Message #6 From:
NewsBot Date: September 28, 2006 08:18:00 AM
NRI News Neuberger Berman Realty Income Fund Announces Monthly Distributions
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Neuberger Berman Realty Income Fund Inc. (the “Fund”),
which trades on the New York Stock Exchange under ticker symbol NRI, has
declared monthly distributions of $0.1125 per share payable on October
31, 2006, November 30, 2006, and December 29, 2006, to shareholders of
record on October 16, 2006, November 15, 2006 and December 15, 2006,
respectively.
Under its level distribution policy, the Fund anticipates that it will
make subsequent regular monthly distributions, subject to market
conditions, of $0.1125 per share, unless further action is taken to
determine another amount. There is no assurance that the Fund will
always be able to pay a distribution of any particular size, or that a
distribution will consist of only net investment income. The Fund’s
ability to maintain a stable distribution will depend on a number of
factors, including the stability of income received from its
investments, availability of capital gains, distributions paid on
preferred shares and the level of expenses.
Due to an effort to maintain a stable distribution amount, the
distributions declared, as well as future distributions, may consist of
net investment income, realized capital gains and return of capital.
In compliance with Section 19 of the Investment Company Act of 1940, as
amended, a notice would accompany any distribution that does not consist
solely of net investment income. This notice would be for informational
purposes, and would disclose, among other things, estimated portions of
the distribution, if any, consisting of net investment income, capital
gains and return of capital.
Neuberger Berman Management Inc., the Fund’s
investment manager, is a subsidiary of Neuberger Berman Inc., an
investment advisory company serving individuals, families, and taxable
and non-taxable institutions with a broad range of investment products,
services and strategies. A Lehman Brothers company, Neuberger Berman
engages in wealth management services including private asset
management, tax and financial planning, and personal and institutional
trust services; mutual funds, institutional management and alternative
investments; and professional securities services. For further
information about Neuberger Berman, please visit www.nb.com.
Lehman Brothers (ticker symbol: LEH), an innovator in global finance,
serves the financial needs of corporations, governments and
municipalities, institutional clients and high-net-worth individuals
worldwide. Founded in 1850, Lehman Brothers maintains leadership
positions in equity and fixed income sales, trading and research,
investment banking, private investment management, asset management and
private equity. The Firm is headquartered in New York, with regional
headquarters in London and Tokyo, and operates in a network of offices
around the world. For further information about Lehman Brothers’
services, products and recruitment opportunities, visit the Firm's Web
site at www.lehman.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 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.
