# EDGAR Filing Document

**Accession Number:** 0001562051
**File Stem:** 0000898432-25-000560
**Filing Date:** 2025-8
**Character Count:** 95403
**Document Hash:** ccf3e6e39956680ef1aa9c96f2c62680
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898432-25-000560.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0000898432-25-000560

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neuberger Berman Energy Infrastructure & Income Fund Inc.
- **CENTRAL INDEX KEY:** 0001562051

**ORGANIZATION NAME:**
- **EIN:** 462081430
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22770
- **FILM NUMBER:** 251194380

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** (212) 476-8800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Neuberger Berman MLP & Energy Income Fund Inc.
- **DATE OF NAME CHANGE:** 20190724

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Neuberger Berman MLP Income Fund Inc.
- **DATE OF NAME CHANGE:** 20121113

As filed with the Securities and Exchange Commission on August 7, 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

#### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF

#### REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22770

#### NEUBERGER BERMAN ENERGY INFRASTRUCTURE AND INCOME FUND INC.
(Exact Name of Registrant as specified in charter)

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, New York 10104-0002

(Address of Principal Executive Offices – Zip Code)

Joseph V. Amato

Chief Executive Officer and President

Neuberger Berman Energy Infrastructure and Income Fund Inc.

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas<br> New York, New York 10104-0002

Lori L. Schneider, Esq.

K&L Gates LLP

1601 K Street, N.W.

Washington, D.C. 20006-1600

(Names and Addresses of agents for service)

Registrant's telephone number, including area code: (212) 476-8800

Date of fiscal year end: November 30

Date of reporting period: May 31, 2025

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940, as amended (the "Act") (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

------

#### Item 1. Report to Stockholders.
&nbsp;&nbsp;&nbsp;&nbsp;(a) Following is a copy of the semi-annual report transmitted to stockholders pursuant to Rule 30e-1 under the Act.

[**Table of Contents**](#toc)

![](nbeiif4479561-ncsrs1x1x1.jpg)

Neuberger Berman<br> Energy Infrastructure and <br> Income Fund Inc.

Semi-Annual Report May 31, 2025

[**Table of Contents**](#toc)

---

| | |
|:---|:---|
| Contents |  |
| [**PRESIDENT'S LETTER**](#a_001) | [1](#a_001) |
| [**PORTFOLIO COMMENTARY**](#a_002) | [2](#a_002) |
| [**SCHEDULE OF INVESTMENTS**](#a_003) | [6](#a_003) |
| [**FINANCIAL STATEMENTS**](#a_004) | [8](#a_004) |
| [**NOTES TO FINANCIAL STATEMENTS**](#a_005) | [12](#a_005) |
| [**FINANCIAL HIGHLIGHTS**](#a_006) | [19](#a_006) |
| [**Distribution Reinvestment Plan**](#a_007) | [21](#a_007) |
| [**Directory**](#a_008) | [24](#a_008) |
| [**Proxy Voting Policies and Procedures**](#a_009) | [25](#a_009) |
| [**Quarterly Portfolio Schedule**](#a_010) | [25](#a_010) |

---

---

| | |
|:---|:---|
| **[Privacy Notice](#s_001)** | [Located after the Fund's Report](#s_001) |

---

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC.©2025 Neuberger Berman Investment Advisers LLC. All rights reserved.

[**Table of Contents**](#toc)

President's Letter

Dear Stockholder,

I am pleased to present the semi-annual report for Neuberger Berman Energy Infrastructure and Income Fund Inc. (the Fund) for the six-month period ended May 31, 2025 (the reporting period). The report includes a portfolio commentary, a listing of the Fund's investments, and its unaudited financial statements for the reporting period.

The Fund seeks to provide total return with an emphasis on cash distributions. The Fund remains committed to its investment strategy based on analysis of energy infrastructure companies, with an emphasis on the midstream natural resources sector.

As previously communicated, on January 29, 2025, the Fund announced an amendment to its revolving credit facility to increase the amount of available debt financing from $125 million to $150 million in order to bring it more in line with the Fund's current asset level.

Thank you for your confidence in the Fund. We will continue to do our best to retain your trust in the years to come.

Sincerely,

Joseph V. Amato

President and CEO<br> Neuberger Berman Energy Infrastructure and Income Fund Inc.

[**Table of Contents**](#toc)

Neuberger Berman Energy Infrastructure and Income Fund Inc.

Portfolio Commentary (Unaudited)

Neuberger Berman Energy Infrastructure and Income Fund Inc. (the Fund) produced a -4.63% total return on a net asset value (NAV) basis for the six months ended May 31, 2025 (the reporting period), underperforming its benchmark, the Alerian MLP Index (the Index), which posted a -3.12% total return for the same period. The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) negatively impacted performance during the reporting period. (Fund performance on a market price basis is provided in the table immediately following this commentary.)

The Energy sector of the S&P 500® Index performed well in 2024 and into the beginning of 2025. Profit-taking, however, particularly in April of 2025, resulted in negative returns for both the Fund and the Index for this reporting period.<br> The sector rebounded partially in May as investors once again saw opportunity in the sector due to what we view as ever-strengthening underlying fundamentals with attractive prices.

Expectations for artificial intelligence (AI) and data center growth, as well as higher natural gas exports from the United States, drove Master Limited Partnership (MLP) prices significantly higher last year, with companies that are likely to benefit from these trends seeing the highest returns. These returns have decoupled from commodity prices and other energy stocks as the midstream sub-sector has become valued for its ability to take advantage of these macro-trends.

In addition to data center growth, domestic energy production and increasing exports have been at the forefront of the new administration's policy initiatives and have driven returns higher. In addition to removing the "Biden Pause" on licensing and approving new liquefied natural gas (LNG) export projects, the Trump administration has pressured Europe and Asia to buy more U.S. LNG. The U.S. Energy Information Administration (EIA) forecasts that LNG exports could reach 21 bcf/d by the year 2030. To put that into context, according to the EIA, the U.S. produced an average of 113 bcf/d of natural gas in total in 2024. The U.S. is already the top supplier of gas to Europe and demand from Asia for U.S. LNG exports is expected to continue rising as countries like China and India move away from burning traditional fossil fuels like coal.

Earnings results have been strong across our midstream holdings, with some announcing significant dividend increases. During the depths of the COVID-19 pandemic in 2020 and corresponding depressed equity values, many midstream companies reset dividends, resulting in significantly reduced debt and strong balance sheets. Even with the recent increases, dividend payout ratios remain well below pre-2020 levels and we believe that these companies are<br> well-positioned for continued dividend growth.

While our midstream holdings have performed well, our utility holdings have underperformed over the past couple of years. Rising interest rates, along with company-specific factors, weighed on share prices. Although the need for additional power and ongoing upgrades to the nation's electricity grid present opportunities for select companies, higher financing costs and uncertainty surrounding local regulations have led us to reduce our allocation to this sector.

We maintain a positive outlook for the Energy sector. In our view, the combination of strong demand drivers, including the growth in AI and data centers, increasing LNG exports, and expanding domestic energy production, as well as strong balance sheets and dividend growth, are likely to support both income and share price growth. While broader market volatility persists due to tariff concerns and potential recession risks, the midstream sector has demonstrated a resilience that we believe is sustainable.

Sincerely,

Douglas Rachlin<br> Lead Portfolio Manager

Paolo Frattaroli<br> Portfolio Manager

[**Table of Contents**](#toc)

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The value of securities owned by the Fund, as well as the market value of shares of the Fund's common stock, may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; conditions affecting the general economy; overall market changes; local, regional, national or global political, social or economic instability; regulatory or legislative developments; price, currency and interest rate fluctuations, including those resulting from changes in central bank policies; and changes in investor sentiment.

[**Table of Contents**](#toc)

Energy Infrastructure and Income Fund Inc. (Unaudited)

---

| | |
|:---|:---|
| **TICKER SYMBOL** | **TICKER SYMBOL** |
| Energy Infrastructure and Income Fund Inc. | NML |

---

---

| | |
|:---|:---|
| **PORTFOLIO BY INVESTMENT TYPE** | **PORTFOLIO BY INVESTMENT TYPE** |
| **(as a % of Total Investments\*)** | **(as a % of Total Investments\*)** |
| Common Stocks | 67.5% |
| Master Limited Partnerships<br> and Limited Partnerships | 32.4 |
| Short-Term Investments | 0.1 |
| Total | 100.0% |

---

\* Does not include the impact of the Fund's open positions in derivatives, if any.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PERFORMANCE HIGHLIGHTS** | **PERFORMANCE HIGHLIGHTS** | **PERFORMANCE HIGHLIGHTS** | **PERFORMANCE HIGHLIGHTS** | **PERFORMANCE HIGHLIGHTS** | **PERFORMANCE HIGHLIGHTS** |  |
|  |  |  | **Average Annual Total<br> Return Ended 5/31/2025** | **Average Annual Total<br> Return Ended 5/31/2025** | **Average Annual Total<br> Return Ended 5/31/2025** | **Average Annual Total<br> Return Ended 5/31/2025** |
|  | **Inception Date\*** | **Six Month<br> Period<br> Ended<br> 05/31/2025** | **1 Year** | **5 Years** | **10 Years** | **Life of<br> Fund** |
| **At NAV<sup>1</sup>** |  |  |  |  |  |  |
| Energy Infrastructure and Income Fund Inc. | 03/25/2013 | -4.63% | 16.62% | 27.96% | 0.95% | 1.89% |
| **At Market Price<sup>2</sup>** |  |  |  |  |  |  |
| Energy Infrastructure and Income Fund Inc. | 03/25/2013 | -6.00% | 19.57% | 30.83% | 0.59% | 0.64% |
| **Index** |  |  |  |  |  |  |
| Alerian MLP Index<sup>3</sup> |  | -3.12% | 15.24% | 25.25% | 4.43% | 4.42% |

---

\* Date of initial public offering. The Fund commenced operations on March 28, 2013.

Listed closed-end funds, unlike open-end funds, are not continually offered. Generally, there is an initial public offering and, once issued, shares of common stock of closed-end funds are sold in the secondary market on a stock exchange.

**The performance data quoted represent past performance and do not indicate future results. Current performance may be lower or higher than the performance data quoted. For current performance data, please visit www.nb.com/cef-performance.**

**The results shown in the table reflect the reinvestment of income dividends and other distributions, if any.** The results do not reflect the effect of taxes a stockholder would pay on Fund distributions or on the sale of shares of the Fund's common stock.

**The investment return and market price will fluctuate and shares of the Fund's common stock may trade at prices above or below NAV. Shares of the Fund's common stock, when sold, may be worth more or less than their original cost.**

[**Table of Contents**](#toc)

Energy Infrastructure and Income Fund Inc. (Unaudited) (cont'd)

Endnotes

---

| | |
|:---|:---|
| **1** | Returns based on the NAV of the Fund. |

---

---

| | |
|:---|:---|
| **2** | Returns based on the market price of shares of the Fund's common stock on the NYSE American. |

---

---

| | |
|:---|:---|
| **3** | The Alerian MLP Index is a capped, float-adjusted, market capitalization-weighted index that measures the performance of energy infrastructure Master Limited Partnerships (MLPs). The index's constituents are publicly traded partnerships or LLCs who earn the majority of their cash flows from qualified activities involving energy commodities. The maximum constituent weight is capped at 10% at each quarterly rebalancing. Effective after market close on December 21, 2018, index constituents were required to have a minimum market cap of $75 million. Prior to this date, the index also included other non-infrastructure energy MLPs. Please note that the index does not take into account any fees and expenses or any tax consequences of investing in the individual securities that it tracks and that individuals cannot invest directly in any index. Data about the performance of this index are prepared or obtained by NBIA and include reinvestment of all income dividends and other distributions, if any. The Fund invests in securities not included in the above described index and generally does not invest in all securities included in the described index. |

---

For more complete information on Neuberger Berman Energy Infrastructure and Income Fund Inc., call Neuberger Berman Investment Advisers LLC (NBIA) at (877) 461-1899, or visit our website at www.nb.com.

[**Table of Contents**](#toc)

Schedule of Investments Energy Infrastructure and Income Fund Inc.<sup>^</sup> (Unaudited) May 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **NUMBER OF SHARES** | **NUMBER OF SHARES** | **VALUE** |  |
| **Common Stocks 87.9%** | **Common Stocks 87.9%** |  |  |
| **Capital Markets 1.5%** | **Capital Markets 1.5%** |  |  |
| 27000 | CME Group, Inc. | $**7803000** | (a) |
| **Chemicals 0.7%** | **Chemicals 0.7%** |  |  |
| 7500 | Linde PLC | **3506850** | (a) |
| **Energy, Equipment & Services 4.0%** | **Energy, Equipment & Services 4.0%** |  |  |
| 316000 | Noble Corp. PLC | 7827320 | (a) |
| 350000 | Tidewater, Inc. | 13898500 | (a)\* |
|  |  | **21725820** |  |
| **Independent Power and Renewable Electricity Producers 4.0%** | **Independent Power and Renewable Electricity Producers 4.0%** |  |  |
| 700000 | Clearway Energy, Inc. Class C | **21539000** | (a) |
| **Oil, Gas & Consumable Fuels 77.7%** | **Oil, Gas & Consumable Fuels 77.7%** |  |  |
| 960000 | Antero Midstream Corp. | 18028800 | (a) |
| 1200000 | Antero Resources Corp. | 44940000 | (a)\* |
| 210000 | California Resources Corp. | 9275700 | (a) |
| 160000 | Cheniere Energy, Inc. | 37918400 | (a) |
| 100000 | Chevron Corp. | 13670000 | (a) |
| 244000 | ConocoPhillips | 20825400 | (a) |
| 614000 | DT Midstream, Inc. | 64310360 | (a) |
| 275000 | EQT Corp. | 15160750 | (a) |
| 250000 | Excelerate Energy, Inc. | 7032500 | (a) |
| 70000 | Expand Energy Corp. Class A | 8129100 | (a) |
| 136000 | Exxon Mobil Corp. | 13912800 | (a) |
| 344000 | Kinetik Holdings, Inc. | 15321760 | (a) |
| 360000 | Occidental Petroleum Corp. | 14680800 | (a) |
| 436000 | Targa Resources Corp. | 68857480 | (a) |
| 300000 | Tourmaline Oil Corp. | 13527161 |  |
| 850000 | Williams Cos., Inc. | 51433500 | (a) |
|  |  | **417024511** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Common Stocks (Cost $318,991,729)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Common Stocks (Cost $318,991,729)** | **471599181** |  |
| **NUMBER OF UNITS** | **NUMBER OF UNITS** |  |  |
| **Master Limited Partnerships and Limited Partnerships 42.3%** | **Master Limited Partnerships and Limited Partnerships 42.3%** |  |  |
| **Independent Power and Renewable Electricity Producers 0.9%** | **Independent Power and Renewable Electricity Producers 0.9%** |  |  |
| 200000 | Brookfield Renewable Partners LP | **4766000** | (a) |
| **Oil, Gas & Consumable Fuels 41.4%** | **Oil, Gas & Consumable Fuels 41.4%** |  |  |
| 4160000 | Energy Transfer LP | 72716800 | (a) |
| 1980000 | Enterprise Products Partners LP | 61023600 | (a) |
| 436000 | MPLX LP | 22236000 | (a) |
| 420000 | Sunoco LP | 22654800 | (a) |
| 1160000 | Western Midstream Partners LP | 43384000 | (a) |
|  |  | **222015200** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Master Limited Partnerships and Limited Partnerships (Cost $118,233,613)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Master Limited Partnerships and Limited Partnerships (Cost $118,233,613)** | **226781200** |  |

---

See Notes to Financial Statements 6

[**Table of Contents**](#toc)

Schedule of Investments Energy Infrastructure and Income Fund Inc.<sup>^</sup> (Unaudited) May 31, 2025 (cont'd)

---

| | |
|:---|:---|
| **NUMBER OF SHARES** | **VALUE** |
| **Short-Term Investments 0.2%** |  |
| **Investment Companies 0.2%** |  |
| 923307 First American Treasury Obligations Fund, 4.23%<sup>(b)</sup> **(Cost $923,307)** | $**923307** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investments 130.4% (Cost $438,148,649)** | **699303688** |
| &nbsp;&nbsp;&nbsp;&nbsp;Liabilities less other Assets (30.4)% | (162887435) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Assets Applicable to Common Stockholders 100.0%** | $**536416253** |

---

\* Non-income producing security.

(a) All or a portion of this security is pledged with the custodian in connection with the Fund's loans payable outstanding.

(b) Represents 7-day effective yield as of May 31, 2025.

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** |  |  |  |  |
| Investments: | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks<sup>(a)</sup> | $471599181 | $— | $— | $471599181 |
| Master Limited Partnerships and Limited Partnerships<sup>(a)</sup> | 226781200 |  |  | 226781200 |
| Short-Term Investments |  | 923307 |  | 923307 |
| **Total Investments** | $**698380381** | $**923307** | $**—** | $**699303688** |

---

(a) The Schedule of Investments provides information on the industry or sector categorization.

---

| | |
|:---|:---|
| ^ | A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1. |

---

See Notes to Financial Statements 7

[**Table of Contents**](#toc)

Statement of Assets and Liabilities (Unaudited)

---

| | |
|:---|:---|
| **Neuberger Berman** | |
|  |<br>**ENERGY<br> INFRASTRUCTURE<br> AND INCOME<br> FUND INC.** |
|  | **May 31, 2025** |
| **Assets** | |
| Investments in securities, at value\* (Note A)—see Schedule of Investments: |  |
| Unaffiliated issuers<sup>(a)</sup> | $699303688 |
| Dividends and interest receivable | 739417 |
| Prepaid expenses and other assets | 10689 |
| Total Assets | 700053794 |
| **Liabilities** |  |
| Loans payable (Note A) | 126000000 |
| Deferred tax liability—net (Note A) | 36529515 |
| Distributions payable—common stock | 65833 |
| Payable to investment manager (Note B) | 421235 |
| Payable to administrator (Note B) | 140412 |
| Payable to directors | 8487 |
| Interest payable (Note A) | 37100 |
| Other accrued expenses and payables | 434959 |
| Total Liabilities | 163637541 |
| Net Assets applicable to Common Stockholders | $536416253 |
| **Net Assets applicable to Common Stockholders consist of:** |  |
| Paid-in capital—common stock | $732043424 |
| Total distributable earnings/(losses) | (195627171) |
| Net Assets applicable to Common Stockholders | $536416253 |
| **Shares of Common Stock Outstanding ($0.0001 par value; 1,000,000,000 shares authorized)** | 56658928 |
| **Net Asset Value Per Share of Common Stock Outstanding** | $9.47 |
| **\* Cost of Investments:** |  |
| <sup>(a)</sup> Unaffiliated issuers | $438148649 |

---

See Notes to Financial Statements 8

[**Table of Contents**](#toc)

Statement of Operations (Unaudited)

---

| | |
|:---|:---|
| **Neuberger Berman** | |
|  |<br>**ENERGY <br> INFRASTRUCTURE<br> AND INCOME <br> FUND INC.** |
|  | **For the<br> Six Month Ended<br> May 31, 2025** |
| **Investment Income:** |  |
| Income (Note A): |  |
| Dividend income—unaffiliated issuers | $15864485 |
| Return of capital on dividends from master limited partnerships and related companies | (5011698) |
| Net dividend income—unaffiliated issuers | 10852787 |
| Foreign taxes withheld | (137133) |
| Interest income—unaffiliated issuers | 65797 |
| Total income | $10781451 |
| **Expenses:** |  |
| Investment management fees (Note B) | 2516244 |
| Administration fees (Note B) | 838748 |
| Audit fees | 84489 |
| Custodian and accounting fees | 174688 |
| Insurance | 7708 |
| Legal fees | 84752 |
| Stock exchange listing fees | 8241 |
| Stockholder reports | 29190 |
| Stock transfer agent fees | 8094 |
| Interest (Note A) | 3288583 |
| Directors' fees and expenses | 28845 |
| Miscellaneous and other fees | 3683 |
| Total expenses | 7073265 |
| Net investment income/(loss), before income taxes | 3708186 |
| Deferred tax benefit/(expense) | (2646639) |
| Net investment income/(loss) | $1061547 |
| **Realized and Unrealized Gain/(Loss) on Investments (Note A):** |  |
| **Net realized gain/(loss) on:** |  |
| Transactions in investment securities of unaffiliated issuers | 30913077 |
| Settlement of foreign currency transactions | (74337) |
| Deferred tax benefit/(expense) | (4049482) |
| **Change in net unrealized appreciation/(depreciation) in value of:** |  |
| Investment securities of unaffiliated issuers | (79632342) |
| Foreign currency translations |  |
| Deferred tax benefit/(expense), net of valuation allowance | 22516502 |
| Net gain/(loss) on investments | (30326582) |
| Net increase/(decrease) in net assets applicable to Common Stockholders resulting from operations | $(29265035) |

---

See Notes to Financial Statements 9

[**Table of Contents**](#toc)

Statements of Changes in Net Assets

---

| | | |
|:---|:---|:---|
| **Neuberger Berman** | | |
|  | **Energy Infrastructure and Income<br> Fund Inc.** | **Energy Infrastructure and Income<br> Fund Inc.** |
|  | **Six Months Ended<br> May 31, 2025 <br> (Unaudited)** | **Fiscal Year Ended<br> November 30, 2024** |
| **Increase/(Decrease) in Net Assets Applicable to Common Stockholders:** |  |  |
| **From Operations (Note A):** |  |  |
| Net investment income/(loss) | $1061547 | $1051726 |
| Net realized gain/(loss) on investments | 26789258 | 58396851 |
| Change in net unrealized appreciation/(depreciation) of investments | (57115840) | 111463273 |
| Net increase/(decrease) in net assets applicable to Common Stockholders resulting from operations | (29265035) | 170911850 |
| **Distributions to Common Stockholders From (Note A):** |  |  |
| Distributable earnings | (19853288) | (39706576) |
| Tax return of capital |  |  |
| Total distributions to Common Stockholders | (19853288) | (39706576) |
| **Net Increase/(Decrease) in Net Assets Applicable to Common Stockholders** | (49118323) | 131205274 |
| **Net Assets Applicable to Common Stockholders:** |  |  |
| Beginning of period | 585534576 | 454329302 |
| End of period | $536416253 | $585534576 |

---

See Notes to Financial Statements 10

[**Table of Contents**](#toc)

Statement of Cash Flows (Unaudited)

---

| | |
|:---|:---|
| **Neuberger Berman** | |
|  |<br>**Energy Infrastructure and Income<br> Fund Inc.** |
|  | **For the<br> Six Month Ended<br> May 31, 2025** |
| **Increase/(Decrease) in cash:** |  |
| **Cash flows from operating activities:** |  |
| Net decrease in net assets applicable to Common Stockholders resulting from operations | $(29265035) |
| Adjustments to reconcile net decrease in net assets applicable to Common Stockholders resulting from operations to net cash used in operating activities: |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;Purchase of investment securities | (164027557) |
| &nbsp;&nbsp;&nbsp;Proceeds from disposition of investment securities | 153677551 |
| &nbsp;&nbsp;&nbsp;Purchase/sale of short-term investment securities, net | 631039 |
| &nbsp;&nbsp;&nbsp;Increase in dividends and interest receivable | (88104) |
| &nbsp;&nbsp;&nbsp;Increase in prepaid expenses and other assets | (4299) |
| &nbsp;&nbsp;&nbsp;Decrease in deferred tax liability, net | (15820381) |
| &nbsp;&nbsp;&nbsp;Increase in payable to investment manager | 8754 |
| &nbsp;&nbsp;&nbsp;Increase in payable to administrator | 2918 |
| &nbsp;&nbsp;&nbsp;Decrease in payable to directors | (2591) |
| &nbsp;&nbsp;&nbsp;Increase in interest payable | 2801 |
| &nbsp;&nbsp;&nbsp;Decrease in other accrued expenses and payables | (135048) |
| &nbsp;&nbsp;&nbsp;Return of capital on dividends | 5011698 |
| &nbsp;&nbsp;&nbsp;Unrealized depreciation on investment securities of unaffiliated issuers | 79632342 |
| &nbsp;&nbsp;&nbsp;Net realized loss from settlement of foreign currency transactions | 74337 |
| &nbsp;&nbsp;&nbsp;Net realized gain from transactions in investment securities of unaffiliated issuers | (30913077) |
| **Net cash provided by/(used in) operating activities** | $(1214652) |
| **Cash flows from financing activities:** |  |
| &nbsp;&nbsp;&nbsp;Cash distributions paid on common stock | (19846186) |
| &nbsp;&nbsp;&nbsp;Cash receipt from loan borrowings | 19000000 |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash | (74337) |
| **Net cash provided by/(used in) financing activities** | $(920523) |
| Net increase/(decrease) in cash | (2135175) |
| **Cash:** |  |
| &nbsp;&nbsp;&nbsp;Cash, foreign currency and restricted cash, if any, at beginning of period | 2135175 |
| &nbsp;&nbsp;&nbsp;Cash, foreign currency and restricted cash, if any, at end of period | $— |
| **Supplemental disclosure:** |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $3285782 |

---

See Notes to Financial Statements 11

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Notes to Financial Statements Energy Infrastructure and Income Fund Inc. (Unaudited)

Note A – Summary of Significant Accounting Policies:

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| | |
|:---|:---|
| **1** | **General:** Neuberger Berman Energy Infrastructure and Income Fund Inc. (the "Fund") was organized as a Maryland corporation on November 16, 2012 as a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund's Board of Directors (the "Board") may classify or re-classify any unissued shares of capital stock into one or more classes of preferred stock without the approval of stockholders. |

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A balance indicated with a "—", reflects either a zero balance or a balance that rounds to less than 1.

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 "Financial Services – Investment Companies."

The preparation of financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") requires Neuberger Berman Investment Advisers LLC ("Management" or "NBIA") to make estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates.

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| | |
|:---|:---|
| **2** | **Portfolio valuation:** In accordance with ASC 820 "Fair Value Measurement" ("ASC 820"), all investments held by the Fund are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820. |

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ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit
risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Fund's investments in equity securities, master limited partnerships and limited partnerships, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

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The value of the Fund's investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time, on days the New York Stock Exchange ("NYSE") is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that the Fund could expect to receive for those securities or when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). In the absence of precise information about the market values of these foreign securities as of the time at which the Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices the Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value ("NAV") per share (Level 2 inputs), when available.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the 1940 Act, the Fund's Board designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

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| | |
|:---|:---|
| **3** | **Securities transactions and investment income:** Securities transactions are recorded on trade date for financial reporting purposes. Dividend and distribution income is recorded on the ex-dividend date. Distributions received from the Fund's investments in master limited partnerships or limited liability companies that have economic characteristics substantially similar to master limited partnerships (collectively, "MLPs") generally are comprised of ordinary income and return of capital from the MLPs. The Fund allocates distributions between income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on information provided by each MLP and other industry sources. These estimates may subsequently be revised based on actual allocations received from MLPs after their tax reporting periods are concluded, as the actual character of these distributions is not known until after the fiscal year end of the Fund. For the six months ended May 31, 2025, the Fund estimated the allocation of investment income and return of capital for the distributions received from MLPs within the Statement of Operations to be approximately 68.4% as income and approximately 31.6% as return of capital. |

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Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, including accretion of discount (adjusted for original issue discount, where applicable), if any, is recorded on the accrual basis. Realized gains and losses from securities transactions are recorded on the basis of identified cost and stated separately in the Statement of Operations.

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| | |
|:---|:---|
| **4** | **Foreign currency translations:** The accounting records of the Fund are maintained in U.S. dollars. Foreign currency amounts are normally translated into U.S. dollars using the exchange rate as of 4:00 p.m. Eastern Time, on days the NYSE is open for business, to determine the value of investments, other assets and liabilities. Purchase and sale prices of securities, and income and expenses, are translated into U.S. dollars at the prevailing rate of exchange on the respective dates of such transactions. Net unrealized foreign currency gain/(loss), if any, arises from changes in the value of assets and liabilities, other than investments in securities, as a result of changes in exchange rates and is stated separately in the Statement of Operations. |

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| | |
|:---|:---|
| **5** | **Income tax information:** The Fund, as a corporation, is obligated to pay federal and state income tax on its taxable income. Currently, the highest regular marginal federal income tax rate for a corporation is 21%. |

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For federal income tax purposes, the estimated cost of investments held at May 31, 2025 was $349,756,302. The estimated gross unrealized appreciation was $364,964,842 and estimated gross unrealized depreciation was $15,417,456 resulting in net unrealized appreciation in value of investments of $349,547,386 based on cost for U.S. federal income tax purposes.

The Fund may invest a significant portion of its assets in MLPs. MLPs generally are treated as partnerships for federal income tax purposes. As a limited partner in the MLPs, the Fund reports its allocable share of the MLP's taxable income or loss in computing its own taxable income or loss. The Fund's income tax expense or benefit is included in the Statement of Operations based on the component of income or gains (losses) to which such expense or benefit relates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized.

Components of the Fund's deferred tax assets and liabilities as of May 31, 2025, are as follows:

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| | |
|:---|:---|
| **Deferred tax assets:** |  |
| &nbsp;&nbsp;&nbsp;Net operating loss carryforwards | $42837664 |
| &nbsp;&nbsp;&nbsp;Capital loss carryforwards |  |
| **Total deferred tax asset, before valuation allowance** | **42837664** |
| &nbsp;&nbsp;&nbsp;Valuation allowance |  |
| **Net deferred tax asset, after valuation allowance** | **42837664** |
| **Deferred tax liabilities:** |  |
| &nbsp;&nbsp;&nbsp;Unrealized gains on investment securities | 79367179 |
| **Total net deferred tax liability** | $**(36529515)** |

---

At May 31, 2025, a valuation allowance was not deemed necessary because Management believed that it is more likely than not that the Fund would be able to recognize its deferred tax assets through future taxable income. The Fund will continue to monitor all available evidence and continue to review and assess the need for a valuation allowance in the future. The impact of any adjustments to the Fund's estimates of future taxable income will be made in the same period that such determination is made. The Fund recognizes the tax benefits of uncertain tax positions only when the position is "more likely than not" to be sustained upon examination by the tax authorities based on the technical merits of the tax position. The Fund's policy is to record interest and penalties on uncertain tax positions as part of tax expense. As of May 31, 2025, the Fund had no uncertain tax positions.

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Total income tax benefit differs from the amount computed by applying the federal statutory income tax rate of 21% to net investment loss, net realized gains, and net unrealized loss on investments for the six months ended May 31, 2025, as follows:

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| | |
|:---|:---|
| Application of statutory income tax rate | $(9468169) |
| State income tax benefit, net of federal tax benefit | (699112) |
| Dividends Received Deduction, and other, net | (5653100) |
| Valuation allowance |  |
| Total income tax (benefit)/expense | $(15820381) |

---

Total income taxes are computed by applying the federal statutory rate plus a blended state income tax rate.

Net operating loss carryforwards are available to offset future taxable income. The Fund has the following net operating loss carryforward amounts:

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| | | |
|:---|:---|:---|
| **Fiscal Year Ended** | **Net Operating Loss <br> Carryforwards** | **Expiration** |
| November 30, 2014 | $47534627 | &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2034 |
| November 30, 2016 | 35502250 | &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2036 |
| November 30, 2017 | 39290305 | &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2037 |
| November 30, 2018 | 28172155 | &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2038 |
| November 30, 2019 | 17466579 | &nbsp;&nbsp;&nbsp;&nbsp;Not Applicable |
| November 30, 2021 | 15326982 | &nbsp;&nbsp;&nbsp;&nbsp;Not Applicable |
| November 30, 2022 | 5110529 | &nbsp;&nbsp;&nbsp;&nbsp;Not Applicable |
|  | $**188403427** |  |

---

For the six months ended May 31, 2025, the Fund utilized capital loss carryforwards of $13,518,792. The Fund has no capital loss carryforwards available to offset future taxable income.

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|:---|:---|
| **6** | **Distributions to common stockholders:** The Fund has adopted a policy to pay common stockholders a stable monthly distribution. The Fund currently intends to pay distributions out of its distributable cash flow, which generally consists of cash and paid-in-kind distributions from MLPs or their affiliates, dividends from common stocks, interest from debt instruments and income from other investments held by the Fund less current or accrued operating expenses of the Fund, including taxes on Fund taxable income and leverage costs. Distributions to common stockholders relating to in-kind dividends or distributions received by the Fund on its investments will be paid in cash or additional shares of common stock. There is no assurance that the Fund will always be able to pay distributions of a particular size. The composition of the Fund's distributions for the calendar year 2025 will be reported to Fund stockholders on IRS Form 1099-DIV. Distributions to common stockholders are recorded on the ex-date. |

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The Fund may invest a significant portion of its assets in MLPs. The distributions the Fund receives from MLPs are generally composed of income and/or return of capital, but the MLPs do not report this information to the Fund until the following calendar year. At May 31, 2025, the Fund estimated these amounts for the period January 1, 2025 to May 31, 2025 within the financial statements because the 2025 information is not available from the MLPs until after the Fund's fiscal year-end. All estimates are based on MLP information sources available to the Fund together with the actual IRS Forms 1099-DIV received to date. For the six months ended May 31, 2025, the character of distributions paid to stockholders disclosed within the Statement of Changes in Net Assets is based on estimates made at that time. All estimates are based upon MLP information sources available to the Fund. Based on past experience with MLPs, it is likely that a portion of the Fund's distributions during the current year will be considered tax return of capital, but the actual amount of the tax return of capital, if any, is not determinable until after the Fund's fiscal year-end. After calendar year-end, the Fund learns the nature of the distributions paid by MLPs during the previous year. After all applicable MLPs have informed the Fund of the actual breakdown of distributions paid to the Fund during its year, estimates previously recorded are adjusted on the books of the Fund to reflect actual results. As a result, the composition of the Fund's distributions as reported herein may differ from the final composition determined after year-end and reported to Fund stockholders on IRS Form 1099-DIV.

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On May 30, 2025, the Fund declared a monthly distribution to common stockholders in the amount of $0.0584 per share, payable on June 30, 2025, to common stockholders of record on June 16, 2025, with an ex-date of June 16, 2025. Subsequent to May 31, 2025, the Fund declared a monthly distribution on June 30, 2025, to common stockholders in the amount of $0.0584 per share, payable on July 31, 2025, to common stockholders of record on July 15, 2025, with an ex-date of July 15, 2025.

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| | |
|:---|:---|
| **7** | **Expense allocation:** Certain expenses are applicable to multiple funds within the complex of related investment companies. Expenses directly attributable to the Fund are charged to the Fund. Expenses borne by the complex of related investment companies, which includes open-end and closed-end investment companies for which NBIA serves as investment manager, that are not directly attributable to a particular investment company (e.g., the Fund) are allocated among the Fund and the other investment companies or series thereof in the complex on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the investment companies or series thereof in the complex can otherwise be made fairly. |

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|:---|:---|
| **8** | **Financial leverage:** In April 2015, the Fund entered into a $500 million secured, committed, margin facility with Société Générale, consisting of $300 million in committed floating-rate debt financing and $200 million in committed fixed-rate debt financing (the "Facility"). Through a series of amendments, the Fund has decreased and then increased the size of its Facility to keep it in line with its then current asset level, and has removed the committed fixed-rate debt financing from the Facility. The Fund has also amended certain terms, including the commitment fees and interest components, and extended the duration of the Facility. |

---

As previously disclosed, on January 29, 2025, the Fund entered into an amendment to the credit agreement underlying the Facility, which increased the lender's total commitment from $125 million to $150 million. The Fund currently has access to committed financing of up to $150 million in floating-rate revolving loans due August 3, 2026. Under the Facility, interest is charged on floating-rate loans based on an adjusted Daily Simple SOFR rate and is payable on the last day of each interest period.

The Fund is required to pay a commitment fee under the Facility if the level of debt outstanding falls below a certain percentage. The commitment fee, if any, is included in the Interest expense line item that is reflected in the Statement of Operations. During the six months ended May 31, 2025, the Fund was not required to pay this commitment fee. Under the terms of the Facility, the Fund is also required to satisfy certain collateral requirements and maintain a certain level of net assets.

For the six months ended May 31, 2025, the average principal balance outstanding and average annualized interest rate under the Facility were approximately $122.5 million and 5.31%, respectively. At May 31, 2025, the principal balance outstanding under the Facility was $126.0 million.

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| | |
|:---|:---|
| **9** | **Concentration of risk:** Under normal market conditions, the Fund invests in energy infrastructure companies, many of which operate in the natural resources industry. The natural resources industry includes companies involved in: exploration and production, refining and marketing, mining, oilfield service, drilling, integrated natural gas midstream services, transportation and storage, shipping, electricity generation, distribution, development, gathering, processing and renewable resources. The focus of the Fund's portfolio on a specific group of largely interrelated sectors may present more risks than if its portfolio were broadly diversified over numerous industries and sectors of the economy. A downturn in the natural resources industry would have a larger impact on the Fund than on an investment company that does not concentrate in such industry. |

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|:---|:---|
| **10** | **Indemnifications:** Like many other companies, the Fund's organizational documents provide that its officers ("Officers") and directors ("Directors") are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In addition, both in some of its principal service contracts and in the normal course of its |

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business, the Fund enters into contracts that provide indemnifications to other parties for certain types of losses or liabilities. The Fund's maximum exposure under these arrangements is unknown as this could involve future claims against the Fund.

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| | |
|:---|:---|
| **11** | **Segment reporting:** The Fund has adopted FASB Accounting Standards Update No. 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). Adoption of the standard impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the entity's chief operating decision maker ("CODM") in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. The Fund's investment manager acts as the Fund's CODM. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and evaluates performance in accordance with the Fund's principal investment strategies disclosed in its prospectus and/or annual report. The CODM uses these measures to assess Fund performance and allocate resources effectively. The Fund's total returns, expense ratios, and changes in net assets which among others are used by the CODM to assess Fund performance and to make resource allocation decisions for the Fund's single segment are consistent with that presented within the Fund's financial statements. |

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Note B – Investment Management Fees, Administration Fees, and Other Transactions with Affiliates:

The Fund retains NBIA as its investment manager under a Management Agreement. For such investment management services, the Fund pays NBIA an investment management fee at an annual rate of 0.75% of the Fund's average weekly Managed Assets. Managed Assets equal the total assets of the Fund, less liabilities other than the aggregate indebtedness entered into for purposes of leverage.

The Fund retains NBIA as its administrator under an Administration Agreement. The Fund pays NBIA an administration fee at an annual rate of 0.25% of its average weekly Managed Assets under this agreement. Additionally, NBIA retains U.S. Bancorp Fund Services, LLC, d/b/a U.S. Bank Global Fund Services ("Fund Services") as its sub-administrator under a Sub-Administration Agreement. NBIA pays Fund Services a fee for all services received under the Sub-Administration Agreement.

Note C – Securities Transactions:

During the six months ended May 31, 2025, there were purchase and sale transactions of long-term securities of $164,027,557 and $153,677,551, respectively.

During the six months ended May 31, 2025, no brokerage commissions on securities transactions were paid to affiliated brokers.

Note D – Recent Accounting Pronouncements:

In December 2023, FASB issued Accounting Standards Update No. 2023-09, "Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 clarifies the guidance in ASC 740 "Income Taxes" to enhance the transparency and decision-usefulness of income tax disclosures, particularly in the rate reconciliation table and disclosures about income taxes paid. The amendments are intended to address investors' requests for income tax disclosures that provide more information to help them better understand an entity's exposure to potential changes

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in tax laws and the ensuing risks and opportunities and to assess income tax information that affects cash flow forecasts and capital allocation decisions. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, with the option for early adoption. Management is currently evaluating the impact, if any, of applying ASU 2023-09.

Note E – Unaudited Financial Information:

The financial information included in this interim report is taken from the records of the Fund without audit by an independent registered public accounting firm. Annual reports contain audited financial statements.

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Financial Highlights

Energy Infrastructure and Income Fund Inc.

The following table includes selected data for a share of common stock outstanding throughout each fiscal period and other performance information derived from the Financial Statements. Amounts that do not round to $0.01 or $(0.01) per share are presented as $0.00 or $(0.00), respectively. Ratios that do not round to 0.01% or (0.01)% are presented as 0.00% or (0.00)%, respectively. A "—" indicates that the line item was not applicable in the corresponding fiscal period.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months<br> Ended<br> May 31, 2025** | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** |
|  | **(Unaudited)** | **2024** | **2023** | **2022** | **2021** | **2020** |
| **Common Stock Net Asset Value, Beginning of Period** | $10.33 | $8.02 | $8.73 | $6.32 | $4.27 | $7.23 |
| **Income/(Loss) From Investment Operations Applicable to Common Stockholders:** |  |  |  |  |  |  |
| Net Investment Income/(Loss)<sup>¢</sup> | 0.02 | 0.02 | (0.07) | (0.02) | (0.05) | (0.07) |
| Net Gains/(Losses) on Securities (both realized and unrealized) | (0.53) | 2.99 | 0.06 | 2.67 | 2.28 | (2.57) |
| **Total From Investment Operations Applicable to Common Stockholders** | (0.51) | 3.01 | (0.01) | 2.65 | 2.23 | (2.64) |
| **Less Distributions to Common Stockholders From:** |  |  |  |  |  |  |
| Net Investment Income | (0.35) | (0.70) | (0.65) | (0.22) |  |  |
| Tax Return of Capital |  |  | (0.05) | (0.02) | (0.18) | (0.32) |
| **Total Distributions to Common Stockholders** | (0.35) | (0.70) | (0.70) | (0.24) | (0.18) | (0.32) |
| **Common Stock Net Asset Value, End of Period** | $9.47 | $10.33 | $8.02 | $8.73 | $6.32 | $4.27 |
| **Common Stock Market Value, End of Period** | $8.53 | $9.44 | $6.91 | $7.21 | $5.02 | $3.28 |
| Total Return, Common Stock Net Asset Value<sup>†</sup> | (4.63) | 41.03 | 1.71% | 43.39% | 54.03% | (35.28)% |
| Total Return, Common Stock Market Value<sup>†</sup> | (6.00) | 49.58 | 6.11% | 49.09% | 59.28% | (43.13)% |
| **Supplemental Data/Ratios** |  |  |  |  |  |  |
| Net Assets Applicable to Common Stockholders, End of Period (in millions) | $536.4 | $585.5 | $454.3 | $494.7 | $358.1 | $241.8 |
| **Ratios are Calculated Using Average Net Assets Applicable to Common Stockholders** |  |  |  |  |  |  |
| Ratio of Expenses Including Deferred Income Tax (Benefit)/Expense<sup>#</sup> | (0.30) | 13.24 | 2.95% | 1.85% | 1.55% | 2.77% |
| Ratio of Expenses Excluding Deferred Income Tax (Benefit)/Expense | 2.57 | 2.72 | 2.70% | 1.85% | 1.55% | 2.77% |
| Ratio of Net Investment Income/(Loss) Including Deferred Income Tax Benefit/(Expense)<sup>#</sup> | 4.22 | (10.43) | (1.11)% | (0.25)% | (0.82)% | (1.62)% |
| Ratio of Net Investment Income/(Loss) Excluding Deferred Income Tax Benefit/(Expense) | 1.35 | 0.09 | (0.86)% | (0.25)% | (0.82)% | (1.62)% |
| **Portfolio Turnover Rate** | 21 | 27 | 20% | 19% | 20% | 41% |
| **Loans Payable (in millions)** | $126.0 | $107.0 | $103.0 | $94.3 | $66.6 | $35.8 |
| **Asset Coverage Per $1,000 of Loans Payable, End of Period<sup>Ø</sup>** | $5258 | $6473 | $5411 | $6247 | $6378 | $7754 |

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See Notes to Financial Highlights 19

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Notes to Financial Highlights Energy Infrastructure and Income Fund Inc. (Unaudited)

¢ Calculated based on the average number of shares of common stock outstanding during each fiscal period.

† Total return based on per share NAV reflects the effects of changes in NAV on the performance of the Fund during each fiscal period.
Total return based on per share market value assumes the purchase of shares of common stock at the market price on the first day and sale
of common stock at the market price on the last day of the period indicated. Distributions, if any, are assumed to be reinvested at prices
obtained under the Fund's distribution reinvestment plan. Results represent past performance and do not indicate future results.
Current returns may be lower or higher than the performance data quoted. Investment returns will fluctuate and shares of common stock, when
sold, may be worth more or less than original cost.

@@ Not Annualized.

◊ The class action proceeds received in 2024 had no impact on the Fund's total return for the year ended November 30, 2024.

# For the six months ended May 31, 2025, the Fund accrued $15,820,381 for net deferred income tax benefit, and for the years ended November 30, 2024, November 30, 2023, November 30, 2022, November 30, 2021, and November 30, 2020, the Fund accrued $51,224,597, $1,125,299, $0, $0, and $0, respectively, for net deferred income tax expense.

@ Annualized.

& Net deferred income tax (benefit)/expense is included in this ratio on a non-annualized basis.

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| | |
|:---|:---|
| Ø | The asset coverage ratio is calculated by subtracting the Fund's total liabilities and indebtedness not represented by senior securities from the Fund's total assets, dividing the result by the aggregate amount of the Fund's senior securities representing indebtedness then outstanding, and then multiplying by $1,000. |

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Distribution Reinvestment Plan

Equiniti Trust Company, LLC (the "Plan Agent") will act as Plan Agent for stockholders who have not elected in writing to receive dividends and other distributions in cash (each a "Participant"), will open an account for each Participant under the Distribution Reinvestment Plan ("Plan") in the same name as its then-current shares of the Fund's common stock ("Shares") are registered, and will put the Plan into effect for each Participant as of the first record date for a dividend or other distribution after the account is opened.

Whenever the Fund declares a dividend or distribution with respect to the Shares, each Participant will receive such dividends and other distributions in additional Shares, including fractional Shares acquired by the Plan Agent and credited to each Participant's account. If on the payment date for a cash dividend or distribution, the net asset value is equal to or less than the market price per Share plus estimated brokerage commissions, the Plan Agent shall automatically receive such Shares, including fractions, for each Participant's account. Except in the circumstances described in the next paragraph, the number of additional Shares to be credited to each Participant's account shall be determined by dividing the dollar amount of the dividend or distribution payable on its Shares by the greater of the net asset value per Share determined as of the date of purchase or 95% of the then-current market price per Share on the payment date.

Should the net asset value per Share exceed the market price per Share plus estimated brokerage commissions on the payment date for a cash dividend or distribution, the Fund may, but is not required to, issue new Shares. If the Fund does not issue new Shares, and the net asset value per Share exceeds the market price per Share plus estimated brokerage commissions on the payment date for a cash dividend or distribution, then the Plan Agent or a broker-dealer selected by the Plan Agent shall endeavor, for a purchase period lasting until the last business day before the next date on which the Shares trade on an "ex-distribution" basis, but in no event, except as provided below, more than 30 days after the payment date, to apply the amount of such dividend or distribution on each Participant's Shares (less their pro rata share of brokerage commissions incurred with respect to the Plan Agent's open-market purchases in connection with the reinvestment of such dividend or distribution) to purchase Shares on the open market for each Participant's account.

No such purchases may be made more than 30 days after the payment date for such dividend or distribution except where temporary curtailment or suspension of purchase is necessary to comply with applicable provisions of federal securities laws. If, at the close of business on any day during the purchase period the net asset value per Share equals or is less than the market price per Share plus estimated brokerage commissions, the Plan Agent will not make any further open-market purchases in connection with the reinvestment of such dividend or distribution. If the Plan Agent is unable to invest the full dividend or distribution amount through open-market purchases during the purchase period, the Plan Agent shall request that, with respect to the uninvested portion of such dividend or distribution amount, the Fund issue new Shares at the close of business on the earlier of the last day of the purchase period or the first day during the purchase period on which the net asset value per Share equals or is less than the market price per Share, plus estimated brokerage commissions, such Shares to be issued in accordance with the terms specified in the third paragraph hereof. These newly issued Shares will be valued at the then-current market price per Share at the time such Shares are to be issued.

For purposes of making the reinvestment purchase comparison under the Plan, (a) the market price of the Shares on a particular date shall be the last sales price on the New York Stock Exchange (or if the Shares are not listed on the New York Stock Exchange, such other exchange on which the Shares are principally traded) on that date, or, if there is no sale on such Exchange (or if not so listed, in the over-the-counter market) on that date, then the mean between the closing bid and asked quotations for such Shares on such Exchange on such date and (b) the net asset value per Share on a particular date shall be the net asset value per Share most recently calculated by or on behalf of the Fund. All dividends, distributions and other payments (whether made in cash or Shares) shall be made net of any applicable withholding tax.

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Open-market purchases provided for above may be made on any securities exchange where the Fund's Shares are traded, in the over-the-counter market or in negotiated transactions and may be on such terms as to price, delivery and otherwise as the Plan Agent shall determine. Each Participant's uninvested funds held by the Plan Agent will not bear interest, and it is understood that, in any event, the Plan Agent shall have no liability in connection with any inability to purchase Shares within 30 days after the initial date of such purchase as herein provided, or with the timing of any purchases effected. The Plan Agent shall have no responsibility as to the value of the Shares acquired for each Participant's account. For the purpose of cash investments, the Plan Agent may commingle each Participant's funds with those of other stockholders of the Fund for whom the Plan Agent similarly acts as agent, and the average price (including brokerage commissions) of all Shares purchased by the Plan Agent as Plan Agent shall be the price per Share allocable to each Participant in connection therewith.

The Plan Agent may hold each Participant's Shares acquired pursuant to the Plan together with the Shares of other stockholders of the Fund acquired pursuant to the Plan in noncertificated form in the Plan Agent's name or that of the Plan Agent's nominee. The Plan Agent will forward to each Participant any proxy solicitation material and will vote any Shares so held for each Participant only in accordance with the instructions set forth on proxies returned by the Participant to the Fund.

The Plan Agent will confirm to each Participant each acquisition made for its account as soon as practicable but not later than 60 days after the date thereof. Although each Participant may from time to time have an undivided fractional interest (computed to three decimal places) in a Share, no certificates for a fractional Share will be issued. However, dividends and distributions on fractional Shares will be credited to each Participant's account. In the event of termination of a Participant's account under the Plan, the Plan Agent will adjust for any such undivided fractional interest in cash at the market value of the Shares at the time of termination, less the pro rata expense of any sale required to make such an adjustment.

Any Share dividends or split Shares distributed by the Fund on Shares held by the Plan Agent for Participants will be credited to their accounts. In the event that the Fund makes available to its stockholders rights to purchase additional Shares or other securities, the Shares held for each Participant under the Plan will be added to other Shares held by the Participant in calculating the number of rights to be issued to each Participant.

The Plan Agent's service fee for handling capital gains and other distributions or income dividends will be paid by the Fund. Participants will be charged their pro rata share of brokerage commissions on all open-market purchases.

Each Participant may terminate its account under the Plan by notifying the Plan Agent in writing. Such termination will be effective immediately if the Participant's notice is received by the Plan Agent not less than ten days prior to any dividend or distribution record date, otherwise such termination will be effective the first trading day after the payment date for such dividend or distribution with respect to any subsequent dividend or distribution. The Plan may be terminated by the Plan Agent or the Fund upon notice in writing mailed to each Participant at least 30 days prior to any record date for the payment of any dividend or distribution by the Fund.

These terms and conditions may be amended or supplemented by the Plan Agent or the Fund at any time or times but, except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only by mailing to each Participant appropriate written notice at least 30 days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Agent receives written notice of the termination of its account under the Plan. Any such amendment may include an appointment by the Plan Agent in its place and stead of a successor Plan Agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Plan Agent under these terms and conditions. Upon any such appointment of any Plan Agent for the purpose of receiving dividends and other distributions, the Fund will be authorized to pay to such successor Plan Agent, for each Participant's account, all dividends and other distributions payable on Shares held in its name or under the Plan for retention or application by such successor Plan Agent as provided in these terms and conditions.

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The Plan Agent shall at all times act in good faith and agrees to use its best efforts within reasonable limits to ensure the accuracy of all services performed under this Agreement and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors unless such error is caused by the Plan Agent's negligence, bad faith, or willful misconduct or that of its employees. These terms and conditions are governed by the laws of the State of Maryland.

Reinvested dividends and distributions are taxed in the same manner as cash dividends and distributions — i.e., reinvestment in additional Shares does not relieve stockholders of, or defer the need to pay, any income tax that may be payable (or that is required to be withheld) on Fund dividends and distributions. Participants should contact their tax professionals for information on how the Plan impacts their personal tax situation. For additional information about the Plan, please contact the Plan Agent by telephone at 1-866-227-2136 or by mail at P.O. Box 10027, Newark, NJ, 07101-3027 or online at https://equiniti.com/us/ast-access/individuals/.

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Directory

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| | |
|:---|:---|
| **Investment Manager and Administrator** | **Plan Agent** |
| Neuberger Berman Investment Advisers LLC | Equiniti Trust Company, LLC |
| 1290 Avenue of the Americas | P.O. Box 10027 |
| New York, NY 10104-0002 | Newark, NJ 07101-3027 |
| 877.461.1899 |  |
|  | Overnight correspondence should be sent to: |
| **Custodian** | Equiniti Trust Company, LLC |
| U.S. Bank, National Association | 55 Challenger Road 2nd Floor |
| 1555 North Rivercenter Drive, Suite 302 | Ridgefield Park, NJ 07660 |
| Milwaukee, WI 53212 |  |
|  | **Legal Counsel** |
| **Transfer Agent** | K&L Gates LLP |
| Equiniti Trust Company, LLC | 1601 K Street, NW |
| 48 Wall Street, Floor 23 | Washington, DC 20006-1600 |
| New York, NY 10005 |  |
| Shareholder Services 866.227.2136 | **Independent Registered Public Accounting Firm** |
|  | Ernst & Young LLP |
|  | 200 Clarendon Street |
|  | Boston, MA 02116 |

---

[**Table of Contents**](#toc)

Proxy Voting Policies and Procedures

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available, without charge, by calling 800-877-9700 (toll-free) and on the SEC's website at www.sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is also available, upon request, without charge, by calling 800-877-9700 (toll-free), on the SEC's website at www.sec.gov, and on Neuberger Berman's website at www.nb.com.

Quarterly Portfolio Schedule

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its report on Form N-PORT. The Fund's Forms N-PORT are available on the SEC's website at www.sec.gov. The portfolio holdings information on Forms N-PORT is available upon request, without charge, by calling 800-877-9700 (toll-free).

[**Table of Contents**](#toc)

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|:---|:---|
| ![](nbeiif4479561-ncsrs1x1x1.jpg) | Rev. August<br> 2024 |

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| | |
|:---|:---|
| **FACTS** | **WHAT DOES NEUBERGER BERMAN<br> DO WITH YOUR PERSONAL INFORMATION?** |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Why?** | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**What?** | The types of personal information we collect and share depend on the product or service you have with us. This information can include: | The types of personal information we collect and share depend on the product or service you have with us. This information can include: |
|  | ◼ | Social Security numbers, dates of birth, and other numerical identifiers |
|  | ◼ | Names and addresses |
|  | ◼ | Driver's licenses, passports, and other identification documents |
|  | ◼ | Usernames and passwords |
|  | ◼ | Internet protocol addresses and other network activity information |
|  | ◼ | Income, credit history, credit scores, assets, transaction history, and other financial information |

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| | |
|:---|:---|
| &nbsp;&nbsp;**How?** | All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Neuberger Berman chooses to share; and whether you can limit this sharing. |

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| | | |
|:---|:---|:---|
| **Reasons we can share your personal information** | **Does Neuberger<br> Berman share?** | **Can you limit this sharing?** |
| &nbsp;&nbsp;&nbsp;**For our everyday business purposes—**<br> such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
| &nbsp;&nbsp;&nbsp;**For our marketing purposes—**<br> to offer our products and services to you | Yes | No |
| &nbsp;&nbsp;&nbsp;**For joint marketing with other financial companies** | No | We don't share |
| &nbsp;&nbsp;&nbsp;**For our Affiliates' everyday business purposes—**<br> information about your transactions and experiences | Yes | No |
| &nbsp;&nbsp;&nbsp;**For our Affiliates' everyday business purposes—**<br> information about your creditworthiness | No | We don't share |
| &nbsp;&nbsp;&nbsp;**For Nonaffiliates to market to you** | No | We don't share |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Questions?** | Call 646.497.4003 or 866.483.1046 (toll-free) |
| &nbsp;&nbsp;**Questions?** | Email NBPrivacyOfficer@nb.com |
| &nbsp;&nbsp;**Questions?** | or go to www.nb.com |

---

This is not part of the Fund's stockholder report.

[**Table of Contents**](#toc)

![](nbeiif4479561-ncsrs1x1x1.jpg)

&nbsp;&nbsp;**Page 2**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Who we are?** |  |
| &nbsp;&nbsp;**Who is providing this notice?** | Entities within the Neuberger Berman family of companies, mutual funds, and private investment funds. |

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| | |
|:---|:---|
| &nbsp;&nbsp;**What we do?** |  |
| &nbsp;&nbsp;**How does Neuberger Berman protect my personal information?** | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law and include physical, electronic and procedural safeguards. |
| &nbsp;&nbsp;**How does Neuberger Berman collect my personal information?** | We collect your personal information directly from you or your representatives, for example, when you<br> ◼ seek advice about your investments<br> ◼ give us your contact or income information<br> ◼ provide account information or open an account<br> ◼ direct us to buy or sell securities, or complete other transactions<br> ◼ visit one of our websites, portals, or other online locations<br> We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
| &nbsp;&nbsp;**Why can't I limit all sharing?** | Federal law gives you the right to limit only:<br> ◼ sharing with Affiliates for everyday business purposes—information about your creditworthiness<br> ◼ Affiliates from using your information to market to you<br> ◼ sharing with Nonaffiliates to market to you<br> State laws and individual companies may give you additional rights to limit sharing. |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Definitions** |  |
| &nbsp;&nbsp;**Affiliates** | Companies related by common ownership or control. They can be financial and nonfinancial companies.<br> ◼ *Our affiliates include, but are not limited to, companies with a Neuberger Berman name; financial companies, such as investment advisers or broker dealers; mutual funds; and private investment funds.* |
| &nbsp;&nbsp;**Nonaffiliates** | Companies not related by common ownership or control. They can be financial and nonfinancial companies.<br> ◼ *Nonaffiliates we share with can include companies that perform administrative services on our behalf (such as vendors that provide data processing, transaction processing, and printing services) or other companies such as brokers, dealers, or counterparties in connection with servicing your account.* |
| &nbsp;&nbsp;**Joint marketing** | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.<br> ◼ *Neuberger Berman doesn't jointly market.* |

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This is not part of the Fund's stockholder report.

[**Table of Contents**](#toc)

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| | |
|:---|:---|
| ![](nbeiif4479561-ncsrs1x1x1.jpg) | ![](nbeiif4479561-ncsrs1x1x1.jpg) |
| **Neuberger Berman Investment Advisers LLC**<br> 1290 Avenue of the Americas<br> New York, NY 10104–0002<br> Internal Sales & Services<br> 877.461.1899<br> www.nb.com<br> *Statistics and projections in this report are derived from sources deemed to be reliable but cannot be regarded as a representation of future results of the Fund. This report is prepared for the general information of stockholders and is not an offer for shares of the Fund.* | **Neuberger Berman Investment Advisers LLC**<br> 1290 Avenue of the Americas<br> New York, NY 10104–0002<br> Internal Sales & Services<br> 877.461.1899<br> www.nb.com<br> *Statistics and projections in this report are derived from sources deemed to be reliable but cannot be regarded as a representation of future results of the Fund. This report is prepared for the general information of stockholders and is not an offer for shares of the Fund.* |
| ![](nbeiif4479561-ncsrs1x56x1.jpg) | N0131 07/25 |

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&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

#### Item 2. Code of Ethics.
The Board of Directors ("Board") of Neuberger Berman Energy Infrastructure and Income Fund Inc. ("Registrant" or "Fund") has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions ("Code of Ethics"). During the period covered by this Form N-CSR, there were no substantive amendments to the Code of Ethics and there were no waivers from the Code of Ethics granted to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

A copy of the [Code of Ethics is incorporated by reference to Neuberger Berman Alternative Funds' Form N-CSR, Investment Company Act file number 811-21715 (filed January 6, 2025)](https://www.sec.gov/Archives/edgar/data/1317474/000198115825000004/codeofethics.htm). The Code of Ethics is also available, without charge, by calling 1-800-877-9700 (toll-free).

#### Item 3. Audit Committee Financial Expert.
Not applicable to semi-annual reports on Form N-CSR.

#### Item 4. Principal Accountant Fees and Services.
Not applicable to semi-annual reports on Form N-CSR.

#### Item 5. Audit Committee of Listed Registrants.
&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable to semi-annual reports on Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

#### Item 6. Investments.
&nbsp;&nbsp;&nbsp;&nbsp;(a) The complete schedule of investments for the Registrant is disclosed in the Registrant's semi-annual report, which is included in Item 1 of this Form
 N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Not applicable to closed-end investment companies.

#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable to closed-end investment companies.

#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable to closed-end investment companies.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable to closed-end investment companies.

------

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract
Not applicable.

#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to semi-annual reports on Form N-CSR.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable to semi-annual reports on Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There have been no changes in any of the Portfolio Managers since the Registrant's most recent annual report on Form N-CSR.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
No reportable purchases for the period covered by this report.

#### Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which stockholders may recommend nominees to the Board.

#### Item 16. Controls and Procedures.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) as of a date within 90 days of the filing date of this report, the
 Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required
 to be disclosed by the Registrant on Form N-CSR is accumulated and communicated to the Registrant's management to allow timely decisions regarding required disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no significant changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period
 covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund did not engage in any securities lending activity during its most recent fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Fund did not engage in any securities lending activity and no services were provided by the securities lending agent to the Fund during its most recent fiscal year.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable to the Registrant.

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#### Item 19. Exhibits.

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| | |
|:---|:---|
| (a)(1) | A copy of the [Code of Ethics is incorporated by reference to Neuberger Berman Alternative Funds' Form N-CSR, Investment Company Act file number 811-21715 (filed January 6, 2025)](https://www.sec.gov/Archives/edgar/data/1317474/000198115825000004/codeofethics.htm). |

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(a)(2) Not applicable to the Registrant.

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| | |
|:---|:---|
| (a)(3) | The [certifications required by Rule 30a-2(a) under the Act and Section 302 of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley Act")](exh99-cert.htm#EXHIBIT99-CERT) are filed herewith. |

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(a)(4) Not applicable to the Registrant.

(a)(5) Not applicable to the Registrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The [certification required by Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act](exh99-906cert.htm#EXHIBIT-99.906CERT) is furnished herewith.

The certification furnished pursuant to Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.

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#### SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Neuberger Berman Energy Infrastructure and Income Fund Inc.

By: <u>/s/ Joseph V. Amato</u>

Joseph V. Amato

Chief Executive Officer and President

Date: August 7, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: <u>/s/ Joseph V. Amato</u>

Joseph V. Amato

Chief Executive Officer and President

Date: August 7, 2025

By: <u>/s/ John M. McGovern</u>

John M. McGovern

Treasurer and Principal Financial

and Accounting Officer

Date: August 7, 2025

## Ex-99.Cert

#### EXHIBIT 99-CERT

#### CERTIFICATIONS
I, Joseph V. Amato, certify that:

1. I have reviewed this report on Form N-CSR of Neuberger Berman Energy Infrastructure and Income Fund Inc. ("Registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: August 7, 2025 | By: | <u>/s/ Joseph V. Amato</u> |
|  |  | Joseph V. Amato |
|  |  | Chief Executive Officer and |
|  |  | President |

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I, John M. McGovern, certify that:

1. I have reviewed this report on Form N-CSR of Neuberger Berman Energy Infrastructure and Income Fund Inc. ("Registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

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| | | |
|:---|:---|:---|
| Date: August 7, 2025 | By: <br>| <u>/s/ John M. McGovern</u> |
|  |  | John M. McGovern |
|  |  | Treasurer and Principal Financial |
|  |  | and Accounting Officer |

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## Exhibit 99.906

#### EXHIBIT - 99.906CERT
 **<br>

#### Section 906 Certification

We, Joseph V. Amato, Chief Executive Officer and President, and John M. McGovern, Treasurer and Principal Financial and Accounting Officer, of Neuberger Berman Energy Infrastructure and Income Fund Inc. ("Registrant"), certify, pursuant to 18 U.S.C. Section 1350 enacted under Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

<br> 1. The Registrant's periodic report on Form N-CSR for the period ended May 31, 2025, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. Section 78m(a) or 78o(d)); and

<br> 2. The information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: August 7, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Joseph V. Amato</u><br> Joseph V. Amato<br> Chief Executive Officer and President<br>By: <u>/s/ John M. McGovern</u><br> John M. McGovern<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasurer and Principal Financial<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Accounting Officer<br>

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR with the Commission.** 

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