NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be payable on February 18, 2025, with both record date and ex-date set for January 31, 2025.
The Fund aims to provide income exempt from regular federal income tax, though distributions may be subject to federal alternative minimum tax for some stockholders. The announced distribution and future ones may include net investment income, realized capital gains, and return of capital. If distributions exceed net investment income, they may include realized gains and/or return of capital, which could reduce NAV per share and investor cost basis.
Il Neuberger Berman Municipal Fund (NYSE American: NBH) ha dichiarato una distribuzione mensile di $0.05417 per azione di azioni ordinarie. La distribuzione sarà pagabile il 18 febbraio 2025, con la data di registrazione e la data ex fissate per il 31 gennaio 2025.
Il Fondo mira a fornire un reddito esente dalla normale imposta federale sul reddito, anche se le distribuzioni potrebbero essere soggette a una tassa alternativa minima federale per alcuni azionisti. La distribuzione annunciata e quelle future possono includere reddito netto da investimenti, guadagni in conto capitale realizzati e restituzione di capitale. Se le distribuzioni superano il reddito netto da investimenti, possono includere guadagni realizzati e/o restituzione di capitale, il che potrebbe ridurre il valore netto degli attivi (NAV) per azione e la base di costo per l'investitore.
El Neuberger Berman Municipal Fund (NYSE American: NBH) ha declarado una distribución mensual de $0.05417 por acción de acciones ordinarias. La distribución se pagará el 18 de febrero de 2025, con la fecha de registro y la fecha ex establecidas para el 31 de enero de 2025.
El Fondo tiene como objetivo proporcionar ingresos exentos del impuesto federal sobre la renta normal, aunque las distribuciones pueden estar sujetas al impuesto mínimo alternativo federal para algunos accionistas. La distribución anunciada y futuras pueden incluir ingresos netos de inversiones, ganancias de capital realizadas y devolución de capital. Si las distribuciones superan los ingresos netos de inversiones, pueden incluir ganancias realizadas y/o devolución de capital, lo que podría reducir el valor neto de los activos (NAV) por acción y la base de costo del inversor.
뉴버거 버먼 지방채 펀드 (NYSE American: NBH)는 주당 $0.05417의 월 배당금을 발표했습니다. 배당금은 2025년 2월 18일에 지급되며, 기록일과 배당락일은 2025년 1월 31일로 설정됩니다.
이 펀드는 일반 연방 소득세에서 면제되는 소득을 제공하는 것을 목표로 하며, 일부 주주에게는 연방 대안 최소세가 적용될 수 있습니다. 발표된 배당금과 향후 배당금에는 순투자소득, 실현된 자본 이득 및 자본 반환이 포함될 수 있습니다. 배당금이 순투자소득을 초과하는 경우, 실현된 이득 및/또는 자본 반환이 포함될 수 있으며, 이는 주당 순자산가치(NAV)와 투자자의 비용 기준을 감소시킬 수 있습니다.
Le Neuberger Berman Municipal Fund (NYSE American: NBH) a déclaré une distribution mensuelle de $0.05417 par action d'actions ordinaires. La distribution sera payable le 18 février 2025, avec la date d'enregistrement et la date ex prévues pour le 31 janvier 2025.
Le Fonds vise à fournir un revenu exempt d'impôt fédéral sur le revenu normal, bien que les distributions puissent être soumises à un impôt fédéral alternatif minimum pour certains actionnaires. La distribution annoncée et les futures peuvent inclure des revenus nets d'investissement, des gains en capital réalisés et un retour de capital. Si les distributions dépassent le revenu net d'investissement, elles peuvent inclure des gains réalisés et/ou un retour de capital, ce qui pourrait réduire la valeur liquidative (NAV) par action et le coût de base pour l'investisseur.
Der Neuberger Berman Municipal Fund (NYSE American: NBH) hat eine monatliche Ausschüttung von $0.05417 pro Aktie der Stammaktien erklärt. Die Ausschüttung wird am 18. Februar 2025 zahlbar sein, wobei sowohl das Record-Datum als auch das Ex-Datum auf den 31. Januar 2025 festgelegt sind.
Der Fonds zielt darauf ab, Einkommen bereitzustellen, das von der regulären Bundes-Einkommenssteuer befreit ist, obwohl Ausschüttungen für einige Aktionäre der Bundesalternativsteuer unterliegen können. Die angekündigte Ausschüttung und zukünftige Ausschüttungen können Nettoanlageerträge, realisierte Kapitalgewinne und Kapitalrückzahlungen umfassen. Wenn Ausschüttungen die Nettoanlageerträge übersteigen, können sie realisierte Gewinne und/oder Kapitalrückzahlungen enthalten, was den Nettoinventarwert (NAV) pro Aktie und die Kostenbasis des Investors reduzieren könnte.
- Regular monthly dividend distribution maintained
- Tax-exempt income for investors from federal regular income tax
- Potential NAV reduction if distribution includes return of capital
- Distributions may be subject to alternative minimum tax
- Risk of cost basis reduction for investors if return of capital is included
Insights
This monthly distribution announcement from Neuberger Berman Municipal Fund represents a consistent
The distribution's tax-exempt status makes it particularly valuable for high-income investors in elevated tax brackets. However, investors should note the possibility that portions of future distributions could include return of capital, which would reduce their cost basis and could have different tax implications compared to regular income distributions.
The fund's structure as a closed-end municipal bond fund means it can use leverage to enhance yields, though this also increases risk and NAV volatility. In the current interest rate environment, municipal bonds face both opportunities and challenges - while higher rates offer better yields on new investments, they can pressure existing portfolio values and NAV.
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 2025 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
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
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SOURCE Neuberger Berman
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