Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has announced a distribution declaration of $0.0584 per share of common stock. The distribution is payable on August 31, 2023, with a record date of August 15, 2023, and an ex-date of August 14, 2023.
The Fund plans to make regular monthly cash distributions to holders of its common stock based on the projected net rate of return of its investments and other factors. The distributions will be paid out of the Fund’s distributable cash flow, which includes income from master limited partnerships (MLPs), dividends from common stocks, and other investments held by the Fund.
A portion of the distributions to stockholders is expected to be a non-taxable return of capital. It is important to note that a return of capital should not be confused with a dividend, as it represents a return of the original investment. The Fund cannot guarantee the amount of each distribution or whether it will be solely from earnings and profits.
In compliance with the Investment Company Act of 1940, a notice will be provided for any distribution that does not consist solely of net investment income. The notice will provide information on the estimated portions of the distribution related to net investment income, capital gains, and return of capital.
The Fund is subject to federal income tax on its taxable income, which may reduce the amount available for distributions to stockholders. Investors in the Fund may receive lower distributions compared to direct investments in MLPs.
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages various strategies on behalf of institutions, advisors, and individual investors globally. Neuberger Berman’s investment philosophy is based on active management, engaged ownership, and fundamental research.
Please note that this article has been reformatted for clarity and to remove irrelevant information.