Welcome to our dedicated page for Neuberger Berman Municipal news (Ticker: NBH), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman Municipal stock.
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) is a closed-end management investment company that invests mainly in municipal securities and seeks to provide income exempt from regular federal income tax. The fund regularly issues press releases announcing monthly distribution declarations, detailing the per-share amount, payable date, record date and ex-date for its common stockholders.
News about NBH often focuses on its distribution policy and the tax characteristics of those distributions. The fund explains that each distribution may consist of net investment income, realized capital gains and return of capital. Its releases describe how, if distributions exceed net investment income during a yearly period, they may also include realized gains and/or a return of capital, which can affect net asset value per share and investor cost basis. NBH also highlights that some distributions may be subject to the federal alternative minimum tax for certain stockholders.
Another recurring theme in NBH news is regulatory disclosure around distributions. The fund notes that, in compliance with Section 19 of the Investment Company Act of 1940, it provides a notice for any distribution that does not consist solely of net investment income. These notices are described as informational and not for tax reporting, and they outline estimated portions of each distribution attributable to income, gains and return of capital, with final determinations made after year-end.
NBH-related news has also covered corporate actions and governance matters. One release discussed the expected closing of reorganizations in which Neuberger Berman California Municipal Fund Inc. and Neuberger Berman New York Municipal Fund Inc. were to be reorganized with and into NBH, including how the distribution at that time would apply to stockholders receiving newly issued NBH shares. A separate communication from Saba Capital Management, L.P., identifying itself as the largest shareholder of NBH and another Neuberger Berman fund, commented on shareholder voting standards and preliminary results at a joint annual meeting, providing additional context on governance debates around the fund.
This news page aggregates such items so readers can review NBH’s distribution declarations, tax-related notices, corporate actions involving other Neuberger Berman municipal funds, and external commentary on shareholder governance. Investors and observers can use this record to understand how the fund communicates its income objective, regulatory compliance and shareholder matters over time.
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be payable on May 15, 2025, with both record and ex-dates set for April 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 could include net investment income, realized capital gains, and return of capital. If distributions exceed net investment income, they may include realized gains and/or return of capital, potentially affecting NAV per share and investor cost basis.
Final determination of the distribution's tax characteristics for 2025 will be made at year-end, with notices provided for any distribution not solely consisting of net investment income, as per Section 19 of the Investment Company Act of 1940.
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be payable on April 15, 2025, with both record and ex-dates set for March 31, 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. The announced distribution and future ones may include net investment income, realized capital gains, and return of capital. If distributions exceed net investment income, they may include realized gains and/or capital return, potentially affecting NAV per share and investor cost basis.
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be payable on March 17, 2025, with a record date and ex-date of February 28, 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. Distributions can include net investment income, realized capital gains, and return of capital. When distributions exceed net investment income, they may include realized gains and/or return of capital, which could reduce NAV per share and investor cost basis.
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be payable on February 18, 2025, with both record date and ex-date set for January 31, 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. The announced distribution and future ones may include net investment income, realized capital gains, and return of capital. If distributions exceed net investment income, they may include realized gains and/or return of capital, which could reduce NAV per share and investor cost basis.
Neuberger Berman Municipal Fund (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. The distribution will be paid on January 15, 2025, with both record and ex-dates set for December 31, 2024.
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. Distributions can include net investment income, realized capital gains, and return of capital. The final determination of distribution sources and tax characteristics for 2025 will be made at year-end.
Neuberger Berman Municipal Fund has declared a monthly distribution of $0.05417 per share of common stock. The distribution is payable on December 16, 2024, with a record and ex-date of November 29, 2024. 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. Distributions can include net investment income, realized capital gains, and return of capital, which may affect NAV per share and investor cost basis.
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock. Key details include:
- Payable date: November 15, 2024
- Record date: October 31, 2024
- Ex-date: October 31, 2024
The Fund aims to provide income exempt from regular federal income tax. Distributions may be subject to federal alternative minimum tax for some stockholders. Future distributions could include net investment income, realized capital gains, and return of capital. The final determination of the distribution's tax characteristics will be made after the end of 2024.
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has declared a monthly distribution of $0.05417 per share of common stock, payable on October 15, 2024, with a record date and ex-date of September 30, 2024. 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.
Additionally, the Fund has extended the term of its existing Variable Rate Municipal Term Preferred Shares to December 14, 2029, from the previous term redemption date of December 15, 2024. These Preferred Shares are not registered under the Securities Act of 1933 or state securities laws, limiting their offer or sale in the United States.
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) and Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) have announced the certified results of their 2024 Annual Meetings of Stockholders. The meetings, held on August 16, 2024, reached quorum and faced a challenge from a dissident stockholder who proposed an alternative nominee. For NBH, preferred stockholders re-elected Michael M. Knetter. The final results, certified by independent Inspector of Election First Coast Results, Inc., confirm that the incumbent Board members of both funds will retain their positions. These results will be included in the funds' next annual report to stockholders.
Saba Capital Management, L.P., the largest shareholder of Neuberger Berman Municipal Fund (NBH) and Neuberger Berman Next Generation Connectivity Fund (NBXG), has criticized the 2024 Joint Annual Meeting election process. Despite shareholders overwhelmingly voting for Saba's director candidate, Paul Kazarian, Neuberger Berman's majority vote standard prevented his appointment. At NBXG, Kazarian received more than twice the votes of incumbent directors, even without Saba's votes.
Saba argues that Neuberger Berman's impossible-to-achieve vote standard allows underperforming directors to retain their positions indefinitely. The company is fighting against proposals by fund managers to eliminate shareholders' right to annual elections. Saba emphasizes the importance of protecting shareholder rights and ensuring their voices are heard in closed-end fund governance.