Neuberger Berman Real Estate Income Fund Inc. Announces Change in Meeting Date for Special Meeting of Stockholders

  
    
  
  
    
      Neuberger Berman Real Estate Income Fund Inc. (NYSE: NRL) announced that 
      to ensure that stockholders have sufficient time to consider proxy 
      materials it has changed the date for the special meeting of 
      stockholders. The meeting will be held on Tuesday, August 28, 2007 at 
      11:00 a.m. at 605 Third Avenue, New York, NY 10158. The record date for 
      determining stockholders entitled to vote at the meeting remains May 30, 
      2007.
    
    
      Forward-Looking Statements
    
    
      Statements made in this release that look forward in time involve risks 
      and uncertainties and are forward-looking statements within the meaning 
      of the Private Securities Litigation Reform Act of 1995. Such risks and 
      uncertainties include, without limitation, the adverse effect from a 
      decline in the securities markets or a decline in the Fund’s 
      performance, a general downturn in the economy, competition from other 
      funds, changes in government policy or regulation, inability of the Fund’s 
      investment advisor to attract or retain key employees, inability of the 
      Fund’s investment advisor to implement its 
      investment strategy, inability of the Fund to manage unforeseen costs 
      and other effects related to legal proceedings or investigations of 
      governmental and self-regulatory organizations.