NEUBERGER BERMAN ENERGY INFRASTRUCTURE AND INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) declared a monthly distribution of $0.0584 per common share payable on December 31, 2025 with record and ex-date of December 15, 2025.

The Fund intends to make regular monthly cash distributions at a fixed per-share rate determined from projected net returns and other factors, paid from distributable cash flow (MLP cash/PIK, dividends, interest) net of expenses, leverage costs and taxes. The Fund expects a portion of distributions may be a non-taxable return of capital, which reduces shareholder tax basis. Final tax characterization for 2025 will be determined after year-end.

Positive

• $0.0584 distribution declared per share
• Payable on December 31, 2025 with Dec 15, 2025 record/ex-date
• Fund intends regular monthly cash distributions at a fixed per-share rate

Negative

• Portion of distribution expected as return of capital, reducing shareholder basis
• No assurance distributions will match amount or be solely earnings
• Fund pays federal taxes, likely reducing distributions versus direct MLP investment

Insights

Capital markets analyst

Monthly distribution declared: $0.0584 per share, payable December 31, 2025.

Neuberger Berman Energy Infrastructure and Income Fund declared a monthly cash distribution of $0.0584 per common share with record and ex-date on December 15, 2025 and a payable date of December 31, 2025. The Fund states it intends to fund regular monthly distributions from distributable cash flow, defined as cash and paid-in-kind distributions from MLPs and income from other investments less operating expenses, leverage costs and taxes.

The sustainability of the distribution depends on future distributable cash flow and the Fund's tax position; the Fund explicitly notes portions of the distribution are expected to be a non-taxable return of capital, which reduces shareholder tax basis. The Fund also warns that taxes on its taxable income will reduce cash available for distributions and that there is no assurance of maintaining any specific distribution amount.

Watch the Fund's year-end source determination and the post-year tax characterization of 2025 distributions, which the Fund says will be finalized after year-end. Key monitorables: confirmation of distributable cash flow levels, the final breakdown of the 2025 distributions, and any changes to the stated monthly distribution policy over the next 1–3 months.

NEW YORK, Nov. 28, 2025 /PRNewswire/ -- Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) (the "Fund") has announced a distribution declaration of $0.0584 per share of common stock. The distribution announced today is payable on December 31, 2025, has a record date of December 15, 2025, and has an ex-date of December 15, 2025.

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 2,900 employees in 26 countries. The firm manages $558 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named the #1 Best Place to Work in Money Management by Pensions & Investments and has placed #1 or #2 for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of September 30, 2025.

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

What distribution did NML announce for December 2025 and when is it payable?

NML declared a $0.0584 per share distribution payable on December 31, 2025 with record/ex-date December 15, 2025.

Will NML continue paying monthly distributions after December 2025?

The Fund currently intends to make regular monthly cash distributions at a fixed per-share rate subject to ongoing review and adjustment.

Is NML's December 2025 distribution taxable as income or return of capital?

The Fund expects a portion may be a non-taxable return of capital; final tax characterization for 2025 will be determined after year-end.

What is NML's record date and ex-date for the December 2025 distribution?

Both the record date and ex-date are December 15, 2025.

Why might NML distributions be lower than investing directly in MLPs?

The Fund is subject to federal income tax; taxes paid by the Fund reduce cash available for distributions compared with direct MLP ownership.