SHERIDAN, WYOMING – January 1, 2026 – Neuberger Energy Infrastructure and Income Fund Inc. (NYSE American: NML) announced a monthly distribution of $0.0584 per share, payable January 30, 2026, with a record date and ex-date of January 15, 2026.
The Three Dates That Matter Most
If you follow income-focused investments, timing is everything—especially when you’re trying to understand whether you’ll receive the next payment. The Fund says this distribution:
- Is payable on January 30, 2026
- Has a record date of January 15, 2026
- Has an ex-date of January 15, 2026
In simple terms, the Fund is laying out the standard calendar that determines who is eligible for the distribution and when it is paid.
How the Fund Says It Plans to Pay Distributions
The Fund says it currently intends to make regular monthly cash distributions to holders of its common stock at a fixed rate per share. It adds that the rate is to be determined based on the projected net rate of return of the Fund’s investments and other factors, and that this approach is subject to ongoing review and adjustment.
The Fund also explains it expects to pay regular monthly distributions out of its distributable cash flow. It describes that cash flow as generally consisting of:
- Cash and paid-in-kind distributions from master limited partnerships (MLPs) or their affiliates
- Dividends from common stocks
- Interest from debt instruments
- Income from other investments held by the Fund
- Minus operating expenses (including leverage costs, if any) and taxes on its taxable income
For everyday investors, that breakdown is useful because it clarifies that the distribution is tied to cash generation and costs inside the Fund, not simply a “guaranteed” payout.
Return of Capital: Why It’s Not the Same as a Dividend
One of the most important parts of the announcement is the Fund’s expectation that a portion of distributions to stockholders will constitute a non-taxable return of capital. The Fund says a return of capital represents a return of a common stockholder’s original investment and should not be confused with a dividend.
The Fund adds that to the extent it pays a return of capital, a stockholder’s basis in Fund shares will be reduced, which can increase a capital gain or reduce a capital loss when shares are sold. It also says there is no assurance it will always be able to pay a distribution of any particular amount, or that a distribution will consist solely of current and accumulated earnings and profits.
A Tax Detail That Can Surprise Investors
The Fund states it is subject to federal income tax on its taxable income, unlike most investment companies. It also states that any taxes paid will reduce the amount available to pay distributions, and that investors will likely receive lower distributions than if they invested directly in MLPs.
That doesn’t automatically make the Fund a “bad” choice—it just means investors should understand that the structure can change how much of the underlying cash flow reaches shareholders, especially compared with direct ownership of the underlying assets.
What to Watch Next (Without Overthinking It)
For many income investors, the practical next step is not chasing the story—it’s tracking the calendar and understanding the character of the payout. The Fund notes that final determination of the source and tax characteristics of distributions paid in 2026 will be made after year-end, which implies that investors may not know the final breakdown immediately.
A calm way to approach announcements like this is:
- Note the ex-date and record date so you understand eligibility
- Keep an eye on how much is classified as return of capital versus other sources
- Remember the Fund says distributions can change over time based on performance and other factors
Learn more at www.nb.com