Welcome to our dedicated page for Neuberger Berman Energy Infrastructure and Income Fund news (Ticker: NML), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman Energy Infrastructure and Income Fund stock.
Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) is a closed-end investment management company based in the United States. The Fund focuses on creating a diverse portfolio of investments primarily in energy infrastructure companies, including master limited partnerships (MLPs) and other entities engaged in the energy sector.
Founded by Neuberger Berman in 1939, the firm prides itself on a philosophy of active management and fundamental research. Neuberger Berman is an independent, employee-owned investment manager with a wide range of strategies across various asset classes such as equity, fixed income, quantitative, private equity, real estate, and hedge funds. The firm has received accolades for its commitment to environmental, social, and governance (ESG) practices, being named a PRI Leader by UNPRI, a distinction awarded to fewer than 1% of investment firms globally.
The Fund has a structured approach to providing regular monthly cash distributions to its stockholders. As of recent announcements, the Fund declared a distribution of $0.0584 per share of common stock, with payments scheduled monthly. These distributions are based on the Fund's projected net rate of return, determined by cash and paid-in-kind distributions from MLPs, dividends from common stocks, interest from debt instruments, and other income, minus operating expenses.
In certain instances, a portion of the Fund's distribution may be considered a non-taxable return of capital, which reduces the stockholder's basis in Fund shares, influencing future capital gains or losses upon sale. These distributions are thoroughly reviewed and adjusted periodically.
Neuberger Berman is not just about investment; it's about engaged ownership. With over 2,800 professionals across 26 countries, the firm manages $474 billion in client assets as of March 31, 2024. Their dedication to active management and in-depth research has positioned them as a leader in the investment management space, recognized by Pensions & Investments as one of the Best Places to Work in Money Management for multiple consecutive years.
Recent Highlights:
- Nov. 30, 2023: Announced a distribution declaration of $0.0584 per share of common stock, payable on December 29, 2023.
- Dec. 29, 2023: Declared distribution of $0.0584 per share, payable on January 31, 2024.
- Jan. 31, 2024: Announced a distribution declaration of $0.0584 per share, payable on February 29, 2024.
- Feb. 29, 2024: Declared distribution of $0.0584 per share, payable on March 28, 2024.
- March 28, 2024: Distribution declaration of $0.0584 per share, payable on April 30, 2024.
- April 30, 2024: Announced distribution of $0.0584 per share, payable on May 31, 2024.
- May 31, 2024: Declared distribution of $0.0584 per share, payable on June 28, 2024.
Contact Neuberger Berman Investment Advisers LLC for further investor information at (877) 461-1899.
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