|Bid||3.6000 x 900|
|Ask||3.6100 x 800|
|Day's Range||3.5800 - 3.6200|
|52 Week Range||1.9400 - 6.0800|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.48 (13.33%)|
|Ex-Dividend Date||Jun 12, 2020|
|1y Target Est||N/A|
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.04 per share of common stock. The distribution announced today is payable on July 31, 2020, has a record date of July 15, 2020 and has an ex-date of July 14, 2020.
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") announced today that it has reduced the amount of outstanding borrowings under its leverage facility to bring the amount of available debt financing in line with the Fund's current asset level. In connection with doing so, the Fund repaid the three-year fixed-rate term loan of $30 million due September 2022, and incurred certain costs therewith. As a result, after the repayment, the amount of the Fund's outstanding borrowings was reduced to $30 million, consisting of an existing $30 million five-year, fixed-rate term loan, due September 2024. Under the Fund's current leverage structure, the Fund has the five-year term loan and can borrow up to an additional $40 million through its revolving credit facility for any future leverage needs.
NEW YORK, Oct. 15, 2019 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") announced today that it has successfully refinanced its debt leverage by entering into a new credit facility with a major unaffiliated lending institution. The Fund used the new credit facility to repay the outstanding borrowings under its prior credit facility. In connection with the new credit facility, the amount of leverage employed by the Fund has not changed.