Neuberger Berman Energy Infrastructure and Income Fund
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NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION
Prnewswire· 2025-09-29 11:45
Core Points - Neuberger Berman Next Generation Connectivity Fund Inc. has increased its monthly distribution rate to $0.12 per share from $0.10, marking a 20% increase [1] - The new monthly distribution rate translates to an annualized distribution of $1.44 per share, compared to the previous $1.20, resulting in a distribution rate of approximately 9.49% of the Fund's market price and 8.44% of its net asset value as of September 26, 2025 [2] - The Fund plans to maintain this distribution rate of $0.12 per share, subject to market conditions, but its ability to do so will depend on various factors including income stability and capital gains [3][4] Distribution Details - The next monthly distribution at the new rate is payable on October 31, 2025, with a record date of October 15, 2025, and an ex-date of October 15, 2025 [1] - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with notifications provided for any distributions not solely consisting of net investment income [4] Company Overview - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [5] - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5]
NEUBERGER BERMAN ENERGY INFRASTRUCTURE AND INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION
Prnewswire· 2025-07-31 20:30
Core Viewpoint - Neuberger Berman Energy Infrastructure and Income Fund Inc. has declared a distribution of $0.0584 per share, payable on August 29, 2025, with a record and ex-date of August 15, 2025 [1] Distribution Details - The Fund intends to make regular monthly cash distributions at a fixed rate per share, based on projected net rate of return and other factors, subject to ongoing review [2] - Distributions will be paid from distributable cash flow, which includes cash from MLPs, dividends, interest, and other income, minus operating expenses and taxes [2] Tax Implications - A portion of distributions may be classified as a non-taxable return of capital, which reduces the stockholder's basis in Fund shares, potentially increasing capital gains or reducing capital losses upon sale [3] - The Fund is subject to federal income tax on its taxable income, which may result in lower distributions compared to direct investments in MLPs [5] Compliance and Reporting - In accordance with the Investment Company Act of 1940, the Fund will provide notices for distributions not solely consisting of net investment income, detailing estimated portions of net investment income, capital gains, and return of capital [4]