Welcome to our dedicated page for Neuberger Berman Municipal SEC filings (Ticker: NBH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. As a registered investment company, NBH provides detailed information about its operations, portfolio and risks through filings with the U.S. Securities and Exchange Commission (SEC). These filings complement the fund’s press releases about distributions and corporate actions.
In its public communications, NBH explains that its distributions may consist of net investment income, realized capital gains and return of capital, and that some distributions may be subject to the federal alternative minimum tax for certain stockholders. It also notes that, in compliance with Section 19 of the Investment Company Act of 1940, it issues notices for any distribution that does not consist solely of net investment income, describing estimated portions of income, gains and return of capital. SEC reports provide the broader regulatory context for these practices, including discussions of investment objectives, policies, fees, portfolio holdings and risk factors.
On this page, NBH’s SEC filings can be reviewed alongside AI-powered tools that summarize and interpret key disclosures. While specific forms are not listed in the provided information, registered closed-end funds typically file periodic and current reports that discuss performance, market conditions, portfolio composition and material events. AI summaries can help readers identify sections that describe how the fund seeks tax-exempt income from municipal securities, how distributions are characterized for regulatory purposes, and what risks and uncertainties the fund highlights in its forward-looking statements.
For investors examining NBH, access to these filings with explanatory AI insights can clarify how the fund’s stated objective of providing income exempt from regular federal income tax is implemented within the framework of the Investment Company Act of 1940, and how the fund’s manager, Neuberger Berman Investment Advisers LLC, presents its approach, risk disclosures and governance information in official regulatory documents.
Neuberger Municipal Fund Inc. (NBH) reports fiscal-year 2025 results showing modest gains but benchmark underperformance. For the 12 months ended October 31, 2025, the Fund returned 2.24% on a net asset value (NAV) basis and 1.33% at market price, versus 5.72% for the Bloomberg 10-Year Municipal Bond Index. Net investment income applicable to common stockholders was $14.7 million, or $0.50 per share, while realized and unrealized losses on investments reduced total return.
The Fund paid $0.65 per common share in distributions during the year, including $0.15 per share classified as tax return of capital. Net assets applicable to common stockholders declined from $352.3 million to $337.8 million, with year-end NAV of $11.41 and market price of $10.31. The portfolio is heavily invested in municipal notes across many states, with significant exposure to New York, California, Texas, Wisconsin and Illinois, and continues to employ leverage via $227.9 million of Variable Rate Municipal Term Preferred Shares.
The filing Amendment No. 6 to Schedule 13D reports that Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein together beneficially own 1,463,030 common shares of Neuberger Berman Municipal Fund Inc., representing 4.94% of the 29,618,059 shares outstanding used for calculation. The amendment updates Items 3, 5 and 7 and states the transactions disclosed were effected in the open market and are set forth in Schedule A.
Funds for the purchases came from subscription proceeds, capital appreciation and margin borrowings, and the filing reports approximately $13,688,160 was paid to acquire the reported shares. Item 4 is marked Not Applicable, no contracts or arrangements are disclosed, and the reporting persons have the right to receive dividends and sale proceeds from the shares.
Saba Capital Management, L.P., its GP and founder Boaz R. Weinstein filed Amendment No. 5 to Schedule 13D on Neuberger Berman Municipal Fund Inc. (NYSE: NBH). As of 31 Jul 2025 the reporting persons beneficially own 1,602,250 common shares, equal to 5.41 % of the fund’s 29.6 M shares outstanding. All voting and dispositive power is shared; none is held solely.
The position was accumulated for roughly $14.99 million, funded by investor capital and ordinary-course margin borrowings. The filing amends Items 3, 5 and 7 to update source of funds, ownership data and transaction detail (full trade list in Exhibit 3, Schedule A). No criminal or civil proceedings involve the filers, and there are no sole economic beneficiaries beyond the advised funds and accounts.
Event date triggering the amendment is 31 Jul 2025; the statement was signed on 4 Aug 2025 by General Counsel Michael D’Angelo. Crossing the 5 % threshold obligates public disclosure and may position Saba—known for closed-end fund activism—to engage with NBH’s board regarding discount management or other value-enhancing actions.
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