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.
Neuberger Berman MLP and Energy Income Fund (NML) announced a monthly distribution of $0.0584 per share, payable on April 28, 2023, with a record date of April 17, 2023 and an ex-date of April 14, 2023. The Fund aims to provide regular distributions based on net return projections, funded primarily through distributable cash flow from various investments. A portion of the distribution will likely be classified as a non-taxable return of capital, which reduces the stockholder's basis in shares. Investors are advised that the Fund incurs federal income tax, potentially resulting in lower distributions compared to direct MLP investments.
On March 6, 2023, Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) announced a name change to Neuberger Berman Energy Infrastructure and Income Fund Inc. along with alterations to its investment policy, effective around May 15, 2023. These changes aim to better represent the Fund's focus on energy infrastructure. The amended policy will maintain at least 80% investment in U.S. and non-U.S. equity or fixed income securities of 'Energy Infrastructure Companies', including MLPs, utilities, and others in the energy sector. The Fund's investment objective will remain focused on total return and cash distributions.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) announced a distribution of $0.0584 per share, payable on March 31, 2023, with a record date of March 15, 2023 and an ex-date of March 14, 2023. The Fund intends to make regular monthly cash distributions based on its projected net rate of return and other financial factors. Distributions may include a non-taxable return of capital, impacting shareholders' investment basis. The Fund is subject to federal income tax, potentially leading to lower distributions compared to direct MLP investments. The announcement emphasizes the Fund's ongoing review of its financial position for distributions.
On January 31, 2023, Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) announced a monthly cash distribution of $0.0584 per share, payable on February 28, 2023. The record date is February 15, 2023, with an ex-date of February 14, 2023. The Fund aims to provide regular distributions funded by its distributable cash flow, which includes income from various investments after expenses. Notably, some distributions may be classified as a non-taxable return of capital, which impacts the shareholder's investment basis. The Fund's performance may be affected by federal income tax obligations, potentially leading to lower distributions compared to direct MLP investments.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) declared a monthly distribution of $0.0584 per share, payable on January 31, 2023. The record date is January 17, 2023, and the ex-date is January 13, 2023. The Fund intends to maintain regular monthly cash distributions based on its cash flow from investments, subject to periodic review. It expects that a portion of the distributions may be classified as a non-taxable return of capital, potentially affecting shareholders' tax bases. The Fund is subject to federal income tax, which may reduce available distributions.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) has increased its monthly distribution rate to $0.0584 per share from $0.02266, marking a 157% increase. The new distribution, payable on December 30, 2022, reflects the Fund's strong performance over the past year and is the seventh increase since June 2020, totaling a 400% rise since then. The annualized distribution now stands at $0.7008, with a distribution rate of approximately 10.37% of market price. The Fund aims to enhance stockholder value and competitiveness.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) has declared a distribution of $0.02266 per share, payable on November 30, 2022, with a record date of November 15, 2022 and an ex-date of November 14, 2022. The Fund aims for regular monthly distributions based on projected returns from investments and will pay from distributable cash flow. Some distributions may constitute a non-taxable return of capital, affecting shareholders' basis in their investments. The Fund is subject to federal taxes, impacting the overall amount available for distribution.
Neuberger Berman MLP and Energy Income Fund (NYSE: NML) declared a monthly distribution of $0.02266 per share, payable on October 31, 2022. The record date is October 17, 2022 with an ex-date of October 14, 2022. The Fund plans to maintain regular monthly distributions based on its cash flow from investments, which include master limited partnerships, dividends, and interest income. A portion of these distributions may be a non-taxable return of capital. Investors should note that federal income tax on the Fund's taxable income may affect distribution amounts.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) has declared a monthly distribution of $0.02266 per common stock share, payable on September 30, 2022. The record date for this distribution is September 15, 2022, with an ex-date of September 14, 2022. The Fund plans to make regular cash distributions based on its projected net rate of return, primarily funded by cash flows from investments. A portion of this distribution may be a non-taxable return of capital, impacting shareholders' tax liabilities and capital gains upon sale.
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