NEUBERGER ENERGY INFRASTRUCTURE AND INCOME FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Energy Infrastructure and Income Fund (NYSE American: NML) raised its monthly distribution to $0.07008 per share from $0.0584 (≈20% increase), producing an annualized rate of $0.84096. The Fund declared the next distribution payable April 30, 2026, with record and ex-date of April 15, 2026.

The Fund reported the new distribution equals approximately 8.13% of market price and 7.16% of NAV as of March 25, 2026, and said portions may be treated as a non-taxable return of capital.

Positive

• Monthly distribution increased ~20% to $0.07008
• Annualized distribution raised to $0.84096 per share
• Distribution yield ~8.13% of market price (as of Mar 25, 2026)

Negative

• Portion of distributions may be a non-taxable return of capital
• No assurance distributions of any particular amount will continue
• Fund pays federal income tax, potentially lowering distributions versus direct MLP investment

Key Figures

New monthly distribution: $0.07008 per share Prior monthly distribution: $0.0584 per share Distribution increase: approximately 20% +5 more

8 metrics

New monthly distribution $0.07008 per share New fixed monthly rate announced March 26, 2026

Prior monthly distribution $0.0584 per share Previous fixed monthly rate before increase

Distribution increase approximately 20% Increase from $0.0584 to $0.07008 per share

New annualized distribution $0.84096 per share Annualized at new monthly rate

Prior annualized distribution $0.7008 per share Annualized at prior monthly rate

Market price distribution rate approximately 8.13% Yield on Fund market price as of March 25, 2026

NAV distribution rate approximately 7.16% Yield on Fund net asset value as of March 25, 2026

Next payable date April 30, 2026 Payment date for next monthly distribution

Market Reality Check

Price: $10.40 Vol: Volume 135,449 vs 20-day ...

normal vol

$10.40 Last Close

Volume Volume 135,449 vs 20-day average 189,600 (relative volume 0.71) shows no unusual activity. normal

Technical Price $10.40 is trading above the 200-day MA of $8.83 and near the 52-week high of $10.44.

Peers on Argus

NML gained 0.68% while peers like DPG (-0.35%), FTHY (-0.30%) and VCV (-0.67%) w...

NML gained 0.68% while peers like DPG (-0.35%), FTHY (-0.30%) and VCV (-0.67%) were down, indicating a stock-specific reaction to the distribution change rather than a sector-wide move.

Historical Context

5 past events · Latest: Feb 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 27	Monthly distribution	Neutral	+1.3%	Declared $0.0584 monthly distribution with March 2026 payment details.
Jan 30	Monthly distribution	Neutral	-3.0%	Announced $0.0584 monthly distribution payable February 27, 2026.
Dec 31	Monthly distribution	Neutral	+0.7%	Set $0.0584 distribution for January 30, 2026 with Jan 15 record date.
Nov 28	Monthly distribution	Neutral	-0.1%	Declared $0.0584 common share distribution for December 31, 2025.
Oct 31	Monthly distribution	Neutral	+0.6%	Announced $0.0584 distribution payable November 28, 2025.

Pattern Detected

Regular monthly distribution announcements have typically led to modest, mixed price reactions around the event.

Recent Company History

Over the last five months, NML has repeatedly announced a monthly distribution of $0.0584 per share, with record and payment dates spaced about a month apart. These notices emphasized that part of the payout may be a non-taxable return of capital and that fund-level taxes can reduce distributable cash flow. Price reactions to these prior distribution announcements ranged from modest gains to small declines, suggesting that such news has been largely routine for the market until this latest increase.

Market Pulse Summary

This announcement raises the Fund’s monthly distribution from $0.0584 to $0.07008 per share, lifting...

Analysis

This announcement raises the Fund’s monthly distribution from $0.0584 to $0.07008 per share, lifting the annualized payout to $0.84096 and implying yields of 8.13% on market price and 7.16% on NAV as of March 25, 2026. The disclosure reiterates that part of the payout may be a non-taxable return of capital and that fund-level taxes reduce distributable cash flow. Investors may watch future notices for the mix of income, gains, and return of capital.

Key Terms

master limited partnerships, net asset value, return of capital, investment company act of 1940

4 terms

master limited partnerships financial

"distributions from master limited partnerships ("MLPs") or their affiliates"

Master limited partnerships are businesses that combine the tax advantages of a partnership with shares that trade on public markets, letting everyday investors buy units and collect regular cash distributions. They often operate in industries with steady, fee-like revenue (for example pipelines), so they can act like owning a rental that pays you income; investors care because MLPs are mainly used for predictable cash returns but can be sensitive to commodity prices and interest rates.

net asset value financial

"distribution rate of approximately 8.13% of the Fund's market price and 7.16% of its net asset value"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

return of capital financial

"portion of its distributions to stockholders will constitute a non-taxable return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

investment company act of 1940 regulatory

"In compliance with Section 19 of the Investment Company Act of 1940, as amended"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

AI-generated analysis. Not financial advice.

NEW YORK, March 26, 2026 /PRNewswire/ -- Neuberger Energy Infrastructure and Income Fund Inc. (NYSE American: NML) (the "Fund") has announced an increase in its monthly distribution rate to $0.07008 per share of common stock from the prior monthly distribution rate of $0.0584 per share, representing an increase of approximately 20%. The Fund has also declared its next monthly distribution at the new rate, which is payable on April 30, 2026, has a record date of April 15, 2026, and has an ex-date of April 15, 2026.

The new monthly distribution rate of $0.07008 per share represents an annualized distribution per share of $0.84096 versus the prior annualized amount of $0.7008 and results in a distribution rate of approximately 8.13% of the Fund's market price and 7.16% of its net asset value, as of March 25, 2026.

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 2026 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

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 27 countries. The firm manages $563 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 is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of December 31, 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 is the new monthly distribution rate for NML and when is it payable?

The new monthly rate is $0.07008 per share and is payable on April 30, 2026. According to the company, the distribution was declared with a record and ex-date of April 15, 2026 and reflects the Fund's updated fixed monthly rate.

How much did NML increase its distribution and what is the annualized amount?

NML increased its monthly distribution by approximately 20% to $0.07008 per share. According to the company, that equals an annualized distribution of $0.84096 per share versus the prior $0.7008 annualized amount.

What yield does NML's new distribution represent relative to price and NAV?

The new distribution represents about 8.13% of the Fund's market price and 7.16% of NAV as of March 25, 2026. According to the company, these percentages reflect the announced monthly rate annualized against those values.

Will NML's distributions be taxable as income or return of capital?

A portion of NML distributions is expected to constitute a non-taxable return of capital, reducing shareholders' tax basis. According to the company, the final tax characterization for 2026 will be determined after year-end and disclosed to investors.

Why might NML pay lower distributions than direct MLP investments?

NML is subject to federal income tax, which can reduce cash available for distributions compared with direct MLP holdings. According to the company, any taxes the Fund pays will likely lower distributions versus investing directly in MLPs.