SCHEDULE 13G: Bank of America Discloses 5.6% Passive Stake in Neuberger Berman Energy Infrastructure & Income Fund

Bank of America Corporation has reported a 5.6% beneficial ownership stake in Neuberger Berman Energy Infrastructure & Income Fund Inc. as of December 31, 2024, held for ordinary course of business.

Summary

• Bank of America Corp /DE/ filed a Schedule 13G with the SEC, disclosing its beneficial ownership in Neuberger Berman Energy Infrastructure & Income Fund Inc.
• As of December 31, 2024, Bank of America beneficially owned 3,177,782 shares of the Common Stock of Neuberger Berman Energy Infrastructure & Income Fund Inc.
• This ownership represents 5.6% of the total class of securities.
• Bank of America holds shared voting power over 9,135 shares and shared dispositive power over all 3,177,782 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• The beneficial ownership is held through its wholly owned subsidiaries, Bank of America N.A. (a bank) and Merrill Lynch Pierce Fenner & Smith, Inc. (a broker-dealer).

Sentiment

Score: 6

Explanation: The disclosure of a significant passive stake by a major financial institution like Bank of America is generally viewed as a neutral to slightly positive signal, indicating institutional interest without implying active management or control changes.

Positives

• The disclosure of a significant beneficial ownership stake by a major financial institution like Bank of America Corporation indicates institutional interest in Neuberger Berman Energy Infrastructure & Income Fund Inc.

Negatives

• No specific negative information regarding the issuer's performance or outlook is contained within this beneficial ownership filing.

Risks

• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating concerns about an activist stake.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.

Management Comments

• Bank of America Corp /DE/ certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a standard disclosure of a significant passive investment by a major financial institution in a closed-end fund focused on energy infrastructure and income, a common practice for diversified institutional portfolios.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain performance metrics or financial results that would allow for direct comparison to industry standards or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, potentially influencing market perception and liquidity.
• Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.

Next Steps

• No specific future actions or milestones for the issuer are detailed in this beneficial ownership filing.

Key Dates

Recommendation

Keywords

Neuberger Berman Energy Infrastructure & Income Fund, Bank of America, Schedule 13G, beneficial ownership, common stock, institutional investment, energy infrastructure, income fund