Neuberger Berman MLP & Energy Income Fund Inc.: directors' dealings · United States · SEC (Form 4)

About Neuberger Berman MLP & Energy Income Fund Inc.

Neuberger Berman MLP & Energy Income Fund Inc. is a U.S.-listed closed-end investment fund focused on energy infrastructure and income-oriented securities. Originally launched in 2013 as Neuberger Berman MLP Income Fund Inc., the vehicle was designed to give investors access to the master limited partnership (MLP) universe and the broader North American energy build-out. Over time, the fund broadened its mandate: in 2019 it updated its name and investment policy, and in 2023 Neuberger Berman announced another name and policy change to better reflect a wider energy infrastructure focus rather than a narrow MLP-only framework. The fund is listed on NYSE American, so although it is an energy-themed product, it is also a capital-markets vehicle within the U.S. listed fund universe. The fund is managed by Neuberger Berman Investment Advisers LLC, the long-established private, independent, employee-owned asset manager founded in 1939 and headquartered in New York. Neuberger Berman is a global investment platform spanning equity, fixed income, multi-asset, private equity, real estate and hedge fund capabilities. In this structure, the closed-end fund is not an operating energy company; instead, it is an investment company that seeks total return with an emphasis on cash distributions. Its portfolio construction is built around energy infrastructure businesses, especially midstream assets and related securities that tend to generate more recurring cash flows than upstream exploration and production assets. From a portfolio perspective, the mandate can include MLPs organized as limited partnerships or LLCs, C-corporations with predominant MLP exposure, general partner interests, and other securities and instruments providing exposure to the MLP and energy infrastructure market. That broader toolkit allows the manager to adapt to tax, liquidity and valuation considerations while preserving sector exposure. For income-focused investors, the strategy aims to balance distribution potential with fundamental exposure to North American energy infrastructure demand. Competitively, the fund occupies a niche position. It is not trying to replicate a broad energy index; rather, it offers specialized active exposure to a segment that many large-cap equity portfolios underweight. Its differentiation lies in the manager’s long experience in the MLP and energy infrastructure space, the closed-end fund structure, and the ability to use leverage selectively. Listed on NYSE American in the United States, it provides an exchange-traded wrapper for investors seeking sector income and a more focused infrastructure thesis. Recent corporate and fund-level developments have centered on the 2023 policy and name update, which signaled a strategic pivot toward energy infrastructure more broadly. More recent fund communications indicate continued monthly distribution activity and ongoing management of leverage and portfolio exposures in a volatile energy market backdrop. For French, Belgian and Swiss investors, the key takeaway is that this is a U.S. income fund with a concentrated, specialist approach to energy infrastructure rather than a traditional integrated energy operating company.