NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES ISSUANCE OF PREFERRED SHARES
NEW YORK, Sept. 29, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS) (the "Fund") announced today that it has successfully completed a private placement of 400 Mandatory Redeemable Preferred Shares, Series D (the "Preferred Shares") with an aggregate liquidation preference of $40,000,000 to a major unaffiliated financial institution. The Preferred Shares pay dividends based on a floating rate and have a term of three years.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The
