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NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES FINAL RESULTS OF RIGHTS OFFERING

1. NRO completed a rights offering at $3.25 per share; offer priced at 90% of NAV. Investor confidence is implied. 2. Offer was oversubscribed with 15,840,458 shares planned; expected $51.5 million gross proceeds. This reflects high demand. 3. Excess payments will be refunded and rights allocated pro-rata among record holders. This ensures fair distribution. 4. The final results impact NRO’s capital structure and dilution profile. Market reaction should be monitored closely.

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FAQ

Why Neutral?

The rights offering injects capital while potentially diluting existing shareholders. Similar past events, when oversubscribed, have shown minimal adverse price impact as strong demand balances the dilution risk.

How important is it?

The event affects NRO’s capital structure and introduces dilution risk despite strong investor demand. Its over-subscription is a positive signal, yet the issuance of new shares will likely pressure the share price in the near term.

Why Short Term?

Immediate market adjustments due to share dilution and capital infusion are likely. Historical rights offerings typically influence prices predominantly in the short term.

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, /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced today the final results of its transferable rights offering (the "Offer"), which expired at 5:00 PM Eastern Time on February 19, 2025 (the "Expiration Date"). The final subscription price per share of common stock of the Fund ("Common Stock") was $3.25, which was equal to 90% 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. The Offer, which was over-subscribed, will result in the issuance of 15,840,458 shares of Common Stock. The gross proceeds of the Offer are expected to be approximately $51.5 million. The shares of Common Stock subscribed for are expected to be issued on or about February 26, 2025. The Fund will return to subscribing investors the full amount of any excess payments. The Offer was over-subscribed, and the over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares issued as part of the over-subscription privilege of the Offer will be allocated pro-rata among record date stockholders who submitted over-subscription requests based on the number of rights originally issued to them by the Fund. This document is not an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a prospectus. Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. Copies of the prospectus supplement and accompanying prospectus and other documents the Fund has filed with the Securities and Exchange Commission may be obtained by visiting the EDGAR database on the SEC's website at www.sec.gov. Inquiries regarding the Offer should be directed to the Fund's Information Agent, EQ Fund Solutions, LLC, at (866) 387-0017. About Neuberger Berman Real Estate Securities Income Fund Inc. The Fund's primary investment objective is high current income. Capital appreciation is a secondary investment objective for the Fund. Under normal market conditions, the Fund invests at least 90% of its total assets in income-producing common equity securities, preferred securities, convertible securities and non-convertible debt securities issued by real estate companies, including real estate investment trusts. The Fund may invest up to 20% of its total assets in debt securities of any credit quality (including convertible and non-convertible debt securities) and up to 10% of its total assets in securities of non-U.S. issuers located in industrialized countries. About Neuberger Berman Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $508 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm's leadership in stewardship and sustainable investing is recognized by the PRI based on its consecutive above median reporting assessment results. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of December 31, 2024. Contact:                                                                                    Neuberger Berman Investment Advisers LLC                                                    Investor Information(877) 461-1899  SOURCE Neuberger Berman WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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