NEW
YORK, Dec. 29, 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
January 31, 2024, has a record date
of January 16, 2024, and has an
ex-date of January 12, 2024.
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 2024 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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