Horejsi Trust Extends Its Tender Offer for Shares of Neuberger Berman Real Estate Income Fund Inc.BOULDER, Colo. -- The Lola Brown Trust No. 1B (the "Trust") announced today that it is extending its tender offer to purchase shares of common stock of Neuberger Berman Neuberger Berman Inc., through its subsidaries, primarily Neuberger Berman, LLC, is an investment advisory firm founded in 1939 by Roy R. Neuberger and Robert Berman, to manage money for high net worth individuals. Real Estate Income Fund Inc. (NYSE NYSE See: New York Stock Exchange : NRL Noun 1. NRL - the United States Navy's defense laboratory that conducts basic and applied research for the Navy in a variety of scientific and technical disciplines Naval Research Laboratory ) (the "Fund") to 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time on Friday, August 17, 2007. The Trust is amending the tender offer statement on file with the Securities and Exchange Commission (the "SEC") to reflect the extension of the offer and other relevant information. In addition, the Trust is currently engaged in settlement discussions with the Board of Directors of the Fund regarding pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. as more fully described in the documents filed with the SEC. The result of these discussions may have a material impact on the Trust's tender offer. Each security holder of the Fund should read the tender offer statement filed with the SEC by the Trust because they contain important information about the tender offer. Security holders of the Fund can obtain the tender offer statement and other documents that are filed with the SEC for free on the Securities and Exchange Commission's web site at http://www.sec.gov. MacKenzie Partners, Inc. is acting as the information agent and The Colbent Corporation is the depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. . Copies of the Offer to Purchase, the Seventh Supplement to the Offer to Purchase, the Consent and Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , and other related documents may be obtained at no charge from MacKenzie Partners, Inc. at 800-322-2885 (toll-free), 212-929-5500 (collect), or from the SEC's web site at www.sec.gov. This news release is not an offer to purchase, nor is it a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to sell, any securities. The tender offer may only be made pursuant to the Offer to Purchase, as amended, and the accompanying Letter of Transmittal. Holders of shares of common stock of the Fund should read carefully the Offer to Purchase and related materials, including any amendments thereto, because they contain important information. The Trust has mailed a copy of the applicable Offer to Purchase, the Letter of Transmittal and related documents, including amendments thereto, to each of the holders of common stock of the Fund. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Lola Brown Trust No. 1B undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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