NRL Neuberger BM RE

Neuberger Berman Real Estate Income Fund Inc. (NYSE:NRL) did not hold a meeting of stockholders during its fiscal year ended yesterday. Investors may therefore see the letters �BC� or some other symbol appended to the Fund�s ticker symbol or name on certain websites or in certain papers, indicating that the Fund has not yet fulfilled the annual meeting requirement of the New York Stock Exchange (�NYSE�) rules. As communicated in NRL stockholder reports, the Fund is involved in litigation concerning a hostile tender offer for control of the Fund. The litigation has raised issues that would affect how voting is conducted on any election of directors or other proposal at a stockholder meeting. These issues were presented to the court for resolution earlier this year, and the Fund is now awaiting the court�s decision. Although compliance with NYSE rules is important, the Fund believes, notwithstanding contrary views expressed by some stockholders, that in this situation it is in the best interests of its stockholders to allow the court to resolve the voting issues before holding a stockholder meeting. The Fund wants to minimize the risk of litigation challenging the results of any stockholder vote, including the possibility that a second stockholder meeting might be required. The Fund will hold a stockholder meeting as soon as practicable after the court has issued its ruling. Forward-Looking Statements Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund�s performance, a general downturn in the economy, competition from other funds, changes in government policy or regulation, inability of the Fund�s investment advisor to attract or retain key employees, inability of the Fund�s investment advisor to implement its investment strategy, inability of the Fund to manage unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. Neuberger Berman Real Estate Income Fund Inc. (NYSE:NRL) did not hold a meeting of stockholders during its fiscal year ended yesterday. Investors may therefore see the letters "BC" or some other symbol appended to the Fund's ticker symbol or name on certain websites or in certain papers, indicating that the Fund has not yet fulfilled the annual meeting requirement of the New York Stock Exchange ("NYSE") rules. As communicated in NRL stockholder reports, the Fund is involved in litigation concerning a hostile tender offer for control of the Fund. The litigation has raised issues that would affect how voting is conducted on any election of directors or other proposal at a stockholder meeting. These issues were presented to the court for resolution earlier this year, and the Fund is now awaiting the court's decision. Although compliance with NYSE rules is important, the Fund believes, notwithstanding contrary views expressed by some stockholders, that in this situation it is in the best interests of its stockholders to allow the court to resolve the voting issues before holding a stockholder meeting. The Fund wants to minimize the risk of litigation challenging the results of any stockholder vote, including the possibility that a second stockholder meeting might be required. The Fund will hold a stockholder meeting as soon as practicable after the court has issued its ruling. Forward-Looking Statements Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other funds, changes in government policy or regulation, inability of the Fund's investment advisor to attract or retain key employees, inability of the Fund's investment advisor to implement its investment strategy, inability of the Fund to manage unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.