SCHEDULE: City of London Investment Management Holds 4.9% of Neuberger Berman Energy Fund

City of London Investment Management Company Limited reports beneficial ownership of 2,798,614 shares, representing 4.9% of the common stock in Neuberger Berman Energy Infrastructure & Income Fund Inc.

Summary

• City of London Investment Management Company Limited (CLIM) has filed a Schedule 13G, indicating its beneficial ownership of Neuberger Berman Energy Infrastructure & Income Fund Inc. common stock.
• CLIM, an investment adviser, holds 2,798,614 shares, which constitutes 4.9% of the total class of securities.
• These shares are held through various private investment funds (CARDINAL, FALCON, MACAW, PHOENIX) and segregated accounts managed by CLIM.
• CLIM exercises sole voting power and sole dispositive power over these shares.
• The filing is an amendment (Amendment No. 8) to a previous filing, with the date of the event requiring this filing being April 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports existing beneficial ownership and does not contain new financial performance data or strategic shifts that would strongly influence sentiment.

Positives

• CLIM's significant stake of 4.9% suggests a notable investment in the Neuberger Berman Energy Infrastructure & Income Fund Inc.
• The clear reporting of sole voting and dispositive power indicates straightforward control over the held shares.

Risks

• While not explicitly stated as a risk in this filing, a significant ownership stake by an investment manager could lead to potential influence over the issuer's strategic decisions, which may or may not align with other shareholders' interests.
• The filing is an amendment, suggesting ongoing changes in ownership or reporting, which could indicate underlying activity or adjustments in the market.

Future Outlook

This filing is a report of current beneficial ownership and does not contain forward-looking statements or guidance regarding the future performance of the issuer or the reporting person's investment strategy.

Management Comments

• CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940.
• CLIM is controlled by City of London Investment Group plc (CLIG), which is listed on the London Stock Exchange. However, effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG.
• CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including CARDINAL, FALCON, MACAW, PHOENIX, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by City of London Investment Management Company Limited indicates a significant institutional holding in the Neuberger Berman Energy Infrastructure & Income Fund Inc. Such filings are common for investment managers accumulating positions in publicly traded funds, particularly those focused on specific sectors like energy infrastructure.

Corporate Governance

Stakeholder Impact

• Shareholders of Neuberger Berman Energy Infrastructure & Income Fund Inc.: The significant stake held by CLIM may influence corporate actions or strategic direction, impacting shareholder value.
• CLIM's clients (City of London Funds and Segregated Accounts): The investment reflects CLIM's strategy for these funds, potentially impacting their performance.
• CLIG: While CLIM operates independently, CLIG's control over CLIM means it has an indirect interest in the performance of CLIM's managed assets.

Next Steps

• CLIM will continue to manage the investment in Neuberger Berman Energy Infrastructure & Income Fund Inc. according to its investment advisory services.
• CLIM will maintain its reporting obligations under SEC regulations for beneficial ownership changes.

Key Dates

Keywords

Schedule 13G, Neuberger Berman Energy Infrastructure & Income Fund Inc., City of London Investment Management Company Limited, Common Stock, Beneficial Ownership, Investment Adviser, SEC Filing, 4.9%, CLIM, CLIG