Neuberger Berman Income Opportunity Fund & Neuberger Berman High Yield Strategies Fund Announce Expected Closing of Reorganiz...
04 8월 2010 - 9:45AM
Business Wire
Neuberger Berman Income Opportunity Fund Inc. (NYSE Amex: NOX)
and Neuberger Berman High Yield Strategies Fund (NYSE: NHS) (each a
“Fund”) announced that they anticipate the reorganization of each
Fund into a newly formed fund, Neuberger Berman High Yield
Strategies Fund Inc. (the “New Fund”), will be effective after the
close of business on Friday, August 6, 2010.
NHS common shareholders will receive the same number of New Fund
shares as the NHS shares they held immediately prior to the
reorganization. NOX common stockholders will receive a different
number of New Fund shares than the NOX shares they held immediately
prior to the reorganization. The number of New Fund shares issued
to NOX common stockholders will be based on the relative net asset
value per share of NOX and New Fund (the “share conversion
factor”). NOX common stockholders will generally receive cash in
lieu of any fractional New Fund shares. To facilitate the
operational processing of the reorganization in a timely manner,
the share conversion factor for NOX common stockholders will be
determined after the close of business on Thursday, August 5, 2010,
using each Fund’s net asset value per share calculated that day.
Details of the share conversion factor along with other important
information relating to the closing of the reorganization will be
communicated by press release on Monday, August 9, 2010. The New
Fund’s common stock will be listed on the NYSE Amex under the
ticker symbol NHS.
It is currently expected that New Fund will declare its initial
monthly distribution after the completion of the reorganization.
This initial monthly distribution is expected to be payable on
August 31, 2010, with a record date of August 16, 2010, and an
ex-date of August 12, 2010.
About Neuberger Berman
Neuberger Berman Group LLC is one of the world’s leading
private, independent, employee-controlled asset management
companies. As of June 30, 2010, assets under management were
approximately $169 billion. Established in 1939, Neuberger Berman
is a leader in a broad range of global investment solutions –
equity, fixed income, and alternatives – to institutions and
individuals through customized separately managed accounts, mutual
funds and alternative investment products. 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 and are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in a Fund’s performance, a general downturn in the economy,
competition from other closed-end investment companies, changes in
government policy or regulation, inability of a Fund’s investment
adviser to attract or retain key employees, inability of a Fund to
implement its investment strategy, inability of a Fund to manage
rapid expansion and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and
self-regulatory organizations.
Neuberger Berman Income Opportunity Fund (AMEX:NOX)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Neuberger Berman Income Opportunity Fund (AMEX:NOX)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024