Neuberger Berman Fund Declares Monthly Distribution of $0.0584
Neuberger Berman Energy Infrastructure and Income Fund Shares Monthly Distribution
Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has declared a monthly distribution of $0.0584 per share for its common stock. This distribution showcases the Fund's ongoing commitment to providing returns to its shareholders.
Understanding the Fund's Distribution Strategy
The Fund aims to deliver regular monthly cash distributions to its investors based on the expected net return from its diverse investments. The anticipated fixed rate will depend on various factors, including the Fund's performance and market conditions. Distributions will typically be made from the Fund's cash flow derived from investments such as MLPs, dividends, interest income, and other financial instruments, minus operating expenses.
What Constitutes a Return of Capital?
A segment of the distributions might be classified as a non-taxable return of capital. This indicates that part of the funds received is a refund of an investor's original investment rather than profit. Such returns can affect the cost basis of shares, which influences capital gains or losses upon selling the shares.
Investment Company Act Compliance
In accordance with the Investment Company Act of 1940, the Fund will provide notice whenever a distribution does not solely include net investment income. This notice serves as an informational tool to keep investors informed about their financial distributions, including specifics about capital gains and returns of capital.
Tax Implications for Investors
Unlike many investment firms, this Fund is subject to federal income taxes on its taxable income. The taxes paid will inevitably lower the amount available for distributions, meaning that stockholders may see reduced distributions compared to what they might receive from directly investing in MLPs.
About Neuberger Berman
Neuberger Berman stands as a distinguished private, independent investment manager since its inception in 1939. With a workforce of over 2,800 employees across 26 countries, the firm manages a robust portfolio exceeding $509 billion across various asset classes including equities, fixed income, private equity, and hedge funds for institutions and individual clients alike. Their investment approach hinges on active management, rigorous research, and committed ownership principles, garnering recognition for excellence in environmental and social governance.
Recognition and Workplace Culture
Neuberger Berman has continuously been heralded as one of the top places to work in the finance sector, a testament to its employee-centric culture. Over the last ten years, it has earned top accolades from Pensions & Investments, further establishing its reputation in the investment community.
Contact Information for Investors
For inquiries and further information, investors can contact:
Neuberger Berman Investment Advisers LLC
Investor Information: (877) 461-1899
Frequently Asked Questions
1. What is the significance of the declared distribution?
The declared distribution represents a regular cash payout to shareholders, reaffirming the Fund's commitment to return capital.
2. How often does the Neuberger Berman Fund declare distributions?
The Fund aims to announce distributions on a monthly basis, based on its financial performance.
3. What factors influence the distribution amount?
The distribution amount is influenced by the Fund's net returns from its investments, market conditions, and operational costs.
4. Are distributions from the Fund taxable?
Yes, the distributions may have tax implications, and portions may be classified as returns of capital, affecting the cost basis of shares.
5. Where can I learn more about Neuberger Berman?
More information about Neuberger Berman can be obtained from their official website, where they detail their investment philosophy, services, and corporate governance.
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