NEW YORK,
June 28,
2024 /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 July 31, 2024, has a record date of July 15, 2024, and has an ex-date of July 15, 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 is an employee-owned, private,
independent investment manager founded in 1939 with over 2,800
employees in 26 countries. The firm manages $474 billion of equities, fixed income, private
equity, real estate and hedge fund portfolios for global
institutions, advisors and individuals. Neuberger Berman's
investment philosophy is founded on active management, fundamental
research and engaged ownership. UNPRI named the firm a Leader, a
designation awarded to fewer than 1% of investment firms for
excellence in environmental, social and governance practices.
Neuberger Berman has been named by Pensions & Investments as
the #1 or #2 Best Place to Work in Money Management for each of the
last ten years (firms with more than 1,000 employees). Visit
www.nb.com for more information. Data as of March 31, 2024.
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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