NRO: Wider Discount And High Distribution Rate Make This Fund More Interesting

Neuberger Real Estate Securities Income Fund trades at an -8.18% discount, making it a more attractive tactical opportunity versus the last time we looked. NRO offers a high 12.36% distribution yield, but persistent NAV declines and overdistribution risk warrant caution for long-term investors. The fund's differentiated, value-oriented portfolio emphasizes healthcare and office REITs, with ~35% in preferreds and ~65% in equities.