Liquidation: NEUBERGER BERMAN ALTERNATIVE FUNDS

Form Type: 497

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: New

Accession Number: 000089843225000045

Filing Summary: The Board of Trustees of Neuberger Berman Alternative Funds has approved the liquidation of Neuberger Berman Absolute Return Multi-Manager Fund, with the anticipated Liquidation Date set for around February 27, 2025. Shareholders can continue to redeem their Fund shares until that date, but orders to purchase shares will not be accepted starting February 25, 2025. The Fund may move away from its stated goals and convert portfolio securities to cash in preparation for the liquidation. Shareholders who bought Class A or Class C shares from January 1, 2025, will be reimbursed for any applicable sales charges. There will be taxable events for shareholders due to the liquidation, with potential capital gains or losses depending on their tax basis. Shareholders are encouraged to consider reinvestment options and consult tax advisers regarding the implications of the liquidation. The date of this supplement is January 15, 2025.

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Form Type: 497K

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: New

Accession Number: 000089843225000046

Filing Summary: The Board of Trustees of Neuberger Berman Alternative Funds has approved the liquidation of Neuberger Berman Absolute Return Multi-Manager Fund. The liquidation is anticipated to occur on or about February 27, 2025, allowing shareholders to redeem their shares until that date. As of February 25, 2025, the Fund will cease to accept subscriptions from both new and existing investors. Shareholders who bought shares since January 1, 2025, will have sales charges reimbursed. Those redeeming shares before liquidation will receive net asset value per share. There will be taxable events related to the liquidation, including potential capital gains or losses. Shareholders are advised to consider reinvestment options within the Neuberger Berman mutual fund complex and to consult tax advisors regarding the implications of the liquidation. The effective date of this supplement is January 15, 2025.

Document Link: View Document

Form Type: 497K

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: New

Accession Number: 000089843225000047

Filing Summary: The Board of Trustees of Neuberger Berman Alternative Funds has approved the liquidation of the Neuberger Berman Absolute Return Multi-Manager Fund, with the anticipated liquidation date on or about February 27, 2025. Shareholders can redeem their shares until the liquidation date. After February 25, 2025, the Fund will stop accepting new orders for share purchases. During the interim, the Fund may deviate from its investment strategies to convert securities to cash. Shareholders who purchased shares on or after January 1, 2025 will be reimbursed for sales charges. Shareholders may exchange their Fund shares for other funds in the Neuberger Berman mutual fund complex until liquidation. Post-liquidation, shareholders will receive a distribution based on their holdings, which may trigger taxable events. Shareholders are advised to consult tax advisors regarding the tax implications of the liquidation and distributions.

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Form Type: 497K

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: New

Accession Number: 000089843225000048

Filing Summary: The Board of Trustees of Neuberger Berman Alternative Funds approved the liquidation of the Neuberger Berman Absolute Return Multi-Manager Fund, with the anticipated liquidation date set for on or about February 27, 2025. Shareholders can redeem their shares up until the Liquidation Date, but orders to purchase shares from new and existing investors will no longer be accepted after February 25, 2025. The Fund will start converting all portfolio securities to cash or cash equivalents in preparation for the final distribution to shareholders. Shareholders who purchased Class A or Class C shares after January 1, 2025, will be reimbursed any applicable sales charges. Shareholders may exchange their Fund shares for shares of other funds within the Neuberger Berman mutual fund complex prior to liquidation. Shareholders remaining in the Fund will receive a liquidating distribution equal to their shares' net asset value at liquidation. This liquidation may result in taxable events for shareholders and may require consultations with tax advisors due to the potential capital gains or losses involved. The document serves as a supplement to the Summary Prospectuses, Prospectuses, and Statement of Additional Information dated February 28, 2024.

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