Sorry you got burned in 2007. You should have sold at the top.
Most here have bought NRO below a dollar and have enjoyed a 10% dividend along the way. A few have even been able to trade the ups and downs caused by the tender offers.
It does not take rocket science to figure this fund out. Anyone can look at the annual and semi-annual reports and see NRO's actual holdings, and even figure out what NRO is bringing in.
In the dark days after Lehman, which Neuberger was a part of, this fund with Neuberger could have been liquidated, and all the longs given pennies on the dollar in return. Instead Neuberger fought for independence and regained it, as well as keeping this fund whole and paying out giving the longs a chance to recoup losses if they played it smart, and didn't panic and bail. I would think that most here today bought these types of funds with blood in the streets in 2009.
It doesn't sound like everyone here owns this stock since it hit bottom. It's move or failure to move higher has a lot to do with the way it is set up. Research this stock, really research this fund longer than a 3 year period. You will find it interesting.