Neuberger Berman Municipal Fund Announces New Monthly Payout

Neuberger Berman Municipal Fund Declares Monthly Distribution
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has officially announced a new monthly distribution of $0.05417 per share of its common stock.
Details of the Distribution Declaration
This recent declaration reflects a commitment to fulfilling the Fund’s objective to provide shareholders with income exempt from regular federal income tax. Although these distributions are designed to be tax-exempt, it’s important for investors to be aware that some distributions might be subject to the federal alternative minimum tax, depending on their individual tax situations.
The distribution, which will be paid on an upcoming designated date, is designed to give shareholders a consistent income stream while supporting their investment strategy. A record date is established for each distribution to determine eligible shareholders, along with an ex-date that indicates when the shares start trading without the entitlement to the upcoming distribution.
Composition of Future Distributions
Future distributions, similar to the current one, could include net investment income, realized capital gains, or return of capital. A notable aspect of the Fund’s approach is that if it distributes more than its net investment income in a given year, these excess distributions could also incorporate realized gains and/or a return of capital, thereby impacting the net asset value (NAV) per share.
Investors should know that a portion of the distribution, if it includes a return of capital, may reduce the cost basis of their shares. A formal notice will be sent to shareholders for any distributions that do not comprise solely of net investment income, clarifying the breakdown of the distribution components. This ensures transparency and allows investors to understand the tax characteristics of their distributions clearly.
About Neuberger Berman
Neuberger Berman is a renowned, independent investment management firm established in 1939. With over 2,800 employees spanning 26 countries, the firm manages a significant portfolio totaling approximately $508 billion, covering various asset classes including equities, fixed income, private equity, real estate, and hedge funds.
The organization takes pride in its active management philosophy, robust fundamental research, and a commitment to engaged ownership. Their leadership in sustainable investing practices has garnered attention, as evidenced by its high ratings from the Principles for Responsible Investment (PRI), highlighting their admirable success in stewardship and the sustainable development realm.
Acknowledgments and Workplace Recognition
Neuberger Berman has consistently been recognized as one of the best places to work in money management by Pensions & Investments, proudly standing out in rankings for the past decade among firms with a workforce exceeding 1,000 employees. This solidifies the company’s stance as not just an industry leader in investment management but also a preferred employer.
Investor Resources and Contact Information
For those seeking additional information or wishing to engage with the Firm, Neuberger Berman welcomes inquiries directed through their dedicated investor information line, available at (877) 461-1899.
Frequently Asked Questions
What is the amount of the declared monthly distribution?
The declared monthly distribution is $0.05417 per share of common stock.
When will the distribution be paid?
The next distribution is scheduled to be paid on the designated date set by the Fund.
What does the distribution consist of?
The distribution may comprise net investment income, realized capital gains, or a return of capital.
How does a return of capital affect investors?
A return of capital may reduce the NAV per share and an investor's cost basis for their shares.
How can I get more information about the fund?
More information can be obtained by contacting Neuberger Berman at their investor information line or visiting their official website.
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