Biconservative submanifolds in $\mathbb{S}^{n}\times \mathbb{R}$ and $\mathbb{H}^{n}\times \mathbb{R}$

In this paper, we study biconservative submanifolds in $\mathbb{S}^{n}\times \mathbb{R}$ and $\mathbb{H}^{n}\times \mathbb{R}$ with parallel mean curvature vector field and co-dimension 2. We obtain some necessary and sufficient conditions for such submanifolds to be conservative. In particular, we obtain a complete classification of 3-dimensional biconservative submanifolds in $\mathbb{S}^{4}\times \mathbb{R}$ and $\mathbb{H}^{4}\times \mathbb{R}$ with nonzero parallel mean curvature vector field. We also get some results for biharmonic submanifolds in $\mathbb{S}^{n}\times \mathbb{R}$ and $\mathbb{H}^{n}\times \mathbb{R}$.