NML News and Press, Neuberger Berman MLP Income Fund Inc. From 03/08/23

2023-03-08 08:00:00 ET Summary Ten energy infrastructure companies collectively spent over $1.4 billion on buybacks in 4Q22, bringing the total buyback spend for the year to approximately $4.5 billion. Over 76% of constituents in the Alerian Midstream Energy Index by weighting cur...

NEUBERGER BERMAN MLP AND ENERGY INCOME FUND ANNOUNCES NAME CHANGE AND AMENDED INVESTMENT POLICY PR Newswire NEW YORK , March 6, 2023 /PRNewswire/ -- Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) (the "Fund") has announced the approval ...

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary Generally, midstream companies are forecasting modest EBITDA growth in 2023 consistent with the stability of fee-based businesses. Some companies have provided positive long-term outlooks for EBITDA growth, which add important context to the strong dividend trends in midstream. ...

Summary Midstream/MLPs are using their free cash flow to increase their dividends and repurchase equity. On a year-over-year basis, there are more constituents in the broad Alerian Midstream Energy Index that have raised their payouts compared to last year than maintained. Importantly, ...

Summary 1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags. MLPs remain the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary The oil macro in 2023 will likely be heavily influenced by headlines related to Russian supply and Chinese demand as the country reopens. US production growth is expected to be modest, as companies practice capital discipline and grapple with service cost inflation. Traditio...

Summary Midstream/MLPs tend to outperform the broader market in years of high inflation, and though it has cooled from its mid-2022 peak, inflation is likely to remain elevated in 2023. Energy infrastructure companies largely provide services for fees under long-term contracts, which ty...

Summary After a record-setting 2022, energy sector earnings are likely to generally decline in 2023, though forecasts point to another strong year by historical standards. Even with a year-over-year earnings decline, energy companies can continue to execute on free cash flow generation ...

Summary Looking at total returns for 2022 compared to the -18.1% loss for the S&P 500, income-focused equity investments generally held up well, except for REITs. MLPs provided standout performance in 2022, gaining over 30% on a total-return basis. Now that bond benchmarks are y...