Samalin Investment Counsel LLC Buys 93,358 Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Samalin Investment Counsel LLC boosted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 53.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,682 shares of the investment management company’s stock after acquiring an additional 93,358 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $2,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NML. Saba Capital Management L.P. lifted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.1% in the 1st quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock valued at $18,319,000 after purchasing an additional 326,572 shares during the last quarter. Bank of America Corp DE increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock valued at $40,227,000 after purchasing an additional 240,841 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 35.1% during the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after buying an additional 59,367 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 56.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 56,205 shares of the investment management company’s stock valued at $478,000 after buying an additional 20,205 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 81,989 shares of the investment management company’s stock valued at $862,000 after buying an additional 9,760 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML opened at $10.37 on Monday. The business has a fifty day moving average of $10.40 and a 200 day moving average of $10.25. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.98.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.0701 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.84 annualized dividend and a dividend yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide current income and long-term total return by investing primarily in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded securities associated with the transportation, storage, processing and distribution of energy commodities.