0001504304-15-000120.txt : 20151005
0001504304-15-000120.hdr.sgml : 20151005
20151005155504
ACCESSION NUMBER: 0001504304-15-000120
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20151005
DATE AS OF CHANGE: 20151005
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BULLDOG INVESTORS, LLC
GROUP MEMBERS: PHILLIP GOLDSTEIN
GROUP MEMBERS: STEVEN SAMUELS
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC
CENTRAL INDEX KEY: 0001261166
IRS NUMBER: 161685121
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-81353
FILM NUMBER: 151143244
BUSINESS ADDRESS:
STREET 1: 605 THIRD AVE
STREET 2: 2ND FL.
CITY: NEW YORK
STATE: NY
ZIP: 10158
BUSINESS PHONE: 2124768800
MAIL ADDRESS:
STREET 1: 605 THIRD AVE
STREET 2: 2ND FL.
CITY: NEW YORK
STATE: NY
ZIP: 10158
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors, LLC
CENTRAL INDEX KEY: 0001504304
IRS NUMBER: 270926182
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
FORMER COMPANY:
FORMER CONFORMED NAME: Brooklyn Capital Management LLC
DATE OF NAME CHANGE: 20101026
SC 13D
1
third.txt
SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
9/24/15
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
2,276,922
8. SHARED VOTING POWER
1,625,770
9. SOLE DISPOSITIVE POWER
2,276,922
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,625,770
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
3,902,692 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.00%
14. TYPE OF REPORTING PERSON
IA
____________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
2,276,922
8. SHARED VOTING POWER
1,625,770
9. SOLE DISPOSITIVE POWER
2,276,922
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,625,770
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
3,902,692 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.00%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
2,276,922
8. SHARED VOTING POWER
1,625,770
9. SOLE DISPOSITIVE POWER
2,276,922
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,625,770
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
3,902,692 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.00%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
2,276,922
8. SHARED VOTING POWER
1,625,770
9. SOLE DISPOSITIVE POWER
2,276,922
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,625,770
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
3,902,692 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.00%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC
("NRO" or the "Issuer").
The principal executive offices of NRO are located at
605 THIRD AVE
2ND FL
NEW YORK NY 10158
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware
Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels.
(b) The business address of the reporting persons is Park 80 West-Plaza Two,
250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLC is a registered investment adviser.
Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog
Investors,LLC.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of clients of
Bulldog Investors,LLC.
ITEM 4. PURPOSE OF TRANSACTION
The filing persons believe the shares are undervalued and may communicate
with management about measures to enhance shareholder value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on July 6, 2015, there were 55,787,846 shares
of common stock outstanding as of April 30, 2015. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos and
Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of October 2, 2015, Bulldog Investors, LLC is deemed to be the beneficial
owner of 3,902,692 shares of NRO (representing 7.00% of NRO's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of, and dispose of, these shares. These 3,902,692 shares of NRO include
2,276,922 shares (representing 4.08% of NRO's outstanding shares) that are
beneficially owned by Mr. Goldstein and the following entities over which
Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity
Partners LP, Calapasas West Partners LP, Full Value Special Situations
Fund, LP, Full Value Offshore Fund, Ltd., Full Value Partners, LP,
Opportunity Income Plus, LP, and MCM Opportunity Partners, LP
(collectively,"Bulldog Investors Group of Funds").
Bulldog Investors Group of Funds may be deemed to constitute a group. All other
shares included in the aforementioned 3,902,692 shares of NRO beneficially owned
by Bulldog Investors, LLC (solely by virtue of its power to sell or direct the
vote of these shares) are also beneficially owned by clients of Bulldog
Investors, LLC who are not members of any group. The total number of these
"non-group" shares is 1,625,770 shares (representing 2.90% of NRO's outstanding
shares).
(b)Bulldog Investors,LLC has sole power to dispose of and vote 2,276,922 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 1,625,770 shares.
Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more
than 5% of NRO's shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.
c) During the past 60 days the following shares of NRO were purchased:
Date: Shares: Price:
08/06/15 23,595 4.8465
08/07/15 23,700 4.8630
08/10/15 12,800 4.8344
08/11/15 60,903 4.8532
08/12/15 34,447 4.8270
08/13/15 31,300 4.8269
08/14/15 31,050 4.8294
08/17/15 11,714 4.8777
08/18/15 46,608 4.8897
08/19/15 48,800 4.8710
08/20/15 32,800 4.8699
08/21/15 40,000 4.8062
08/24/15 69,347 4.5758
08/25/15 34,100 4.5297
08/26/15 53,900 4.4892
08/27/15 42,365 4.6268
08/28/15 58,718 4.6194
08/31/15 109,900 4.6054
09/01/15 12,232 4.5076
09/02/15 62,434 4.5167
09/03/15 40,261 4.5310
09/04/15 12,500 4.4601
09/08/15 24,828 4.5159
09/10/15 23,200 4.4712
09/11/15 44,910 4.4847
09/14/15 14,355 4.4918
09/15/15 54,612 4.4943
09/16/15 41,800 4.5509
09/17/15 62,942 4.5426
09/18/15 50,000 4.6444
09/21/15 46,110 4.6683
09/22/15 172,618 4.6253
09/22/15 4,991 4.6100
09/23/15 53,509 4.6486
09/23/15 2,000 4.6500
09/24/15 66,127 4.6329
09/25/15 44,285 4.6398
09/25/15 5,000 4.6400
09/28/15 57,554 4.5642
09/29/15 35,603 4.5581
09/30/15 71,742 4.5842
09/30/15 11,400 4.5963
10/01/15 12,834 4.5890
10/02/15 819,871 4.6091
d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or
sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 10/05/2015
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
By: /S/ Steven Samuels
Name: Steven Samuels
Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
Exhibit 1:
Agreement to Make Joint Filing
Agreement made as of the 5th day of October, 2015, by and among
Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides
that whenever two or more persons are required to file a statement containing
the information required by Schedule 13D with respect to the same securities,
only one such statement need be filed, so long as, among other things, such
filing includes as an exhibit an agreement among such persons that such a
statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of NEUBERGER BERMAN REAL ESTATE
SECURITIES INCOME FUND INC (NRO), each of the parties to this Agreement is
required to file a statement containing the information required by Schedule
13D with respect to the same holdings of NRO;
NOW THEREFORE, the parties hereby agree that one statement containing the
information required by Schedule 13D shall be filed on behalf of each party
hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos
Phillip Goldstein Andrew Dakos
BULLDOG INVESTORS, LLC
By: /s/ Steven Samuels By: /s/ Andrew Dakos
Steven Samuels Andrew Dakos, Member