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Neuberger Berman Municipal Fund Declares Monthly Distribution

On April 15, 2025, Neuberger Berman Municipal Fund Inc. (listed as NBH on the NYSE American) made public its latest distribution declaration. Shareholders will receive a payment of $0.05417 per common share, showcasing the Fund's ongoing commitment to providing income streams, particularly those exempt from regular federal income tax.

Details of the Distribution

The distribution is set to be payable on May 15, 2025, with the record date being April 30, 2025, which also marks the ex-date. Investors should be aware that while the Fund aims to deliver tax-exempt income, distributions may still be subject to the federal alternative minimum tax, depending on individual circumstances.

The announced distribution could include various components. This might consist of net investment income, realized capital gains, or even returns of capital. Importantly, if the Fund’s distributions surpass its net investment income on a yearly basis, some components may reflect realized gains or a return of capital. Consequently, if there are returns of capital in the distribution, this can lead to a reduction in the Net Asset Value (NAV) per share, which, in turn, affects the cost basis for investors in those shares.

Regulatory Compliance

In accordance with the Investment Company Act of 1940, specifically Section 19, a notice will be provided for any distributions that do not strictly comprise net investment income. This notice is purely for informational purposes and is not used for tax reporting. It will detail estimated portions of each distribution, clarifying what percentages involve net investment income, capital gains, and returns of capital. The Fund's final decision on the characteristics and sources of all distributions paid in 2025 will be completed by the end of the year.

About Neuberger Berman

Neuberger Berman stands as a perennial presence in the investment management landscape, being an employee-owned private firm founded in 1939. With over 2,800 employees globally and a significant footprint in 26 countries, the firm manages an impressive $515 billion in various asset classes, including equities, fixed income, real estate, and hedge funds.

Their investment strategy is deeply rooted in active management, compelling research, and the promotion of engaged ownership. Neuberger Berman has been recognized repeatedly for its excellence in sustainable investing, highlighted by their ranking from the PRI due to consistent above-median performance assessments. Moreover, the firm has maintained its reputation in workplace excellence, being recognized by Pensions & Investments as one of the top places to work in money management for the eleventh consecutive year, especially for firms with a workforce exceeding 1,000 employees. For more detailed information about Neuberger Berman, you can visit www.nb.com. The data listed reflects the status as of March 31, 2025.

Conclusion

The Neuberger Berman Municipal Fund's recent distribution announcement signals its ongoing efforts to provide value to its shareholders, particularly in the wake of a complex investment environment. As investors navigate their portfolios, understanding the implications of these distributions will be essential for maximizing potential tax benefits and overall investment performance.