realestate

Neuberger Berman REIT Fund Announces Preliminary Rights Offering Results

Neuberger Berman Real Estate Securities Income Fund Inc. Announces Preliminary Results

N
euberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has announced the preliminary results of its transferable rights offering, which concluded on February 19, 2025. The offer allowed shareholders to purchase additional shares by submitting three transferable rights and a subscription price per share.

    The final subscription price was set at $3.25 per share, representing 90% of the fund's net asset value per share as of the Expiration Date. Based on preliminary results, the offering was over-subscribed, with approximately 15.8 million shares expected to be issued and gross proceeds of around $51.5 million.

    The Fund will allocate shares pro rata among subscribers and return excess payments to investors. The final results will be announced at a later date. Investors should review the fund's prospectus and consider its investment objectives, risks, charges, and expenses before investing.

    Neuberger Berman Real Estate Securities Income Fund Inc.'s primary objective is to generate high current income, with capital appreciation as a secondary goal. The fund invests in income-producing securities issued by real estate companies, including REITs, and may hold debt securities of any credit quality.

    About Neuberger Berman: Founded in 1939, the employee-owned investment manager has over 2,800 employees across 26 countries, managing $508 billion in portfolios for global institutions, advisors, and individuals. The firm is recognized for its active management approach, fundamental research, and engaged ownership, as well as its leadership in stewardship and sustainable investing.

    Contact: Neuberger Berman Investment Advisers LLC at (877) 461-1899 for investor information.

Neuberger Berman REIT Fund announces preliminary rights offering results in New York.