NOTICE OF WITHDRAWAL OF SHARES OF COMMON STOCK
OF
NEUBERGER BERMAN REAL ESTATE INCOME FUND INC.
PREVIOUSLY TENDERED TO
THE LOLA BROWN TRUST NO. 1B AND THE ERNEST HOREJSI TRUST NO. 1B
PURSUANT TO THEIR OFFER TO PURCHASE DATED SEPTEMBER 10, 2004
THE WITHDRAWAL DEADLINE IS MIDNIGHT, NEW YORK CITY TIME, ON FRIDAY,
OCTOBER 8, 2004, UNLESS EXTENDED
This Notice of Withdrawal is Submitted to:
THE COLBENT CORPORATION
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BY MAIL: BY OVERNIGHT COURIER BY HAND:
The Colbent Corporation Attn: DELIVERY: The Colbent Corporation
Corporate Actions The Colbent Corporation Attn: Corporate Actions
POB 859208 Attn: Corporate Actions 161 Bay State Drive
Braintree, MA 02185-9208 161 Bay Street Drive Braintree, MA 02184
Braintree, MA 02184
BY FACSIMILE TRANSMISSION:
(781) 380-3388
CONFIRM BY TELEPHONE:
(781) 843-1833 Ext. 200
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DESCRIPTION OF COMMON SHARES WITHDRAWN
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NAME(S) AND ADDRESS(ES) OF REGISTERED OWNER(S) COMMON SHARE CERTIFICATE(S) AND
(PLEASE FILL-IN, IF BLANK, EXACTLY AS NAME(S) APPEAR ON COMMON SHARES WITHDRAWN
CERTIFICATE(S)) (ATTACH ADDITIONAL LIST, IF NECESSARY)
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TOTAL NUMBER OF
COMMON SHARES
COMMON SHARE REPRESENTED BY NUMBER OF
CERTIFICATE COMMON SHARE COMMON SHARES
NUMBER(S) CERTIFICATE(S) TENDERED**
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TOTAL NUMBER OF
COMMON SHARES
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** Unless otherwise indicated, it will be assumed that all Common Shares evidenced by each Common Share
Certificate delivered to the Depositary are being withdrawn hereby.
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This Notice of Withdrawal is to be completed by stockholders of Neuberger
Berman Real Estate Income Fund Inc. (the "Fund") if certificates representing
shares of common stock, par value $0.0001, of the Fund (the "Common Shares")
were tendered.
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/ / CHECK HERE IF YOUR COMMON SHARES WERE TENDERED PURSUANT TO A NOTICE OF
GUARANTEED DELIVERY PREVIOUSLY SENT TO THE DEPOSITARY AND COMPLETE THE
FOLLOWING. PLEASE ENCLOSE A PHOTOCOPY OF SUCH NOTICE OF GUARANTEED DELIVERY.
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Name(s) of Registered Holder(s):
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Window Ticket No. (if any)
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Date of Execution of Notice of Guaranteed Delivery:
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Name of Institution which Guaranteed Delivery:
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The names and addresses of the registered holders should be printed, if not
already printed above, exactly as they appear on the certificates
representing Common Shares withdrawn hereby. The certificates and number of
Common Shares that the undersigned wishes to withdraw should be indicated in
the appropriate boxes.
SIGNATURES ARE REQUIRED ON THE NEXT PAGE.
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NOTE: SIGNATURE(S) MUST BE PROVIDED BELOW.
PLEASE READ THE INSTRUCTIONS SET FORTH IN THIS
NOTICE OF WITHDRAWAL CAREFULLY.
This Notice of Withdrawal must be signed by registered holder(s) as name(s)
appear(s) on stock certificate(s) or by person(s) authorized to become
registered holder(s) by certificates and documents transmitted. If signature is
by trustee, executor, administrator, guardian, officer or other person acting in
a fiduciary or representative capacity, please set forth full title.
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SIGNATURE(S) OF OWNER(S):
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DATE: , 200
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PRINTED NAMES:
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CAPACITY:
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ADDRESS:
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GUARANTEE OF SIGNATURE(S)
(Required if certificates have been delivered or otherwise
identified to The Colbent Corporation)
[For use by financial institutions only. Place medallion guarantee in space
below.]
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INSTRUCTIONS FOR WITHDRAWAL
OF
PREVIOUSLY TENDERED SHARES OF COMMON STOCK
OF
NEUBERGER BERMAN REAL ESTATE INCOME FUND INC.
TENDERED PURSUANT TO THE OFFER BY
THE LOLA BROWN TRUST NO. 1B AND THE ERNEST HOREJSI TRUST NO. 1B
TO: Holders of common stock, par value $0.0001 (the "Common Shares"), of
Neuberger Berman Real Estate Income Fund Inc.(the "Fund") who have already
tendered their Common Shares pursuant to the offer of the Lola Brown Trust
No. 1B and the Ernest Horejsi Trust No. 1B (the "Horejsi Trusts").
If you have NOT tendered your Common Shares pursuant to the tender offer by
the Horejsi Trusts (the "Horejsi Offer"), you may disregard this document.
If you tendered your Common Shares to The Colbent Corporation (the
depositary for the offer by the Horejsi Trusts), you should contact Georgeson
Shareholder Communications Inc. at 877-255-0133. They will furnish you with
instructions for withdrawing your shares.
1. WITHDRAWAL. If you have tendered your Common Shares pursuant to the
Horejsi Offer, such as by submitting a Letter of Transmittal to The Colbent
Corporation (acting as Depositary for the Horejsi Offer), you may withdraw your
Common Shares previously tendered by completing, executing and sending the
attached "Notice of Withdrawal" to any one of the addresses set forth on the
first page of the Notice of Withdrawal.
2. DELIVERY OF NOTICE OF WITHDRAWAL. THE COLBENT CORPORATION MUST RECEIVE
THE NOTICE OF WITHDRAWAL PRIOR TO MIDNIGHT, NEW YORK CITY TIME, ON OCTOBER 8,
2004, (the "Expiration Date") which is the expiration date of the Offer set
forth in Horejsi Trusts' Offer to Purchase dated September 10, 2004, as amended
and supplemented thereafter (the "Horejsi Offer Document"). It is recommended
that stockholders send the Notice of Withdrawal by facsimile transmission or, if
time permits, to send the notice by certified mail with return receipt
requested.
3. SIGNATURES. The Notice of Withdrawal must be signed, as applicable, by
the persons(s) who signed the Letter of Transmittal and accepted the Horejsi
Offer, and the Notice of Withdrawal must be signed in the same manner as the
Letter of Transmittal was signed. If any Common Shares tendered pursuant to the
Horejsi Offer are registered in the names of two or more joint holders, all such
holders must sign the Notice of Withdrawal. If the Notice of Withdrawal is
signed by any trustee, executor, administrator, guardian, attorney-in-fact,
officer of a corporation, or others acting in a fiduciary capacity, such persons
should so indicate when signing and must submit proper evidence of their
authority to act.
4. GUARANTEES OF SIGNATURES. The terms of the Horejsi Offer Document
require that if Common Share certificates have been delivered or otherwise
certified to The Colbent Corporation, the signature on the Notice of Withdrawal
must be guaranteed by a firm that is a bank, broker, dealer, credit union,
savings association or other entity which is a member in good standing of a
medallion program approved by the Securities Transfer Association, Inc. (an
"Eligible Institution") except in the case of Common Shares tendered for the
account of an Eligible Institution. If the signature was guaranteed on the
Letter of Transmittal, then it must be guaranteed on the Notice of Withdrawal.
5. INADEQUATE SPACE. If the space provided herein is inadequate, the
certificate serial numbers and the number of Common Shares should be listed on a
separate schedule attached hereto.