- PR Newswire•12 hours ago
NEW YORK, Dec. 9, 2016 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) (the "Fund") announced that it commenced a tender offer today. As previously announced, the Fund will purchase up to 15% of its outstanding shares of common stock for cash at a price equal to 98% of its net asset value per share determined on January 9, 2017, or such later date to which the tender offer is extended. The tender offer will expire on January 10, 2017, at 12:00 midnight, New York City time (one minute after 11:59 P.M., New York City time, on January 9, 2017), unless the offer is extended. Additional terms and conditions of the tender offer are set forth in the Fund's tender offer materials, which are being distributed to stockholders. If the amount of the Fund's outstanding common stock that is tendered exceeds the maximum amount of its offer, the Fund will purchase shares from tendering stockholders on a pro rata basis (after taking into account "odd lots" and with appropriate adjustment to avoid purchase of fractional shares of common stock). Accordingly, there is no assurance that the Fund will purchase all of a stockholder's tendered shares.
- PR Newswire•9 days ago
NEW YORK, Nov. 30, 2016 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE MKT: NRO) has announced a distribution declaration of $0.04 per share of common stock. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the stability of income received from its investments, availability of capital gains, the cost of leverage and the level of other Fund expenses. The distributions announced today, as well as future distributions, may consist of net investment income, realized capital gains and return of capital.
- PR Newswire•last monthManager Richard Nackenson Leads Neuberger Berman Multi-Cap Opportunities Fund To Top Decile Performance Over Past Five Years
NEW YORK, Nov. 7, 2016 /PRNewswire/ -- The Neuberger Berman Multi-Cap Opportunities Fund (the "Fund") Institutional Class (NMULX) has delivered performance for investors that ranks in the top 7th percentile of the large blend category (of 1,196 funds) over the last five years ending October 31, 2016, according to data from Morningstar Inc. The Neuberger Berman Multi-Cap Opportunities Fund is an actively managed U.S. equity fund which typically invests in 30-40 core holdings across the market capitalization spectrum. The Fund has been managed by Richard Nackenson, a Managing Director and Portfolio Manager at Neuberger Berman, since 2009.
NRO : Summary for Neuberger Berman Real Estate Se - Yahoo Finance
Neuberger Berman Real Estate Securities Income Fund Inc. (NRO)
NYSE MKT - NYSE MKT Real Time Price. Currency in USD
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|Bid||5.35 x 100|
|Ask||5.41 x 200|
|Day's Range||5.34 - 5.39|
|52 Week Range||4.14 - 6.00|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||37.10|
|Dividend & Yield||0.48 (9.01%)|
|1y Target Est||N/A|