4//SEC Filing
TANK BRADLEY 4
Accession 0000898432-23-000407
CIK 0001487610other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 9:20 PM ET
Size
16.7 KB
Accession
0000898432-23-000407
Insider Transaction Report
Form 4
TANK BRADLEY
Other
Transactions
- Exercise of In-Money
Common Stock
2023-06-21$7.42/sh+3,014$22,364→ 12,054 total(indirect: By Trust) - Exercise of In-Money
Transferable Subscription Rights (rights to buy)
2023-06-21−69,221→ 0 total(indirect: By LLC)From: 2023-05-23Exp: 2023-06-21→ Common Stock (23,074 underlying) - Exercise of In-Money
Common Stock
2023-06-21$7.42/sh+33,736$250,321→ 134,940 total - Exercise of In-Money
Transferable Subscription Rights (rights to buy)
2023-06-21−101,204→ 0 totalFrom: 2023-05-23Exp: 2023-06-21→ Common Stock (33,736 underlying) - Exercise of In-Money
Common Stock
2023-06-21$7.42/sh+23,074$171,209→ 92,295 total(indirect: By LLC) - Exercise of In-Money
Transferable Subscription Rights (rights to buy)
2023-06-21−9,040→ 0 total(indirect: By Trust)From: 2023-05-23Exp: 2023-06-21→ Common Stock (3,014 underlying)
Footnotes (4)
- [F1]The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]Neuberger Berman High Yield Strategies Fund Inc. (the "Fund") issued transferable subscription rights ("Rights") to its common stockholders of record as of the close of business on May 23, 2023 (the "Record Date") entitling the holders of these Rights to purchase additional shares of common stock of the Fund (the "Common Stock"). The holders of Common Stock of record on the Record Date ("Record Date Stockholders") were entitled to subscribe for additional shares of Common Stock at a discount to the market price of the Common Stock. The Fund distributed to Record Date Stockholders one Right for each share of Common Stock held on the Record Date. The Rights entitle their holders to purchase one new share of Common Stock for every three Rights held (1 for 3).
- [F3]Record Date Stockholders who fully exercised their Rights were entitled to subscribe, subject to certain limitations and subject to allotment, for additional shares of Common Stock which were not subscribed for (the "Over-Subscription Privilege"). The reporting person fully exercised all Rights received and subscribed for additional shares of Common Stock pursuant to the Over-Subscription Privilege, subject to the pro rata allocation of available shares of Common Stock. Fractional shares of Common Stock were not issued. The subscription period commenced on the Record Date and expired on June 21, 2023.
- [F4]The final subscription price of $7.42 per share of Common Stock was determined based upon the terms of the offer. The Common Stock subscribed for will be issued after receipt of all stockholder payments.
Documents
Issuer
Neuberger Berman High Yield Strategies Fund Inc.
CIK 0001487610
Entity typeother
Related Parties
1- filerCIK 0001254645
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 9:20 PM ET
- Size
- 16.7 KB