Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution
–(www.FinancialNewsUSA.com)– 01/02/2010 – Earnings industry news provided by Financial News USA. The Board of Trustees of Neuberger Berman High Yield Strategies Fund (NYSE: NHS – News) has declared a monthly distribution of $0.085 per share. The distribution announced today is payable on January 29, 2010, has a record date of January 15, 2010 and an ex-date of January 13, 2010.
The Fund ability to maintain its distribution will be dependent on several factors, including the stability of income received from its investments, the degree of cost associated with its leverage and the level of other Fund expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular rate or that a distribution will consist only of net investment income.
The distribution declared, as well as future distributions, may consist of net investment income, realized capital gains and return of capital. [Read the full article]
NEW YORK–(BUSINESS WIRE)–The Board of Directors of Neuberger Berman Income Opportunity Inc., which trades on the American Stock Exchange under the ticker symbol NOX, has declared a monthly distribution of $0.05 per share. The distribution announced today is payable on January 29, 2010, has a record date of January 15, 2010 and an ex-date of January 13, 2010.
Under its level distribution policy, the Fund anticipates that it will make subsequent regular monthly distributions, subject to market conditions, of $0.05 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. [Read the full article]
Bankrupt shopping mall owner General Growth Properties Inc (Other OTC:GGWPQ.PK – News), which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing.
The owner and operator of regional shopping centers also said revenue and operating income improved sequentially. Its shares gained 1.7 percent in early trading to $11.74.
General Growth reported revenue of $216.8 million in November and operating income of $85.2 million. In October, it posted revenue of $215.0 million and operating income of $82.4 million.
After interest expense, reorganization costs and other items, its net loss was $6.4 million, or 2 cents per share, according to the filing, narrowing sequentially from $12.6 million, or 4 cents a share in October.
General Growth filed for bankruptcy protection in April, becoming the biggest real-estate failure in U.S. history. [Read the full article]
BOSTON–(BUSINESS WIRE)–Pioneer Diversified High Income Trust (NYSE Amex: HNW) today reported sources of distribution for this fiscal year to date from the following sources: Net Investment Income; Net Realized Short-Term Capital Gains; Net Realized Long-Term Capital Gains; or Return of Capital. [Read the full article] About Financial News USA
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