Neuberger Berman Energy Fund Reveals Latest Monthly Payout

Neuberger Berman Energy Fund Announces Monthly Distribution

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has made a significant announcement regarding its monthly distribution. The Fund has declared a distribution of $0.0584 per common stock share. This distribution serves as a reminder of the Fund's commitment to providing consistent returns to its investors.

Details of the Monthly Distribution

The upcoming distribution is scheduled to be payable on a designated date, with a record date just before the payout. Investors will want to take note of these dates to ensure they are positioned to receive their shares of the payout effectively. The record date and the ex-date are key considerations for shareholders, highlighting that the declared sum is a signal of the Fund's ongoing financial viability.

Understanding the Drivability of Distributions

Neuberger Berman plans to deliver regular monthly cash distributions based on a fixed rate per share. This approach will be assessed due to varied factors, typically influenced by the projected net return from the Fund's extensive investments. These projections allow the Fund to maintain a distribution level that reflects the fluid investment landscape.

Sources of Distributable Cash Flow

Distributable cash flow is crucial for any entity focused on delivering regular returns, and Neuberger Berman is no exception. The Fund expects to pay these distributions primarily from its cash flow, which could include cash or paid-in-kind distributions from master limited partnerships, dividends, and various interest income. The careful management of these funds ensures that cash distributions remain reliable, even in fluctuating markets.

Return of Capital Explained

Investors should also be aware that some distributions may represent a “return of capital.” This concept signifies a return of the original investment rather than profit or gain. While distributions can offer immediate monetary benefits, a return of capital reduces an investor's tax basis within the Fund’s shares, potentially impacting future capital gains or losses upon selling the shares.

Tax Considerations for Distributions

Tax implications surrounding distributions are vital for investors. Neuberger Berman's compliance with taxation regulations and transparency in its disclosures helps investors navigate their financial expectations. Any potential distribution that includes parts other than net investment income will come with a detailed notice which outlines crucial aspects about capital gains and the nature of the distribution.

The Fund's Tax Responsibilities

Unlike many other investment companies, Neuberger Berman is subject to federal income tax on its taxable income, which ultimately influences the net distributions available to investors. This tax obligation means that distributions derived from investments might be lower compared to direct investments in master limited partnerships.

Who is Neuberger Berman?

Founded in 1939, Neuberger Berman stands as an employee-owned, independent investment manager with a robust workforce of over 2,800 professionals across multiple countries. The firm manages a substantial portfolio amounting to $509 billion, investing in equities, fixed income, private equity, and more, guiding institutions and individual investors alike. Its emphasis on active management and fundamental research has garnered attention within the investment community, including accolades for its high standards in environmental, social, and governance practices.

Inviting Conversations with Shareholders

Communication with shareholders remains a priority for Neuberger Berman. The team is available for inquiries through dedicated investor information lines, ensuring that all stakeholders can engage easily. This commitment simplifies access to information and helps investors feel more connected with the Fund's ongoing journey.

Frequently Asked Questions

What is the amount of the recent distribution announced?

The Fund has declared a distribution of $0.0584 per share of common stock.

When will the distribution be payable?

The distribution will be payable on a specific date to be communicated with shareholders.

What does a return of capital mean for investors?

A return of capital refers to a distribution that represents a return of the investor's original investment, reducing the tax basis in their shares.

How does Neuberger Berman manage its distributions?

The Fund bases its distributions on projected net returns from investments while balancing operational costs and expenses.

What sets Neuberger Berman apart in the investment community?

Neuberger Berman is recognized for its commitment to active management and responsible investment practices, establishing a strong reputation among investors.

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