Neuberger Berman Real Estate Securities Income Fund Inc. expects to initiate a Conditional Tender Offer. In the near term, if the Fund's common stock trades at an average daily discount to NAV of greater than 10% during the measurement period from December 31, 2015 through September 30, 2016, the Fund will conduct a tender offer for up to 15% 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. The company aims to improve the Fund's valuation in the secondary market and narrow the discount at which the market price of the Fund's common stock has traded relative to its NAV.