Neuberger Berman Municipal Fund Announces Monthly Dividend
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has declared its latest monthly distribution, setting the value at $0.05417 per share of common stock. This distribution reflects the Fund's commitment to providing income that may be exempt from regular federal income tax, although some stockholders may find that distributions could be subject to federal alternative minimum tax.
Important Dates for Shareholders
This distribution is set to be payable shortly, with a record date established for the end of the month. The ex-date also aligns with the same date, marking the last day that shares can be purchased to qualify for the upcoming distribution. It's essential for shareholders to stay informed on these dates to ensure they receive their due dividends.
Understanding the Fund’s Distributions
The Fund's distributions may include a mix of several components, including net investment income, realized capital gains, and potential returns of capital. Should the Fund distribute more than its net investment income during any annual period, those distributions might also include realized gains and/or a return of capital. It's worth noting that should a distribution incorporate a return of capital, the net asset value (NAV) per share may decrease, affecting the investor's cost basis.
Navigation Through Tax Implications
In accordance with regulatory guidelines, any distribution not solely based on net investment income will be accompanied by a notice. This notice, designed solely for informational purposes rather than tax reporting, will detail the estimated proportions of the distribution related to net investment income, capital gains, and any return of capital. The final classification of all distributions for the year will be established post-year-end, clarifying their tax attributes.
About Neuberger Berman
Founded in 1939, Neuberger Berman operates as an employee-owned, independent investment manager located in numerous countries worldwide. The firm, which employs over 2,800 staff members across 26 nations, currently oversees approximately $509 billion in various asset classes. This impressive amount includes equities, fixed income, private equity, hedge funds, and real estate portfolios tailored for institutions, advisors, and individual investors.
Investment Philosophy and Recognition
The investment strategy employed by Neuberger Berman is firmly rooted in active management and thorough fundamental research, paired with engaged ownership. Their dedication to responsible investing has not gone unnoticed; the firm has been recognized as part of the Leader's Group by the PRI, a designation given to fewer than 1% of investment firms excelling in environmental, social, and governance practices. Additionally, for a decade now, Pensions & Investments has consistently named Neuberger Berman as one of the top firms to work with in the money management sector.
Connect with Neuberger Berman
For further insights into their offerings and investment strategies, interested individuals can reach out to Neuberger Berman Investment Advisers LLC. Their Investor Information line operates at (877) 461-1899, providing assistance and answering queries related to the Fund and its distributions.
Frequently Asked Questions
What is the monthly distribution amount announced?
The recent distribution amount declared by Neuberger Berman Municipal Fund Inc. is $0.05417 per share.
When will the distribution be paid?
The distribution is payable on November 15, 2024, following the established record date of October 31, 2024.
What type of income might the distributions consist of?
Distributions may include net investment income, realized capital gains, and a return of capital if applicable.
Will the distribution be taxed?
While the income may be exempt from federal income tax, certain distributions may still be subject to the federal alternative minimum tax.
How can I contact Neuberger Berman for more information?
Individuals can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for any inquiries related to the Fund.
