Neuberger Berman High Yield Strategies Fund Inc

Neuberger Berman High Yield Strategies Fund operates as closed-end management investment company. Its investment strategy is to seek high total return. The firm will normally invest at least 80% of its total assets in high yield debt securities of U.S. and foreign issuers, which include securities that are rated below investment grade by a rating agency or are unrated debt securities determined to be of comparable quality by the fund's investment manager. The company was founded on July 28, 2003 and is headquartered in New York, NY.

The Neuberger Berman High Yield Strategies offers a high yield of 14.42%, better than the domestic junk bond index but with higher volatility. Despite its high yield, the market doubts the fund's ability to sustain its payout, implying a potential 35% distribution cut. The fund's recent performance has been disappointing, with a 7.72% share price decline and underperformance compared to both investment-grade and junk bonds.

NHS: This Fund Underperforms Its Peers, And A Hawkish Fed Could Prove Problematic

NEW YORK , Nov. 29, 2024 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") has announced a distribution declaration of $0.0905 per share of common stock. The distribution announced today is payable on December 31, 2024, has a record date of December 16, 2024, and has an ex-date of December 16, 2024.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

I recommend holding Neuberger Berman High Yield Strategies for its 12.8% yield, despite its current high premium to NAV. The NHS closed-end fund benefits from lower interest rates, which increase bond prices, and has outperformed peers in total return YTD. The fund's steady monthly distributions and defensive portfolio make it a compelling high-yield income option.

NHS: High-Yield Bond CEF Yields Over 12% And May Benefit From Lower Rates

The Neuberger Berman High Yield Strategies Fund offers a 13.15% yield, appealing to income-seeking investors but raising concerns about sustainability going forward. The fund primarily invests in junk bonds and has underperformed relevant indices over the past seven months. The fund's leverage ratio has decreased to 27.50%, which is below the peer median, indicating a reasonable use of leverage for its strategy.

NHS: Fully Covered Its High Yield In H1, But Caution Could Be Advisable

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Neuberger Berman High Yield Strategies Fund offers a very high level of income with a 13.46% current yield, higher than most other closed-end funds.

NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)

Neuberger Berman High Yield Strategies offers a high yield of 14.46%, higher than other closed-end funds investing in junk bonds. The NHS closed-end fund's net asset value has been declining, raising concerns about the sustainability of its distribution. The NHS fund is doing a reasonably good job at protecting itself from default risk, which seems to be increasing with interest rates.

NHS: Not A Bad CEF If You're Prepared For A Distribution Cut

NEW YORK , Sept. 29, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: 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.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES ISSUANCE OF PREFERRED SHARES

NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today that it has successfully refinanced its leverage by entering into a new revolving debt financing facility ("Revolving Credit Facility") with a major unaffiliated financial institution.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES LEVERAGE REFINANCING

Neuberger Berman High Yield Strategies offers a remarkable 14.25% distribution yield but has underperformed over the past year due to rising interest rates. The fund primarily invests in junk bonds and aims to provide a high level of current income to investors. The fund employs leverage to boost its yield and total investment returns, but its use of leverage could increase volatility and risk.

NHS: Don't Ignore The Risk Of More Rate Hikes, Best To DCA Purchases

NHS's 2023 rights offering results are in. The offering was oversubscribed, despite the slim discount to the market price. The "sell and rebuy" strategy worked once again.

NHS: 2023 Rights Offering Results

NEW YORK , June 28, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today the final results of its transferable rights offering (the "Offer"), which expired at 5:00 PM Eastern Time on June 21, 2023 (the "Expiration Date"). The final subscription price per share of common stock ("Common Stock") was $7.42, which was equal to 89% of the Fund's net asset value per share of Common Stock at the close of trading on the NYSE American on the Expiration Date.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES FINAL RESULTS OF RIGHTS OFFERING

NEW YORK , June 22, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today the completion of its transferable rights offering (the "Offer"), which commenced on May 23, 2023 and expired on June 21, 2023 (the "Expiration Date"). Pursuant to the Offer, the Fund issued one transferable right (a "Right") for each share of common stock of the Fund ("Common Stock") held by stockholders of record as of May 23, 2023.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES PRELIMINARY RESULTS OF RIGHTS OFFERING

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Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These May U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (83); 2. Stocks by price upside (30); 3. Closed-End Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.56% (80).

83 Monthly-Paying Dividend Stocks And 80 Funds For May

Quick notes on Neuberger Berman High Yield Strategies' rights offering this year. Our suggestion is to sell before the ex-rights date and rebuy after the offering.

NHS: 2023 Rights Offering Quick Notes

NEW YORK , May 11, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") has announced an early declaration of the Fund's regular monthly distribution payable in June. The $0.0905 per share of common stock distribution announced today is payable on June 30, 2023, has a record date of June 5, 2023 and has an ex-date of June 2, 2023.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES EARLY DECLARATION OF REGULAR MONTHLY DISTRIBUTION

NEW YORK , May 11, 2023 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today approval of the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common stock (par value $0.0001 per share) ("Common Stock"), as of the record date, May 23, 2023 (the "Record Date"). Holders of these Rights will be entitled to subscribe for additional shares of Common Stock (the "Offer") at a discount to market price.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES RIGHTS OFFERING AND SUMMARY OF TERMS

NHS is a fixed income closed end fund. The fund focuses on U.S. high yield bonds, which represent 88% of the portfolio.

NHS: Time To Reduce Some Exposure To This High Beta HY CEF

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Despite last week's market pop, there are still plenty of terrific dividend buys out there.

This 10.5%-Yielding Portfolio Has The Perfect Mix For 2023

NHS is a fixed income closed end fund. Over 88% of the fund holdings are fixed rate high yield bonds.

NHS: 13% Yield From A High Duration Bond CEF

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For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 11% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: October 2022

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CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are basically saying that a recession is not imminent. If a recession comes, much wider discounts are likely.

CEF Report July 2022: Not Safe To Tread In Taxables Just Yet

NEW YORK , June 3, 2022 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today that it has successfully completed a private placement of $26,500,000 via a Floating Rate Senior Note ("Note") with a major unaffiliated financial institution. The Note pays interest based on a floating rate and matures in September 2023.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES INCREASE IN LEVERAGE

NHS's rights offering is now live. The subscription formula has a floor of a -13% discount, at which point one should not subscribe.

NHS: Rights Offering Quick Notes

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today that Russ Covode and Daniel Doyle each plan to retire from the asset management business on or about June 30, 2022 and will cease their portfolio management responsibilities at that time. Current Co-Portfolio Managers Joseph Lind and Christopher Kocinski, with an average of 19 years of industry experience, will continue to manage the Fund following the retirements of Russ Covode and Daniel Doyle.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES RETIREMENTS OF CO-PORTFOLIO MANAGERS RUSS COVODE AND DANIEL DOYLE

The 8.6% yield for NHS looks very attractive if the distribution can be supported. I continue my series looking beyond the yield of a CEF.

News for Neuberger Berman High Yield Strategies Fund Inc ETF (NHS)