Wolverine Asset Management LLC Makes New Investment in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Wolverine Asset Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 176,628 shares of the investment management company’s stock, valued at approximately $1,501,000.

Other large investors also recently bought and sold shares of the company. Monetary Management Group Inc. increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 335,107 shares of the investment management company’s stock valued at $2,922,000 after purchasing an additional 2,595 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 171,739 shares of the investment management company’s stock valued at $1,498,000 after purchasing an additional 2,690 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 88,711 shares of the investment management company’s stock valued at $754,000 after purchasing an additional 2,994 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.2% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 253,740 shares of the investment management company’s stock valued at $2,213,000 after purchasing an additional 3,092 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN:NML opened at $10.43 on Wednesday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52 week low of $7.89 and a 52 week high of $10.71. The company’s 50 day moving average is $10.12 and its two-hundred day moving average is $9.18.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.0701 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.