Neuberger Berman MLP Income Fund Announces $1 Billion Initial Public Offering - CEF

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Alexander Samuelson, 212.476.5392

NEW YORK, March 26, 2013 – Neuberger Berman MLP Income Fund Inc. (the “Fund”), a newly organized closed-end fund, announced today the completion of pricing for its initial public offering. The Fund raised $1.005 billion in gross proceeds, agreeing to sell 50,250,000 shares of common stock at a price of $20.00 per share. The Fund has granted the underwriters an option to purchase up to 7,490,000 additional shares of common stock at the public offering price, less the sales load, within 45 days of the offering to cover over-allotments, if any. Should the underwriters exercise their overallotment option in full, the Fund will have raised approximately $1.155 billion. The Fund began trading today on the NYSE MKT under the symbol “NML.”.