NEUBERGER BERMAN ENERGY INFRASTRUCTURE AND INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) has declared a monthly distribution of $0.0584 per share of common stock. The distribution will be payable on January 31, 2025, with a record date and ex-date of January 15, 2025.
The Fund aims to make regular monthly cash distributions based on projected net returns and other factors. Distributions typically come from distributable cash flow, including MLP distributions, stock dividends, debt instrument interest, and other investments, minus operating expenses and leverage costs. A portion of distributions may constitute a non-taxable return of capital, which reduces stockholders' basis in Fund shares.
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) ha dichiarato una distribuzione mensile di $0.0584 per azione di azioni ordinarie. La distribuzione sarà pagabile il 31 gennaio 2025, con una data di registrazione e una data di stacco il 15 gennaio 2025.
Il Fondo ha l'obiettivo di effettuare regolari distribuzioni mensili in contante basate sui rendimenti netti previsti e su altri fattori. Le distribuzioni provengono di solito dal flusso di cassa distribuibile, comprese le distribuzioni MLP, i dividendi delle azioni, gli interessi sugli strumenti di debito e altri investimenti, al netto delle spese operative e dei costi di indebitamento. Una parte delle distribuzioni potrebbe costituire un ritorno di capitale non tassabile, il che riduce la base azionaria degli azionisti nel fondo.
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) ha declarado una distribución mensual de $0.0584 por acción de acciones ordinarias. La distribución se pagará el 31 de enero de 2025, con una fecha de registro y fecha ex del 15 de enero de 2025.
El Fondo tiene como objetivo realizar distribuciones regulares mensuales en efectivo basadas en los rendimientos netos proyectados y otros factores. Las distribuciones suelen provenir del flujo de caja distribuible, incluidas las distribuciones MLP, los dividendos de acciones, los intereses de instrumentos de deuda y otras inversiones, menos los gastos operativos y los costos de apalancamiento. Una parte de las distribuciones puede constituir un retorno de capital no imponible, lo que reduce la base de los accionistas en las acciones del Fondo.
Neuberger Berman Energy Infrastructure와 Income Fund (NYSE American: NML)는 보통주 $0.0584의 월 배당금을 선언했습니다. 이 배당금은 2025년 1월 31일에 지급되며, 기록일 및 Ex-date는 2025년 1월 15일입니다.
이 펀드는 예상 순수익 및 기타 요소를 기반으로 정기적인 월 cash 분배를 목표로 하고 있습니다. 분배금은 일반적으로 MLP 배당, 주식 배당금, 채무상품 이자, 기타 투자 및 운영비용과 레버리지 비용을 차감한 배당 가능 현금 흐름에서 발생합니다. 일부 분배는 비과세 자본 반환을 포함할 수 있으며, 이는 펀드 주주들의 보유 자산 기준을 줄입니다.
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) a déclaré une distribution mensuelle de $0.0584 par action d'actions ordinaires. La distribution sera payable le 31 janvier 2025, avec une date d'enregistrement et une date ex au 15 janvier 2025.
Le Fonds vise à effectuer des distributions mensuelles en espèces régulières basées sur les rendements nets prévus et d'autres facteurs. Les distributions proviennent généralement des flux de trésorerie distribuables, y compris les distributions MLP, les dividendes d'actions, les intérêts sur les instruments de dette et d'autres investissements, moins les dépenses opérationnelles et les coûts de levier. Une partie des distributions peut constituer un retour de capital non imposable, ce qui réduit la base des actionnaires dans les actions du Fonds.
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) hat eine monatliche Ausschüttung von $0.0584 pro Aktie von Stammaktien erklärt. Die Ausschüttung wird am 31. Januar 2025 zahlbar sein, mit einem Stichtag und Ex-Datum am 15. Januar 2025.
Der Fonds zielt darauf ab, regelmäßige monatliche Barausschüttungen basierend auf den prognostizierten Nettorenditen und anderen Faktoren vorzunehmen. Die Ausschüttungen stammen typischerweise aus dem verfügbaren Cashflow, einschließlich MLP-Ausschüttungen, Aktien-Dividenden, Zinsen auf Schuldtitel und andere Investitionen, abzüglich Betriebskosten und Fremdkapitalkosten. Ein Teil der Ausschüttungen könnte eine nicht steuerpflichtige Rückzahlung von Kapital darstellen, was die Basis der Aktionäre in den Fondsanteilen verringert.
- Regular monthly distribution maintained at $0.0584 per share
- Multiple income sources including MLPs, stocks, and debt instruments
- Fund subject to federal income tax, reducing available distribution amounts
- Distributions may include return of capital, potentially affecting tax basis
Insights
The monthly distribution announcement of
Critical aspects to consider:
- The fund's unique tax structure as a C- means distributions face double taxation, reducing net returns compared to direct MLP investments
- The return of capital component in distributions, while reducing shareholders' cost basis, provides tax deferral benefits but complicates the total return calculation
- The fund's exposure to energy infrastructure offers inflation protection and potential capital appreciation alongside income generation
The distribution's tax implications warrant careful attention. Unlike typical investment funds, NML's corporate tax structure creates an additional layer of taxation before shareholder distributions. The return of capital (ROC) component reduces investors' cost basis, effectively deferring taxes until shares are sold, but requires meticulous basis tracking.
This distribution mechanism offers a tax-efficient income stream in the short term, as ROC portions are not immediately taxable. However, investors should note that reduced basis from ROC distributions will increase capital gains liability upon eventual sale. The fund's final tax characterization of 2025 distributions, determined post-year-end, will be important for accurate tax planning.
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 2025 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
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
FAQ
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