Neuberger Berman Real Estate Securities Income Fund Inc. (AMEX:NRO) announces a share repurchase program. Under the Tender Offer Program, the Fund will conduct two 12-week measurement periods. If the Fund’s common stock trades at an average daily discount to NAV of greater than 10% during a Measurement Period, the Fund will conduct a tender offer for at least 8% of its outstanding shares of common stock at a price equal to 98% of the Fund’s NAV determined on the day the tender offer expires. In determining the maximum size of the tender offers under the Tender Offer Program, the Board may consider, among other things, the then-current market conditions and outlook for the Fund, the size of the average daily discount during the Measurement Period, the potential impact of a tender offer at different levels on the Fund’s expense ratio, the potential tax consequences of the tender offer on the Fund and non-tendering common stockholders and the potential impact on the Fund as a whole. By maintaining discretion over the maximum size of the tender offers, the Board can more appropriately exercise its fiduciary duties and consider the best interests of the Fund and its stockholders in light of the then-current market conditions. Tender Offer Program is part of an ongoing review and effort to improve stockholder value, the Board considered numerous factors, including, the potential benefits to stockholders, the ability of the Fund to pay for the tendered shares. The Board also considered that the Tender Offers may potentially narrow the discount to NAV at which the Fund’s common stock has traded, enable stockholders to tender their shares at a price that would be greater than what they could realize in the secondary market at that time, increase liquidity of the common stock; and have a marginally accretive impact on NAV for common stockholders that remain invested in the Fund. There can be no assurance that the Tender Offers will cause the discount at which the Fund’s common stock trades to narrow, particularly in the long term, or that the common stock will trade at a price equal to or near its NAV. The tender offer program will commence on January 1, 2017. As on October 3, 2016, the company announced it will repurchase up to 15% of issued share capital. As on October 24. 2016, the company announced that it will repurchase shares during the period from December 9, 2016, and January 9, 2017. The Fund's Board of Directors has determined that the first of the two measurement periods under the tender offer program will commence on January 3, 2017 and end on March 28, 2017. On March 28, 2017, the company announced that its has temporarily halted its equity buyback plan. The Fund will announce the dates of the second measurement period under the tender offer program at a later date. On June 29, 2017, the Fund's Board of Directors has determined that the second measurement period under the tender offer program will commence on July 10, 2017 and end on October 2, 2017.