Neuberger Berman Announces Monthly Distribution for January 2025
On December 31, 2024, Neuberger Berman Energy Infrastructure and Income Fund Inc. (traded on NYSE American under the ticker NML) announced its latest monthly cash distribution. The Fund has declared a payment of $0.0584 per share of its common stock, which is set to be paid out on January 31, 2025. The record date for this distribution is January 15, 2025, coinciding with its ex-date, also on January 15, 2025.
The Fund is committed to providing regular monthly distributions to its shareholders at a predetermined rate per share. This rate will be assessed based on various factors, including the anticipated net rate of return from the Fund’s investments. Notably, Neuberger Berman has articulated a clear intention to draw these monthly distributions from its distributable cash flow. This cash flow typically comprises cash and paid-in-kind distributions from master limited partnerships (MLPs) as well as dividends from common stocks, interest from borrowed instruments, and income from other investments, minus any incurred operational expenses and taxes.
Furthermore, it is anticipated that some of the distributions paid to shareholders may be classified as a non-taxable return of capital. This means that while some of the distribution reflects the return of an original investment made by common shareholders, it should not be mistaken for conventional dividend payments. When a return of capital occurs, it reduces a shareholder’s basis in the Fund's shares, thereby potentially increasing capital gains or decreasing capital losses when those shares are sold.
While Neuberger Berman works diligently to maintain consistent monthly payouts, it is essential to understand that there is no guarantee of always meeting a specific distribution amount. All distributions may not consist solely of net earnings or accumulated profits. As per the regulatory framework established under the Investment Company Act of 1940, any distribution that does not come exclusively from net investment income would be communicated to shareholders in a notice that serves informational purposes and does not impact tax reporting. This notice would elaborate on the anticipated components of each distribution, focusing on elements like net investment income, capital gains, and return of capital.
Investors should also be mindful that the Fund is subject to federal income tax on its taxable income, a distinction from most investment companies which are not taxable. The taxes imposed on the Fund could consequently diminish the amounts available for shareholder distributions, suggesting that returns received might be less favorable compared to direct investments in MLPs.
Established in 1939, Neuberger Berman has emerged as a noteworthy private, independent investment manager, currently boasting a workforce of over 2,800 personnel distributed across 26 global locations. The firm manages an impressive $509 billion across various asset classes including equities, fixed income, private equity, real estate, and hedge funds, servicing a diverse clientele comprising institutions, advisors, and individual investors. Neuberger Berman's investment ethos is centered on active management, in-depth fundamental research, and proactive ownership.
Recognized for its commitment to excellence in environmental, social, and governance practices, Neuberger Berman proudly belongs to the Leader's Group identified by the PRI, a distinction awarded to fewer than 1% of investment management firms. For the past decade, the firm has consistently featured as a top contender in Pensions & Investments' list of the Best Places to Work in Money Management, particularly among firms employing more than 1,000 staff. To discover more about Neuberger Berman's services and outlook, feel free to visit their website at www.nb.com.
The Fund is committed to providing regular monthly distributions to its shareholders at a predetermined rate per share. This rate will be assessed based on various factors, including the anticipated net rate of return from the Fund’s investments. Notably, Neuberger Berman has articulated a clear intention to draw these monthly distributions from its distributable cash flow. This cash flow typically comprises cash and paid-in-kind distributions from master limited partnerships (MLPs) as well as dividends from common stocks, interest from borrowed instruments, and income from other investments, minus any incurred operational expenses and taxes.
Furthermore, it is anticipated that some of the distributions paid to shareholders may be classified as a non-taxable return of capital. This means that while some of the distribution reflects the return of an original investment made by common shareholders, it should not be mistaken for conventional dividend payments. When a return of capital occurs, it reduces a shareholder’s basis in the Fund's shares, thereby potentially increasing capital gains or decreasing capital losses when those shares are sold.
While Neuberger Berman works diligently to maintain consistent monthly payouts, it is essential to understand that there is no guarantee of always meeting a specific distribution amount. All distributions may not consist solely of net earnings or accumulated profits. As per the regulatory framework established under the Investment Company Act of 1940, any distribution that does not come exclusively from net investment income would be communicated to shareholders in a notice that serves informational purposes and does not impact tax reporting. This notice would elaborate on the anticipated components of each distribution, focusing on elements like net investment income, capital gains, and return of capital.
Investors should also be mindful that the Fund is subject to federal income tax on its taxable income, a distinction from most investment companies which are not taxable. The taxes imposed on the Fund could consequently diminish the amounts available for shareholder distributions, suggesting that returns received might be less favorable compared to direct investments in MLPs.
About Neuberger Berman
Established in 1939, Neuberger Berman has emerged as a noteworthy private, independent investment manager, currently boasting a workforce of over 2,800 personnel distributed across 26 global locations. The firm manages an impressive $509 billion across various asset classes including equities, fixed income, private equity, real estate, and hedge funds, servicing a diverse clientele comprising institutions, advisors, and individual investors. Neuberger Berman's investment ethos is centered on active management, in-depth fundamental research, and proactive ownership.
Recognized for its commitment to excellence in environmental, social, and governance practices, Neuberger Berman proudly belongs to the Leader's Group identified by the PRI, a distinction awarded to fewer than 1% of investment management firms. For the past decade, the firm has consistently featured as a top contender in Pensions & Investments' list of the Best Places to Work in Money Management, particularly among firms employing more than 1,000 staff. To discover more about Neuberger Berman's services and outlook, feel free to visit their website at www.nb.com.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.