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 December 31, 2024, with a record and ex-date of December 16, 2024. The Fund aims to make regular monthly cash distributions based on projected net returns and other factors, primarily from MLP distributions, dividends, and debt instrument interest, less operating expenses. A portion of distributions may constitute a non-taxable return of capital, which reduces stockholders' cost basis. The Fund is subject to federal income tax, potentially resulting in lower distributions compared to direct MLP investments.
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 dicembre 2024, con una data di registrazione e una data ex del 16 dicembre 2024. Il Fondo mira a effettuare distribuzioni in contante mensili regolari basate sui rendimenti netti previsti e su altri fattori, principalmente dalle distribuzioni MLP, dividendi e interessi su strumenti di debito, al netto delle spese operative. Una parte delle distribuzioni potrebbe costituire un ritorno di capitale non imponibile, il che riduce il costo base degli azionisti. Il Fondo è soggetto a imposta federale sul reddito, il che potrebbe comportare distribuzioni inferiori rispetto agli investimenti diretti in MLP.
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 diciembre de 2024, con una fecha de registro y una fecha ex del 16 de diciembre de 2024. El Fondo tiene como objetivo realizar distribuciones en efectivo mensuales regulares basadas en los rendimientos netos proyectados y otros factores, principalmente de las distribuciones de MLP, dividendos e intereses de instrumentos de deuda, menos los gastos operativos. Una parte de las distribuciones puede constituir un retorno de capital no imponible, lo que reduce la base de costo de los accionistas. El Fondo está sujeto a impuestos federales sobre la renta, lo que podría resultar en distribuciones más bajas en comparación con las inversiones directas en MLP.
뉴버거버먼 에너지 인프라 및 수입 기금 (NYSE American: NML)는 보통주 주당 $0.0584의 월 배당금을 선언했습니다. 배당금은 2024년 12월 31일에 지급되며, 기록일 및 분할일은 2024년 12월 16일입니다. 이 기금은 주로 MLP 배당금, 배당금 및 채무 상품 이자에서 발생하는 예상 순수익 및 기타 요인을 기반으로 정기적인 월 현금 배당금을 지급하는 것을 목표로 하고 있습니다. 배당금의 일부는 비과세 자본 반환으로 간주될 수 있으며, 이는 주주들의 비용 기준을 줄입니다. 이 기금은 연방 소득세의 적용을 받으며, 이는 직접 MLP 투자에 비해 배당금이 줄어들 수 있습니다.
Fonds d'infrastructure et de revenus énergétiques Neuberger Berman (NYSE American: NML) a déclaré une distribution mensuelle de 0,0584 $ par action d'actions ordinaires. La distribution sera payable le 31 décembre 2024, avec une date d'enregistrement et de détachement au 16 décembre 2024. Le Fonds vise à effectuer des distributions mensuelles en espèces régulières basées sur les rendements nets prévus et d'autres facteurs, principalement provenant des distributions MLP, des dividendes et des intérêts sur des instruments de dette, moins les frais d'exploitation. Une partie des distributions peut constituer un retour de capital non imposable, ce qui réduit la base de coût des actionnaires. Le Fonds est soumis à l'impôt fédéral sur le revenu, ce qui peut entraîner des distributions inférieures par rapport aux investissements directs en MLP.
Neuberger Berman Energieinfrastruktur- und Einkommensfonds (NYSE American: NML) hat eine monatliche Ausschüttung von $0,0584 pro Aktie auf Stammaktien erklärt. Die Ausschüttung wird am 31. Dezember 2024 zahlbar sein, mit einem Aufzeichnungs- und Ex-Datum vom 16. Dezember 2024. Der Fonds zielt darauf ab, regelmäßige monatliche Barausschüttungen auf der Grundlage prognostizierter Nettorenditen und anderer Faktoren vorzunehmen, hauptsächlich aus MLP-Ausschüttungen, Dividenden und Zinsen aus Schuldtiteln abzüglich der Betriebskosten. Ein Teil der Ausschüttungen kann als nicht steuerpflichtige Kapitalrückzahlung gelten, was die Kostenbasis der Aktionäre reduziert. Der Fonds unterliegt der bundesstaatlichen Einkommenssteuer, was zu niedrigeren Ausschüttungen im Vergleich zu direkten MLP-Investitionen führen kann.
- Regular monthly distribution maintained at $0.0584 per share
- Diversified income sources including MLPs, dividends, and debt instruments
- Tax structure may result in lower distributions compared to direct MLP investments
- Distributions may include return of capital, reducing stockholders' cost basis
Insights
This monthly distribution announcement of
- The Fund's structure as a taxable entity, unlike typical investment companies, means investors receive lower distributions compared to direct MLP investments
- A portion of distributions likely represents return of capital, which reduces shareholders' cost basis rather than being immediately taxable
- The distribution mechanism reflects the Fund's strategy of providing regular income while managing tax implications for investors
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
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
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