Neuberger Berman Municipal Fund Announces Latest Distribution

Neuberger Berman Municipal Fund Declares Monthly Distribution

Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has recently made a significant announcement regarding its latest distribution. The Fund has declared a distribution of $0.05417 per share of common stock, which is an important update for shareholders looking to understand the income potential of their investments.

Understanding the Distribution Schedule

This distribution is indicative of the fund's commitment to providing income that is typically exempt from federal income tax. It is essential for investors to note that the distribution will be payable on February 18, 2025, following a record date set for January 31, 2025. Additionally, the ex-date is aligned with the record date, making it crucial for shareholders to be aware of these dates to ensure they receive their distributions.

Components of the Fund's Distribution

The nature of the distribution can vary, as it may include net investment income, realized capital gains, or a return of capital. Investors should understand that if the Fund distributes more than its net investment income in any given year, the extra distribution amounts could take the form of realized gains or return principal. There are implications for net asset value (NAV); specifically, any return of capital can lead to a decline in NAV and a reduction in the cost basis for investors. It is important for shareholders to regularly review these aspects to manage their tax implications effectively.

Compliance and Reporting for Distributions

In line with the requirements set forth in the Investment Company Act of 1940, the Fund must provide notice for any distribution that does not consist solely of net investment income. This notice serves informational purposes and will offer investors details about the estimated portions of the distribution that consist of different types of income, including net investment income, capital gains, and return of capital. This level of transparency is beneficial for investors seeking clarity regarding their earnings.

About Neuberger Berman

Neuberger Berman is known for its extensive experience in the investment sector, operating since 1939. The company stands out as an employee-owned and independent investment manager, boasting over 2,800 employees across 26 countries. The firm manages an impressive portfolio exceeding $508 billion, which encompasses equities, fixed income, private equity, real estate, and hedge funds.

Neuberger Berman's Investment Philosophy

The firm's investment approach is characterized by active management and a commitment to fundamental research. It emphasizes engaged ownership, which is critical in ensuring that the investments align with the interests of shareholders. Moreover, Neuberger Berman has been recognized for its excellence in environmental, social, and governance (ESG) practices, earning a position in the Leader's Group designation awarded to a small fraction of investment firms.

Recognitions and Employee Satisfaction

For over a decade, Neuberger Berman has been acknowledged by Pensions & Investments as one of the top places to work in the money management industry, particularly noted for its advantages for larger firms. This accomplishment underscores the firm's commitment to creating a positive workplace for its employees, ultimately benefiting clients through superior service.

Importance of Transparency in Financial Performance

Neuberger Berman's emphasis on transparency extends to its financial performance and strategies. Investors should remain informed about the risks and uncertainties associated with their investments. These may include market declines, economic downturns, and competition from other investment entities. Equally important is the necessity for the Fund to manage its growth effectively and navigate potential legal and regulatory challenges.

Contact Information

For further inquiries regarding the Fund or to gain additional insights into investment opportunities, investors can reach out to Neuberger Berman Investment Advisers LLC. They provide dedicated investor information services available at (877) 461-1899. Effective communication is vital for investors seeking to stay updated with their investment journey.

Frequently Asked Questions

What is the recent distribution amount announced by the Fund?

The Neuberger Berman Municipal Fund has announced a monthly distribution of $0.05417 per share.

When is the record date for the upcoming distribution?

The record date for the upcoming distribution is set for January 31, 2025.

What are the potential components of the Fund's distribution?

The distribution may consist of net investment income, realized capital gains, and a return of capital.

How can investors stay informed about the Fund's distributions?

Investors can stay updated by reviewing notices issued by the Fund that provide details about various components of distributions.

What recognition has Neuberger Berman received?

Neuberger Berman has been recognized as one of the best places to work in money management for over a decade, showcasing its commitment to employee satisfaction.

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