realestate

NRO REIT Fund Holds Steady at $0.0312 Dividend: Implications for Real Estate Investors

Real estate securities fund maintains level distribution policy, with next payment due March 31, 2025, subject to market conditions.

N
euberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) has announced a distribution of $0.0312 per share of common stock, payable on March 31, 2025. The record date is March 17, 2025, and the ex-date is also March 17, 2025.

    Under its level distribution policy, the Fund plans to make regular monthly distributions of $0.0312 per share, subject to market conditions. However, there's no guarantee that the Fund will always pay a certain amount or that a distribution will consist solely of net investment income. The ability to maintain the current distribution rate depends on various factors, including income from investments, availability of capital gains, leverage employed by the Fund, and fees and expenses.

    Distributions may consist of net investment income, net realized capital gains, and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, a notice will be provided for any distribution that doesn't consist solely of net investment income. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year.

    Neuberger Berman is an employee-owned, private investment manager founded in 1939 with over $508 billion in assets under management. The firm manages portfolios for global institutions, advisors, and individuals through active management, fundamental research, and engaged ownership.

    Statements made in this release that look forward in time involve risks and uncertainties, including market declines, economic downturns, competition from other closed-end investment companies, government policy changes, and unforeseen costs related to legal proceedings.

NRO REIT Fund logo with steady dividend at $0.0312 in real estate market.