Neuberger High Yield Fund Expands Leverage by $35 Million

The Board of Directors finalized these adjustments to align the fund’s debt structure more closely with its current asset base. Under the revised terms, the New York-based fund will command a total committed debt facility of $135 million, supplemented by $50 million in outstanding Series D Preferred Shares. Management expects to finalize all documentation and closing conditions for these instruments within the coming week.

This strategic shift follows a period of portfolio adjustment for the NYSE American-listed fund. By expanding its available leverage, the firm intends to better support its investment objectives in the high-yield market. Neuberger Berman, which oversees approximately $613 billion in global assets, continues to emphasize active management and fundamental research as the core drivers of its investment strategy.