NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Municipal Fund (NYSE American: NBH) announced a monthly distribution of $0.03774 per share of common stock.

The distribution is payable on June 17, 2024, with a record date of May 31, 2024, and an ex-date of May 31, 2024.

The Fund aims to provide income exempt from regular federal income tax, although distributions may be subject to the federal alternative minimum tax for some shareholders.

A notice compliant with the Investment Company Act of 1940 will be issued if the distribution includes more than net investment income, for informational, not tax reporting purposes. The final determination of source and tax characteristics of all 2024 distributions will be made post year-end.

Positive

• Distribution of $0.03774 per share announced.
• Payable date set for June 17, 2024.
• Record date and ex-date both set for May 31, 2024.
• Income is exempt from regular federal income tax.

Negative

• Distributions may be subject to the federal alternative minimum tax for some stockholders.
• Final determination of source and tax characteristics will only be available after the end of the year.

NEW YORK, May 15, 2024 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has announced a distribution declaration of $0.03774 per share of common stock.  The distribution announced today is payable on June 17, 2024, has a record date of May 31, 2024, and has an ex-date of May 31, 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.

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 $474 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. UNPRI named the firm a Leader, 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 March 31, 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-302145750.html

SOURCE Neuberger Berman

FAQ

What is the distribution amount announced by Neuberger Berman Municipal Fund (NBH)?

The distribution amount announced is $0.03774 per share of common stock.

When is the distribution payable for NBH shares?

The distribution is payable on June 17, 2024.

What are the record date and ex-date for NBH's distribution?

Both the record date and ex-date are May 31, 2024.

Is the distribution from NBH exempt from federal income tax?

Yes, the income from the distribution is exempt from regular federal income tax.

Can NBH's distributions be subject to the federal alternative minimum tax?

Yes, some stockholders may need to pay the federal alternative minimum tax on distributions.

When will the final tax characteristics of NBH's distributions be determined?

The final determination will be made after the end of the year.