Neuberger Berman Real Estate Securities Income Fund Inc. (AMEX: NRO) (the "Fund" or "NRO") announced today a revision to its intended schedule for partial redemptions of its Series A auction market preferred shares ("AMPS"). The expected redemption amount has not changed but the date of redemption has changed from September 25, 2008 to September 26, 2008. Subject to the satisfaction of certain requirements, including notice, that apply to AMPS redemptions, NRO expects to redeem a pro rata amount of its Series A AMPS in accordance with the revised schedule below:
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 Series |  |  CUSIP |  | Total Shares To Be Redeemed |  | Amount To Be Redeemed |  |  Redemption Date |
Series A |  | 64190A202 |  | 1,248 |  | $31,200,000 |  | September 26, 2008 |
Please note that the expected redemption amounts and schedules for each of the Fund's other seven series of AMPS remain unchanged. For additional information regarding the redemption process please refer to the press release dated September 8, 2008, which is available on the closed-end funds section of the Neuberger Berman website, www.nb.com.
Neuberger Berman Management LLC, the Fund's investment manager, is a subsidiary of Neuberger Berman Holdings LLC, 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; mutual funds, institutional management and alternative investments. 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.
Certain statements in this press release, such as those related to the redemption of AMPS, the methodology for and timing of such redemption, the use and successful closure of the financing arrangement and the use of leverage constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Fund, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Among other risks and uncertainties are the ability of the Fund to redeem AMPS, the ability to successfully utilize and close the financing transactions, the ability to successfully use leverage, the possibility that costs associated with the financing are higher than expected, and the risk factors discussed in the Fund's annual and semiannual reports as filed with the United States Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Fund nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.