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Article: Lola Brown Trust Announces Results of Its Tender Offer for All Outstanding Common Stock of Neuberger Berman Real Estate Income Fund, Inc.
- Article from:
- Business Wire
- Article date:
- September 17, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOULDER, Colo. -- The Lola Brown Trust No. 1B (the "Trust") announced today the results of its tender offer (the "Offer") for all outstanding shares of common stock of Neuberger Berman Real Estate Income Fund Inc. (NYSE:NRL). The Offer, which expired on Friday September 14, 2007, resulted in approximately 2.46 million common shares being tendered, or approximately 59% of the Fund's outstanding common shares. The price to be paid for the tendered shares will be approximately $24.49 per share which is 99% of the Fund's net asset value ("NAV") per share as determined at the close of trading on the New York Stock Exchange on September 14, 2007. The NAV at the close of trading ...
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