Neuberger Berman Municipal Fund Announces New Monthly Distribution
Neuberger Berman Municipal Fund Announces Monthly Distribution
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has officially declared its monthly distribution of $0.05417 per share of common stock. This distribution signals the Fund's ongoing commitment to providing income that is generally exempt from federal income tax. Investors should note the distribution is payable on a specified date, with record and ex-dates outlined for clarity.
Details of the Distribution Declaration
This recent announcement includes important dates for the Fund's shareholders. Investors should mark their calendars for the upcoming distribution date. While the distribution primarily aims to provide tax-exempt income, it is relevant to understand that certain distributions may also trigger implications subject to the federal alternative minimum tax for some shareholders.
Payout Composition
The monthly distribution may consist of various components, including net investment income, realized capital gains, and return of capital. If, during any given period, the fund's distributions exceed its net investment income, the excess may consist of realized gains and/or a return of capital. Investors must be aware that such distributions could affect the net asset value (NAV) per share, potentially resulting in a decline as the cost basis of shares is adjusted accordingly.
Compliance and Notification
Adhering to Section 19 of the Investment Company Act of 1940, the Fund will issue a notice regarding any distributions that do not consist purely of net investment income. This notice serves informational purposes and may include estimated portions of the distribution, distinguishing among net investment income, capital gains, and any return of capital.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a proud employee-owned, independent investment manager. With a team of over 2,800 employees across 26 countries, the firm expertly manages approximately $538 billion across various asset classes, including equities, fixed income, private equity, real estate, and hedge funds for a diverse clientele that includes global institutions and individuals.
Investment Philosophy
The essence of Neuberger Berman's investment philosophy lies in active management, rigorous fundamental research, and an engaged ownership approach. The firm has distinguished itself in the industry by consistently being recognized as one of the top places to work in money management over the past eleven years.
Corporate Information
For any inquiries or additional information, Neuberger Berman Investment Advisers LLC can be reached at their New York office. The firm encourages interested investors to reach out for further engagement.
Frequently Asked Questions
What is the monthly distribution amount for the Neuberger Berman Fund?
The recently announced monthly distribution is $0.05417 per share of common stock.
When is the distribution payable?
The distribution is payable on a specified date set by the Fund.
What does the distribution consist of?
Distributions may include net investment income, realized capital gains, and return of capital.
How does this affect investors’ taxes?
Some distributions might be subject to federal alternative minimum tax for certain shareholders.
Where can I find more information about Neuberger Berman?
Investors can contact Neuberger Berman directly or visit their corporate website for more details about their services and offerings.
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