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Neuberger Berman Real Estate Se Message Board

  • esdeinvestor esdeinvestor Oct 7, 2008 9:48 AM Flag

    Can someone call NRO today?

    Please find out how much the assets are compared to the leverage...

    As of Friday, it was 473m leverage and 486m of common assets.

    We need to know if this breached 50% and what they plan to do...

    I called yesterday, so it would be nice for someone else to call please...


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    • Just called them (1:39 pm on 10/07). The rep told me that they are above 50% leverage ratio and that the management is looking at the ways to address that.

      He said he did not know if the current dividend is fully supported by income from fund holdings without selling some shares to keep the dividend. He did not want to speculate as to how low the share price can go in current market situation. The NB is in transition from LEH to the new owners. He said that the selling may be to some degree caused by the hedge funds and other big investors getting out to generate cash needed for redemptions.

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