#United States #New York #Income Fund #Neuberger Berman #Energy Fund

Neuberger Berman Energy Infrastructure and Income Fund Declares Monthly Distribution

On March 31, 2025, the Neuberger Berman Energy Infrastructure and Income Fund Inc. (traded as NYSE American: NML) announced an important update concerning its shareholder distributions. The fund has decided to distribute an amount of $0.0584 for each share of common stock.

Key Distribution Details

This distribution is set to be paid on April 30, 2025. To ensure eligibility for this payout, shareholders must be recorded on or before April 15, 2025. Importantly, the ex-date for the distribution also aligns with April 15, 2025, which means that shares must be purchased with a sufficient allowance prior to this date to qualify for the distribution.

Neuberger Berman has a strong commitment to providing regular cash distributions to its common stockholders. These payments are calculated based on the expected net rate of return from the fund’s investments and may undergo reviews and adjustments periodically. The distributions aim to come from the fund's distributable cash flow. This cash flow generally includes a variety of income sources:

1. Cash and paid-in-kind distributions from master limited partnerships (MLPs) or their affiliates.
2. Dividend payouts from common stocks.
3. Interest and income generated from debt instruments and other investments, minus operating expenses and taxes.

Understanding the Return of Capital

A notable aspect of this distribution is that part of it may include a return of capital. This type of distribution represents a return of the shareholder's initial investment into the fund, and it should not be confused with typical dividend payments. When shareholders receive a return of capital, the basis in their shares is adjusted downward, which could impact future capital gains or losses when those shares are sold.

The fund is subject to federal income tax, which means that it could distribute less due to taxes than if investors were to directly invest in MLPs. As a result, distributions might not always reflect only the accumulated earnings and profits of the fund.

Compliance and Future Projections

In accordance with Section 19 of the Investment Company Act, Neuberger Berman will provide notices for any distributions that do not solely comprise net investment income. Such notices will serve an informational purpose regarding the distribution's tax characteristics and origins - detailing portions that consist of net investment income, returns of capital, and capital gains.

As the year progresses, the final determination about the nature and sources of all distributions for 2025 will be finalized after year-end, ensuring transparency with investors. Notably, unforeseen market conditions or economic downturns can impact the predictability of distributions, and it must be emphasized that the fund does not guarantee consistent payouts.

About Neuberger Berman

Founded in 1939, Neuberger Berman is an independent investment management firm that has earned a reputation for its management of a range of investment portfolios totaling over $508 billion, encompassing equities, fixed income, real estate, and more. With a workforce exceeding 2,800 personnel globally, the firm emphasizes active management, fundamental research, and sustainable investment. Its leadership in responsible investing has been recognized repeatedly, making it one of the preferred firms in the investment management industry. Neuberger Berman has consistently ranked among the best workplaces in the sector according to Pensions & Investments.

To stay informed about future distributions and potential changes in investment strategy, stakeholders should keep an eye on updates from the fund. For further inquiries, Neuberger Berman offers resources through their investor information hotline.

Conclusion

As Neuberger Berman continues to navigate the complexities of investment management and distribution strategies, its shareholders can feel assured of their commitment to transparency and sustainable growth.