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Neuberger Berman High Yield Strategies Fund Announces Chris Kocinski Added as Co-Portfolio Manager

NEW YORK, May 8, 2019 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today that Chris Kocinski has been named co-portfolio manager of the Fund, effective immediately.

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman's team is more than 2,100 professionals. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. For more information, please visit our website at www.nb.com . (PRNewsFoto/Neuberger Berman Group LLC)

Chris Kocinski joins Thomas P. O'Reilly, Russ Covode, Daniel Doyle and Joseph Lind as a portfolio manager of the Fund. Chris Kocinski joined Neuberger Berman in 2006 and before being named co-portfolio manager of the Fund, he was the co-director of non-investment grade credit research and a senior research analyst for the firm.

The Fund's portfolio managers contribute to Neuberger Berman's broader Non-Investment Grade team of portfolio managers, research analysts, portfolio specialists and traders. The team-based approach to portfolio management positions the Non-Investment Grade team to deliver the same continuity of investment process and risk management that has distinguished it for the past two decades.

Media Contact: Alex Samuelson, (212) 476-5392, Alexander.Samuelson@NB.com

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman's team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $323 billion in client assets as of March 31, 2019. For more information, please visit our website at www.nb.com.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:                                                                                                               
Neuberger Berman Investment Advisers LLC                                                                              
Investor Information: (877) 461-1899

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