EXHIBIT 77 to Neuberger Berman Income Opportunity Fund Inc. NSAR 10/31/08 File Number: 81121334 CIK Number: 0001227699 Item 77I In September 2008, Neuberger Berman Income Opportunity Fund Inc. (the Fund) entered into a Master Securities Purchase...Neuberger Berman Income Opportunity Fund Inc • December 30th, 2008
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 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.
