Neuberger Energy Infrastructure and Income Fund Inc. reports recurring fund developments tied to its closed-end, income-oriented investment mandate. NML news primarily covers monthly common-stock distribution declarations, distribution-rate changes, record and ex-dividend dates, and the fund's use of distributable cash flow from MLP-related distributions, common-stock dividends, debt-interest income and other portfolio investments.
Company updates also address Section 19 notices under the Investment Company Act of 1940, estimated distribution sources such as net investment income, capital gains and return of capital, and references to market price and net asset value when distribution rates are discussed.
Neuberger Berman MLP and Energy Income Fund (NYSE American: NML) declared a monthly distribution of $0.01345 per common share, payable on August 31, 2020. The record date is August 17, 2020, and the ex-date is August 14, 2020. Due to market volatility affecting MLPs and energy firms, the Fund will assess its distribution stability moving forward. Distributions may include non-taxable return of capital, impacting shareholders' investment basis. The Fund is subject to federal income tax, reducing potential payouts compared to direct MLP investments.