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Exhibit 99.3
[LETTERHEAD OF NEUBERGER BERMAN INC.]
PRESS RELEASE
Contact: Robert Matza
Executive Vice President and Chief Administrative Officer
(212) 476-9808
FOR IMMEDIATE RELEASE
NEUBERGER BERMAN INC. DECLARES DIVIDEND
FOR THIRD QUARTER 2000
New York, NY, October 19, 2000... Neuberger Berman Inc. (NYSE: NEU) today
announced that its Board of Directors has declared the company's dividend for
the third quarter of 2000, in the amount of $0.10 per share. The dividend will
be payable on November 14, 2000 to stockholders of record at the close of
business on October 31, 2000.
Neuberger Berman is an investment advisory company that has provided clients
with a broad range of investment products, services and strategies for more than
60 years. The company engages in private asset management, estate planning and
trust services, mutual funds and institutional management, and professional
securities services for individuals, institutions, corporations, pension funds,
foundations and endowments. Its website, and this news release, can be accessed
at www.nb.com.
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 Company's products' performance, a general downturn
in the economy, competition from other companies, changes in government policy
or regulation, inability of the Company to attract or retain key employees,
inability of the Company to implement its operating strategy and acquisition
strategy, inability of the Company to manage rapid expansion and unforeseen
costs and other effects related to legal proceedings or investigations of
governmental and self-regulatory organizations.
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