NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Municipal Fund Inc. (NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be paid on June 16, 2025, with a record and ex-date of May 30, 2025. The Fund aims to provide income exempt from regular federal income tax, though distributions may be subject to federal alternative minimum tax for some stockholders.

Future distributions may include net investment income, realized capital gains, and return of capital. The final determination of the distribution's tax characteristics for 2025 will be made at year-end.

Positive

• Monthly dividend provides regular income stream to shareholders
• Distribution maintains tax-advantaged municipal bond exposure

Negative

• Potential return of capital could reduce NAV and investor cost basis
• Distributions may be subject to alternative minimum tax for some investors

NEW YORK, May 15, 2025 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) (the "Fund") has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on June 16, 2025, has a record date of May 30, 2025, and has an ex-date of May 30, 2025. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.

The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor's cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025. 

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

 

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SOURCE Neuberger Berman

FAQ

What is the dividend amount for Neuberger Berman Municipal Fund (NBH) announced in May 2025?

Neuberger Berman Municipal Fund (NBH) announced a monthly distribution of $0.05417 per share of common stock.

When is the ex-dividend date for NBH's May 2025 distribution?

The ex-dividend date for NBH's distribution is May 30, 2025.

What is the payment date for NBH's May 2025 distribution?

The distribution payment date is June 16, 2025.

Are NBH fund distributions tax-exempt?

The Fund seeks to provide income exempt from regular federal income tax, but distributions may be subject to federal alternative minimum tax for some stockholders.

What types of distributions does NBH make to shareholders?

NBH distributions may consist of net investment income, realized capital gains, and return of capital. The final tax characteristics are determined at year-end.