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NEUBERGER BERMAN MUNICIPAL FUND INC. AND NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND INC. ANNOUNCE CERTIFIED RESULTS OF 2024 ANNUAL MEETINGS

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Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) and Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) have announced the certified results of their 2024 Annual Meetings of Stockholders. The meetings, held on August 16, 2024, reached quorum and faced a challenge from a dissident stockholder who proposed an alternative nominee. For NBH, preferred stockholders re-elected Michael M. Knetter. The final results, certified by independent Inspector of Election First Coast Results, Inc., confirm that the incumbent Board members of both funds will retain their positions. These results will be included in the funds' next annual report to stockholders.

Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) e Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) hanno annunciato i risultati certificati delle loro Riunioni Annuali degli Azionisti 2024. Le riunioni, tenutesi il 16 agosto 2024, hanno raggiunto il quorum e hanno affrontato una sfida da un azionista dissidente che ha proposto un candidato alternativo. Per NBH, gli azionisti privilegiati hanno rieletto Michael M. Knetter. I risultati finali, certificati dall'Inspector of Election indipendente First Coast Results, Inc., confermano che i membri del Consiglio di Amministrazione in carica di entrambi i fondi manterranno le loro posizioni. Questi risultati saranno inclusi nel prossimo rapporto annuale dei fondi per gli azionisti.

Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) y Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) han anunciado los resultados certificados de sus Juntas Anuales de Accionistas 2024. Las juntas, celebradas el 16 de agosto de 2024, alcanzaron quórum y enfrentaron un desafío de un accionista disidente que propuso un candidato alternativo. Para NBH, los accionistas preferentes reelegieron a Michael M. Knetter. Los resultados finales, certificados por el Inspector de Elecciones independiente First Coast Results, Inc., confirman que los miembros actuales de la Junta de ambos fondos mantendrán sus posiciones. Estos resultados se incluirán en el próximo informe anual de los fondos para los accionistas.

Neuberger Berman Municipal Fund Inc. (NYSE American: NBH)와 Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG)는 2024년 주주 총회의 인증된 결과를 발표했습니다. 회의는 2024년 8월 16일에 열렸으며, 쿼럼에 도달하고 대안 후보를 제안한 반대 주주의 도전에 직면했습니다. NBH에 대해, 우선주 주주들은 Michael M. Knetter를 재선거했습니다. 독립 선거 감독관 First Coast Results, Inc.에 의해 인증된 최종 결과는 두 펀드의 현직 이사들이 그들의 자리를 유지할 것임을 확인합니다. 이러한 결과는 주주를 위한 펀드의 다음 연례 보고서에 포함됩니다.

Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) et Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) ont annoncé les résultats certifiés de leurs Assemblées Générales Annuelles des Actionnaires 2024. Les assemblées, tenues le 16 août 2024, ont atteint le quorum et ont été confrontées à un défi d'un actionnaire dissident qui a proposé un candidat alternatif. Pour le NBH, les actionnaires préférentiels ont réélu Michael M. Knetter. Les résultats finaux, certifiés par l'inspecteur des élections indépendant First Coast Results, Inc., confirment que les membres du conseil d'administration en place des deux fonds conserveront leurs postes. Ces résultats seront inclus dans le prochain rapport annuel des fonds aux actionnaires.

Der Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) und der Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) haben die zertifizierten Ergebnisse ihrer Jahreshauptversammlungen der Aktionäre 2024 bekannt gegeben. Die Versammlungen, die am 16. August 2024 stattfanden, erreichten das Quorum und sahen sich einer Herausforderung eines abtrünnigen Aktionärs gegenüber, der einen alternativen Kandidaten vorschlug. Für NBH wurden die Vorzugsaktionäre Michael M. Knetter wiedergewählt. Die endgültigen Ergebnisse, die vom unabhängigen Wahlbeauftragten First Coast Results, Inc. zertifiziert wurden, bestätigen, dass die aktuellen Vorstandsmitglieder beider Fonds ihre Positionen behalten werden. Diese Ergebnisse werden im nächsten Jahresbericht der Fonds an die Aktionäre enthalten sein.

Positive
  • Incumbent Board members retained their positions for both funds
  • Annual Meetings reached quorum, indicating sufficient shareholder participation
Negative
  • None.

NEW YORK, Aug. 23, 2024 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) and Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) announced today the final certified voting results of both funds' 2024 Annual Meetings of Stockholders (the "Annual Meetings") where a dissident stockholder had proposed a nominee.

For NBH, the holders of preferred stock re-elected Michael M. Knetter. The certified final results of the Annual Meetings confirm that the incumbent Board members of both funds will remain in place. The Annual Meetings reached quorum and were held on August 16, 2024.

The final voting results have been certified by First Coast Results, Inc., the independent Inspector of Election and will be included in the funds' next annual report to stockholders.

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 $481 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 June 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     

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SOURCE Neuberger Berman

FAQ

What was the outcome of Neuberger Berman Municipal Fund Inc. (NBH) 2024 Annual Meeting?

The incumbent Board members were retained, with Michael M. Knetter re-elected by preferred stockholders.

When were the 2024 Annual Meetings for NBH and NBXG held?

The Annual Meetings were held on August 16, 2024.

Was there any opposition to the incumbent Board members in the NBH and NBXG 2024 Annual Meetings?

Yes, a dissident stockholder had proposed an alternative nominee for both funds.

Who certified the final voting results for NBH and NBXG's 2024 Annual Meetings?

First Coast Results, Inc., an independent Inspector of Election, certified the final voting results.

Neuberger Berman Next Generation Connectivity Fund Inc.

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