Monthly Distribution Announcement from Neuberger Berman Fund
Neuberger Berman Energy Infrastructure and Income Fund's Distribution Announcement
Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has made a significant announcement regarding its distribution declaration. Investors can expect a distribution of $0.0584 per share of common stock.
Details of the Distribution
This distribution is scheduled for payment on May 30, 2025, with a record date set for May 15, 2025. Additionally, the ex-date is also May 15, 2025. This initiative reflects the Fund's ongoing commitment to provide consistent returns to its shareholders.
Regular Monthly Cash Distributions
The Fund plans to continue offering regular monthly cash distributions to holders of its common stock at a predetermined fixed rate, reflective of the anticipated net returns from the Fund's diverse investments. This approach will undergo regular reviews to ensure the distribution aligns with the Fund's financial performance.
Distributions draw from the Fund's distributable cash flow. This cash flow typically includes cash and paid-in-kind distributions from master limited partnerships (MLPs), dividends from equities, interest from debt instruments, and income from other investments, while deducting current operating costs and taxes as appropriate.
Understanding Return of Capital
It’s important for investors to understand that part of the distributions may be classified as a non-taxable return of capital. This means it represents a return of the original investment rather than an income dividend. When a return of capital occurs, it will subsequently reduce a stockholder's basis in Fund shares, impacting capital gains or losses when those shares are sold.
Tax Considerations for Investors
The Fund falls under the obligation of federal income tax on its taxable income, unlike many investment companies. Any taxes incurred by the Fund will reduce the total amount available for distributions. Hence, investors might receive lower returns compared to direct investments in MLPs, highlighting a more complex financial landscape for shareholders.
Compliance and Notifications
In accordance with Section 19 of the Investment Company Act of 1940, the Fund will provide necessary notifications for any distributions that do not consist solely of net investment income, ensuring transparent communication regarding the sources and characteristics of distributions made during the year.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a distinguished employee-owned investment manager with over 2,800 professionals across 26 countries. The firm manages an impressive portfolio valued at $515 billion, covering a variety of asset classes including equities, fixed income, private equity, and real estate. Neuberger Berman's philosophy is anchored in active management, diligent research, and engaged ownership, and it has been recognized as one of the top workplaces in the money management industry for over a decade.
Investor Contacts
For queries related to investments or distributions, please reach out to Neuberger Berman Investment Advisers LLC at (877) 461-1899. The team's attentive service will provide further insights and assist with any inquiries.
Frequently Asked Questions
What is the amount of the recent distribution declared by the Fund?
The recent distribution announced by the Fund is $0.0584 per share of common stock.
When will shareholders receive the distribution?
The distribution is scheduled to be paid on May 30, 2025.
What does a return of capital mean for investors?
A return of capital indicates a distribution of funds that returns part of the original investment to shareholders, rather than representing earnings.
How is the Fund's cash flow generated?
The Fund's cash flow is generated from MLP distributions, equity dividends, debt interest, and income from various other investments, after accounting for expenses.
Who can investors contact for more information?
Investors can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for further information.
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