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Neuberger Berman Municipal Fund Monthly Distribution Announcement

On November 17, 2025, Neuberger Berman Municipal Fund Inc. (listed on NYSE American under the symbol NBH) officially declared its monthly distribution for shareholders. The announced distribution is set at $0.05417 per share of common stock. This distribution is significant as it aims to provide income that is exempt from regular federal income taxation for shareholders, a benefit that is appealing to many investors seeking tax efficiency in their portfolios.

This distribution will be paid on December 15, 2025, with a record date of November 28, 2025, which means that shareholders must be on record as owners of the stock by that date to receive the distribution. Importantly, the ex-dividend date, which marks the cutoff for new investors to qualify for the upcoming distribution, is also set for November 28, 2025.

The nature of distributions from the Fund may vary, including net investment income, realized capital gains, and even a return of capital. In cases where the Fund distributes more than what it earns from net investment income, shareholders should note that dividends may additionally include realized gains and/or capital returns. This is essential for investors to keep in mind as it can potentially impact the net asset value (NAV) per share. When part of a distribution is classified as a return of capital, it may lead to a decrease in the NAV, thus affecting the cost basis of their shares.

In compliance with regulations laid out in Section 19 of the Investment Company Act of 1940, Neuberger Berman will provide a notice for any distribution that contains returns of capital, which is not solely derived from net investment income. Such notifications are provided for informational purposes rather than tax reporting, detailing estimated portions of distributions consisting of various components like net income, gains, and returns of capital. As of now, the final assessment of distribution sources and tax implications for 2025 will only be determined after the year’s end, underscoring the importance of maintaining records of these distributions.

About Neuberger Berman

Neuberger Berman has a long-standing reputation in investment management that started back in 1939. The firm operates as a private, employee-owned investment manager, maintaining over 2,900 personnel across 26 countries. Neuberger Berman boasts an impressive portfolio that manages approximately $558 billion in equities, fixed income, private equity, real estate, and hedge fund assets for global institutions, advisors, and individual investors. Their investment philosophy emphasizes active management, thorough fundamental research, and engaged ownership to optimize asset performance.

Recognized as a leader in workplace culture, Neuberger Berman earned the title of the #1 Best Place to Work in Money Management from Pensions & Investments, consistently ranking within the top two positions for the last eleven years among firms with more than a thousand employees. To learn more about the firm and its services, interested parties can visit Neuberger Berman's website for further insights, including information on accolades received by the firm.

Market Considerations

While the distribution announcement provides clarity to investors, it's important to note that various risks might affect the fund's performance. Uncertainties such as fluctuations in financial markets, economic downturns, competition from other investment companies, government policy changes, and other unforeseen operational challenges could impact future distributions and overall fund management. These factors make it essential for current and prospective investors to remain informed and engaged in understanding how external conditions might affect their investments within the fund.

In summary, the monthly distribution announcement by Neuberger Berman Municipal Fund Inc. signifies an ongoing commitment to provide value to shareholders, coupled with potential tax benefits. As always, investors are encouraged to consider individual financial situations and consult with a financial advisor when evaluating the implications of such distributions.