NEW
YORK, Nov. 15, 2024 /PRNewswire/ -- Neuberger
Berman Municipal Fund Inc. (NYSE American: NBH) (the "Fund") has
announced a distribution declaration of $0.05417 per share of common stock. The
distribution announced today is payable on December 16, 2024, has a record date of
November 29, 2024, and has an ex-date
of November 29, 2024. The Fund seeks
to provide income that is exempt from regular federal income tax.
Distributions of the Fund may be subject to the federal alternative
minimum tax for some stockholders.
The distribution announced today, as well as future
distributions, may consist of net investment income, realized
capital gains, and return of capital. In the event the Fund
distributes more than its net investment income during any yearly
period, such distributions may also include realized gains and/or a
return of capital. To the extent that a distribution includes a
return of capital, the NAV per share may decline and an
investor's cost basis of their shares will be reduced. In
compliance with Section 19 of the Investment Company Act of 1940,
as amended, a notice would be provided for any distribution that
does not consist solely of net investment income. The notice would
be for informational purposes and not for tax reporting purposes,
and would disclose, among other things, estimated portions of the
distribution, if any, consisting of net investment income, capital
gains and return of capital. The final determination of the source
and tax characteristics of all distributions paid in 2024 will be
made after the end of the year.
About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent
investment manager founded in 1939 with over 2,800 employees in 26
countries. The firm manages $509
billion of equities, fixed income, private equity, real
estate and hedge fund portfolios for global institutions, advisors
and individuals. Neuberger Berman's investment philosophy is
founded on active management, fundamental research and engaged
ownership. The PRI identified the firm as part of the Leader's
Group, a designation awarded to fewer than 1% of investment firms
for excellence in environmental, social and governance practices.
Neuberger Berman has been named by Pensions & Investments as
the #1 or #2 Best Place to Work in Money Management for each of the
last ten years (firms with more than 1,000 employees). Visit
www.nb.com for more information. Data as of September 30, 2024.
Statements made in this release that look forward in time
involve risks and uncertainties. Such risks and uncertainties
include, without limitation, the adverse effect from a decline in
the securities markets or a decline in the Fund's performance, a
general downturn in the economy, competition from other closed end
investment companies, changes in government policy or regulation,
inability of the Fund's investment adviser to attract or retain key
employees, inability of the Fund to implement its investment
strategy, inability of the Fund to manage rapid expansion and
unforeseen costs and other effects related to legal proceedings or
investigations of governmental and self-regulatory
organizations.
Contact:
Neuberger
Berman Investment Advisers
LLC
Investor
Information
(877) 461-1899
View original content to download
multimedia:https://www.prnewswire.com/news-releases/neuberger-berman-municipal-fund-announces-monthly-distribution-302306602.html
SOURCE Neuberger Berman
