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NEW YORK - Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML), a financial investment fund currently trading at $8.53 with a market capitalization of $482 million, has declared a monthly distribution of $0.0584 per share. According to InvestingPro data, the fund maintains an attractive dividend yield of 8.24%. This distribution is scheduled to be paid on June 30, with shareholders on record as of June 16 also recognized as the ex-date for the distribution.
The Fund’s approach is to offer regular monthly cash distributions to its common stockholders. These distributions are calculated based on the projected returns from the Fund’s investments, which include cash and paid-in-kind distributions from master limited partnerships (MLPs), dividends from common stocks, interest from various debt instruments, and other income-generating assets. InvestingPro analysis reveals the fund has maintained dividend payments for 13 consecutive years, demonstrating remarkable consistency in its distribution strategy. The distributions are also adjusted to account for the Fund’s operational expenses, leverage costs, and applicable taxes.
A portion of these distributions may be considered a non-taxable return of capital, which essentially represents a portion of the stockholders’ initial investment back to them, rather than income. This can affect the tax basis of an investor’s shares and consequently the capital gains or losses realized upon their sale.
The Fund complies with the Investment Company Act of 1940, which mandates a notice to shareholders if distributions are sourced from anything other than net investment income. This notice provides details on the composition of the distribution, including capital gains and returns of capital, for informational purposes.
Neuberger Berman, the managing entity of the Fund, is a privately-held investment manager with a global presence and a history dating back to 1939. As of March 31, 2025, the firm oversees $515 billion across various asset classes, including equities and fixed income. The fund has demonstrated strong performance, with InvestingPro data showing a notable 23.09% total return over the past year and maintaining a robust financial health score of 3.2 out of 5.
The announcement also highlighted that the Fund is subject to federal income tax on its taxable income, which is not common for most investment companies. This could mean that the distributions paid to stockholders might be lower than those from direct investments in MLPs due to the tax burden.
Investors are reminded that forward-looking statements are subject to risks and uncertainties, which could affect the Fund’s performance and its ability to maintain its distribution levels. This information is based on a press release statement from Neuberger Berman.
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