NEUBERGER HIGH YIELD STRATEGIES FUND ANNOUNCES FINAL RESULTS OF RIGHTS OFFERING

Neuberger High Yield Strategies Fund Inc. (NYSE American: NHS) has successfully completed a transferable rights offering, raising approximately $68 million. The offering, which concluded on April 15, 2026, was over-subscribed, resulting in the issuance of 10,463,948 shares of Common Stock at a final subscription price of $6.50 per share. Shares are expected to be issued on or about April 21, 2026, with the gross proceeds anticipated to bolster the Fund's investment capabilities.

The rights offering was structured to allow existing shareholders to purchase additional shares at a price that represented 92.5% of the Fund's net asset value per share on the expiration date. Given the over-subscription, demand exceeded the available shares allocated for over-subscription requests. As a result, shares will be distributed pro-rata among those shareholders who submitted requests based on their original rights. This mechanism reflects a robust interest in the Fund, signaling confidence among investors in its future performance.

Neuberger High Yield Strategies Fund Inc. primarily invests in high-yield debt securities, which are typically below investment grade. The Fund's investment strategy aims to achieve high total returns through both income generation and capital appreciation. By maintaining a diversified portfolio that includes up to 20% in other securities and financial instruments, as well as collateralized loan obligations, the Fund is well-positioned to navigate varying market conditions. Neuberger Berman, the parent company, has a long-standing reputation in the investment management industry, managing approximately $567 billion in assets across multiple sectors.

The successful completion of this rights offering comes at a time when the high-yield debt market is experiencing increased volatility, driven by macroeconomic factors such as interest rate fluctuations and inflationary pressures. The influx of capital from this fundraising effort may allow the Fund to capitalize on attractive investment opportunities that arise in this challenging environment.

Overall, the over-subscribed nature of the offering indicates a positive outlook for Neuberger High Yield Strategies Fund Inc. and reflects broader investor confidence in the high-yield sector. As the market continues to evolve, the Fund's ability to leverage this additional capital could enhance its competitive positioning and drive future growth in its investment portfolio.