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.

NEW YORK , March 28, 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 April 30, 2024, has a record date of April 15, 2024, and has an ex-date of April 12, 2024.

NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND ANNOUNCES MONTHLY DISTRIBUTION

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

Ares Dynamic Credit Allocation Fund

Eaton Vance Floating-Rate Income Trust

Nuveen Floating Rate Income Fund

SPDR Bloomberg High Yield Bond ETF

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

AGNC Investment

Dynex Capital

Ellington Residential Mortgage REIT

Eagle Point Credit

Ellington Financial

Franklin International Aggregate Bond ETF

Gladstone Commercial

Modiv

Orchid Island Capital

PIMCO Access Income Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

Sabine Royalty Trust

SL Green Realty

Solar Capital

Credit Suisse X-Links Silver Shares Covered Call ETN

Simplify Volatility Premium ETF

Yieldmax Tsla Option Income Etf

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

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") 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

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

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

Cohen & Steers Quality Income Realty Fund

Liberty All Star Equity Fund

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

ClearBridge Energy MLP Fund Inc

MFS Intermediate High Income Fund

ClearBridge Energy MLP Total Return Fund Inc

Wells Fargo Income Opportunities Fund

ClearBridge Energy MLP Opportunity Fund Inc

MFS Special Value Trust

Tortoise Energy Independence Fund, Inc.

Adams Natural Resources Fund Inc

Invesco High Income Trust II

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

BlackRock Taxable Municipal Bond Trust

Western Asset Mortgage Opportunity Fund

Eagle Point Income Company Inc

Invesco High Income 2023 Target Term Fund

BlackRock MuniVest Fund Inc

Virtus AllianzGI Convertible & Income Fund II

Nuveen Municipal Credit Income Fund

Invesco Municipal Income Opportunities Trust

Putnam Master Intermediate Income Trust

Invesco Bond Fund

Vertical Capital Income Fund.

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.

Evaluating CEFs: NHS Too Expensive For Its Weak Distribution Coverage

Blackstone Strategic Credit Fund

BlackRock 2022 Global Income Opportunity Trust

Blackstone Long-Short Credit Income Fund

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

Blackstone/GSO Senior Floating Rate Term Fund

Dreyfus High Yield Strategies Fund

Eaton Vance Short Duration Diversified Income Fund

PGIM Global High Yield Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

PGIM High Yield Bond Fund

Nuveen Floating Rate Income Opportunity Fund ETF

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Pioneer Floating Rate Trust

Pioneer High Income Trust

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

Neuberger Berman Real Estate Securities Income Fund Inc

Neuberger Berman California Intermediate Municipal Fund Inc

Neuberger Berman MLP Income Fund, Inc.

Pershing Square Tontine Holdings

RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth Opportunistic Municipal Income Fund Inc

Special Opportunities Fund Inc

Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created.

2 New Closed-End Funds In The Pipeline

AllianceBernstein Global High Income Fund Inc

Barings Global Short Duration High Yield Fund

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

iShares Fallen Angels USD Bond ETF

Western Asset High Income Opportunity Fund Inc

New American High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

BlackRock Corporate High Yield Fund

Nuveen Credit Opportunities 2022 Target Term Fund

KKR Income Opportunities Fund

MFS Charter Income Trust

Brookfield Real Assets Income Fund

The high-yield CEF sector has done well though not as well as other sectors in terms of discount returns in the last month (+1.3%). The sector as a whole is near its long-term fair value with a discount of -5%. But with spreads near the pre-COVID tightest levels, there isn't much upside for NAVs.

CEF Analysis: High-Yield Sector Update

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