N
euberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has announced an amendment to its leverage facility, restructuring it from a revolving credit facility to a margin facility and increasing the committed debt financing from $70 million to $90 million. This adjustment brings the facility more in line with the fund's current asset level.
Neuberger Berman is a private, independent investment manager founded in 1939 with over 2,800 employees worldwide. The firm manages $515 billion of portfolios for global institutions, advisors, and individuals, focusing on active management, fundamental research, and engaged ownership. Neuberger Berman has been recognized as one of the best places to work in money management by Pensions & Investments.
Forward-looking statements made in this release involve risks and uncertainties, including market declines, economic downturns, competition from other investment companies, regulatory changes, and unforeseen costs related to legal proceedings or investigations.
