NEW
YORK, Nov. 30, 2023 /PRNewswire/ -- Neuberger
Berman Energy Infrastructure and Income Fund Inc. (NYSE
American: NML) (the "Fund") has announced a distribution
declaration of $0.0584 per share of
common stock. The distribution announced today is payable on
December 29, 2023, has a record date
of December 15, 2023 and has an
ex-date of December 14, 2023.
The Fund currently intends to make regular monthly cash
distributions to holders of its common stock at a fixed rate per
share, to be determined based on the projected net rate of return
of the Fund's investments as well as other factors, subject to
ongoing review and adjustment from time to time. The Fund currently
intends to pay its regular monthly distributions out of its
distributable cash flow, which generally consists of (1) cash and
paid-in-kind distributions from master limited partnerships
("MLPs") or their affiliates, dividends from common stocks,
interest from debt instruments and income from other investments
held by the Fund less (2) current or accrued operating expenses,
including leverage costs, if any, and taxes on its taxable
income.
The Fund expects that a portion of its distributions to
stockholders will constitute a non-taxable return of capital. A
"return of capital" is a distribution by the Fund which represents
a return of a common stockholder's original investment, and should
not be confused with a dividend. To the extent the Fund pays a
return of capital, a common stockholder's basis in Fund shares will
be reduced, which will increase a capital gain or reduce a capital
loss upon sale of those shares. There is no assurance that the Fund
will always be able to pay a distribution of any particular amount,
or that a distribution will consist solely of the Fund's current
and accumulated earnings and profits.
In compliance with Section 19 of the Investment Company Act of
1940, as amended, a notice would be provided for any distribution
that does not consist solely of net investment income. The notice
would be for informational purposes and not for tax reporting
purposes, and would disclose, among other things, estimated
portions of the distribution, if any, consisting of net investment
income, capital gains and return of capital. The final
determination of the source and tax characteristics of all
distributions paid in 2023 will be made after the end of the
year.
The Fund is subject to federal income tax on its taxable income,
unlike most investment companies. Any taxes paid by the Fund will
reduce the amount available to pay distributions to stockholders,
and therefore investors in the Fund will likely receive lower
distributions than if they invested directly in MLPs.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds—on
behalf of institutions, advisors and individual investors globally.
Neuberger Berman's investment philosophy is founded on active
management, engaged ownership and fundamental research, including
industry-leading research into material environmental, social and
governance factors. Neuberger Berman is a PRI Leader, a designation
awarded to fewer than 1% of investment firms. With offices in 26
countries, the firm's diverse team has over 2,750 professionals.
For nine consecutive years, Neuberger Berman has been named first
or second in Pensions & Investments Best Places to Work in
Money Management survey (among those with 1,000 employees or more).
The firm manages $439 billion in
client assets as of September 30,
2023. For more information, please visit our website at
www.nb.com.
Statements made in this release that look forward in time
involve risks and uncertainties. Such risks and uncertainties
include, without limitation, the adverse effect from a decline in
the securities markets or a decline in the Fund's performance, a
general downturn in the economy, competition from other closed end
investment companies, changes in government policy or regulation,
inability of the Fund's investment adviser to attract or retain key
employees, inability of the Fund to implement its investment
strategy, inability of the Fund to manage rapid expansion and
unforeseen costs and other effects related to legal proceedings or
investigations of governmental and self-regulatory
organizations.
Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899
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SOURCE Neuberger Berman