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, payable on July 15, 2024. The record and ex-date for this distribution is June 28, 2024. The fund aims to provide income exempt from federal income tax, though some distributions may be subject to federal alternative minimum tax. In line with Section 19 of the Investment Company Act of 1940, any non-net investment income distribution will be accompanied by a notice detailing the estimated portions of net investment income, capital gains, and return of capital. The final tax characteristics will be determined after the end of the year.

Positive

• Distribution of $0.03774 per share announced for July 15, 2024.
• Income aimed to be exempt from regular federal income tax.
• Proactive compliance with Section 19 of the Investment Company Act of 1940.

Negative

• Distributions may be subject to the federal alternative minimum tax.
• Final determination of tax characteristics provided only after year-end.

NEW YORK, June 17, 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 July 15, 2024, has a record date of June 28, 2024, and has an ex-date of June 28, 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      

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SOURCE Neuberger Berman

FAQ

What is the monthly distribution for Neuberger Berman Municipal Fund (NBH) in July 2024?

The monthly distribution is $0.03774 per share, payable on July 15, 2024.

When is the record and ex-date for Neuberger Berman Municipal Fund's (NBH) July 2024 distribution?

The record and ex-date is June 28, 2024.

Is Neuberger Berman Municipal Fund's (NBH) distribution exempt from federal income tax?

Yes, the fund aims to provide income exempt from regular federal income tax, though some distributions may be subject to federal alternative minimum tax.

What compliance measures does Neuberger Berman Municipal Fund (NBH) follow for its distributions?

The fund complies with Section 19 of the Investment Company Act of 1940, providing a notice for any non-net investment income distribution.

When will Neuberger Berman Municipal Fund (NBH) finalize the tax characteristics of its 2024 distributions?

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