Neuberger Berman Municipal Fund Declares New Monthly Payment
Neuberger Berman Municipal Fund Announces Monthly Distribution
Neuberger Berman Municipal Fund Inc. (NBH) has officially announced its monthly distribution of $0.05417 per share of common stock. This distribution highlights the Fund's ongoing commitment to providing income that is exempt from regular federal income tax, although some distributions may still be subject to the federal alternative minimum tax for certain stockholders.
Details of the Distribution Announcement
The recent distribution will be paid on the designated date, with a record date for shareholders set. Future distributions are expected to consist of net investment income, realized capital gains, and possibly a return of capital. If the Fund distributes more than its net investment income within any given year, shareholders may also receive realized gains and returns of capital, which could ultimately affect the net asset value (NAV) per share.
Understanding Distribution Components
When a distribution includes a return of capital, it can lead to a decline in the NAV of each share. In line with regulatory compliance, the Fund will notify shareholders about any distributions that do not consist solely of net investment income, providing details that help educate investors about the financial aspects of their holdings.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a private, independent investment manager that is completely employee-owned. With over 2,800 employees across 26 countries, the firm has built a reputation for managing a diverse range of assets, currently overseeing approximately $538 billion. Their investment approach emphasizes active management, fundamental research, and engaged ownership, reflecting a commitment to long-term value creation.
A Leader in Money Management
The firm has consistently been recognized for its workplace environment, being named one of the top places to work in the money management sector for over a decade. This demonstrates not only their dedication to investment excellence but also to maintaining an exceptional workplace culture.
Investor Information and Contact
For investors looking to learn more about the Neuberger Berman Municipal Fund or Neuberger Berman's various investment strategies, they can visit the official website. For direct inquiries, investors are encouraged to reach out to Neuberger Berman Investment Advisers LLC at the provided contact information.
Contact Information
Investor Information:
Neuberger Berman Investment Advisers LLC
(877) 461-1899
Frequently Asked Questions
What is the announced distribution amount for NBH?
The announced distribution amount for Neuberger Berman Municipal Fund (NBH) is $0.05417 per share of common stock.
When will the distribution be paid?
The distribution is set to be paid on the designated payment date specified in the announcement.
What advantages does Neuberger Berman offer to investors?
Neuberger Berman prioritizes active management and fundamental research, aiming for a long-term creation of value and providing income that is exempt from regular federal income tax.
How long has Neuberger Berman been in operation?
Neuberger Berman has been in the investment management business since 1939.
How can investors contact Neuberger Berman for more information?
Investors can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for any inquiries regarding their funds and investments.
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