO closed-end fund's lower yield compared to some peers implies market confidence in its distribution sustainability, appealing to risk-averse investors.