George W. Morriss - Jun 21, 2023 Form 4 Insider Report for Neuberger Berman High Yield Strategies Fund Inc. (NHS)

Role: Director
Signature: /s/ George W. Morriss by his Attorney-in-Fact, Jennifer R. Gonzalez
Stock symbol: NHS
Transactions as of: Jun 21, 2023
Transactions value $: $25,391
Form type: 4
Date filed: 6/23/2023, 09:19 PM
Previous filing: Mar 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHS	Common Stock	Exercise of in-the-money or at-the-money derivative security	$25.4K	+3.42K	+33.33%	$7.42	13.7K	Jun 21, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NHS	Transferable Subscription Rights (rights to buy)	Exercise of in-the-money or at-the-money derivative security		-10.3K	-100%		0	Jun 21, 2023	Common Stock	3.42K		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes shares acquired over time under a distribution reinvestment plan.
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	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.