Item 77I In September 2008, Neuberger Berman Income Opportunity Fund Inc. (the "Fund") entered into a Master Securities Purchase Agreement and a Master Note Purchase Agreement pursuant to which it issued privately placed notes ("PNs") and privately...Neuberger Berman Income Opportunity Fund Inc • June 29th, 2009
In September 2008, Neuberger Berman Income Opportunity Fund Inc. (the "Fund") entered into a Master Securities Purchase Agreement and a Master Note Purchase Agreement pursuant to which it issued privately placed notes ("PNs") and privately placed perpetual preferred shares ("PPS" and, together with PNs, "Private Securities"). The Fund issued PNs in October and November 2008 and issued PPS in November 2008. The PNs mature in October 2013 and interest thereon is accrued daily and paid quarterly. The PPS have a liquidation preference of $25,000 per share plus any accumulated unpaid distributions, whether or not earned or declared by the Fund, but excluding interest thereon ("PPS Liquidation Value"). Dividends are accrued daily and paid quarterly for PPS. The Fund may redeem PPS or prepay PNs, in whole or in part, at its option after giving a minimum amount of notice to the relevant holders of the Private Securities but will incur additional expenses if it chooses to so redeem or prepay.
