Neuberger Berman Municipal Fund Declares Monthly Distribution for Investors
On May 15, 2025, Neuberger Berman Municipal Fund Inc. (Ticker: NBH) shared important news regarding its financial distributions. The investment fund declared a monthly distribution of $0.05417 for each common share. This payment is a significant indicator of the Fund's ongoing commitment to providing reliable income streams to its investors, primarily focused on generating income that is exempt from regular federal income tax.
The key details of this distribution are as follows: it is scheduled to be payable on June 16, 2025, with the record date set for May 30, 2025. Notably, the ex-dividend date is the same as the record date, which means shareholders must hold the share in their account before the market closes on that date to be eligible for this distribution.
The nature of the distributions typically includes net investment income, realized capital gains, and possibly a return of capital. It's important for investors to understand that if the Fund distributes more than its net investment income within any given year, portions of the distributions may also reflect realized gains or return of capital, which can impact the net asset value (NAV) per share. A portion classified as a return of capital may lead to a decrease in the investor's cost basis for their shares. This situation necessitates vigilance from shareholders as such distributions can influence tax liabilities.
Neuberger Berman intends to abide by the rules set forth in the Investment Company Act of 1940, Section 19, which demands transparency in its distributions, especially if the payouts consist of more than just net investment income. Shareholders will be provided with a notice that details the distribution components, including estimated amounts derived from net investment income, capital gains, and any return of capital parts. Yet, the final insights into the source of these distributions and their respective tax characteristics will only be confirmed after the conclusion of the fiscal year.
Founded in 1939, Neuberger Berman is known for its expertise as an employee-owned, independent investment management firm with a global presence. Currently, the firm boasts over $515 billion in managed assets that include equities, fixed income, private equity, real estate, and hedge funds for various clients, including institutions and individual investors. With a workforce exceeding 2,800 employees across 26 countries, Neuberger Berman has established a reputation for outstanding active management practices, fundamental research, and responsible ownership. Over the past eleven years, it has consistently ranked as one of the top workplaces in money management by Pensions & Investments for firms employing more than 1,000 individuals.
For those looking to invest wisely, keeping track of such distributions and the underlying performance of the municipal fund will be vital. With the fluctuating market conditions, Neuberger Berman offers an investment avenue that promises potential tax-exempt income while also ensuring financial transparency and accountability towards its stakeholders. For detailed and updated information, interested parties can visit their official website at www.nb.com.
The key details of this distribution are as follows: it is scheduled to be payable on June 16, 2025, with the record date set for May 30, 2025. Notably, the ex-dividend date is the same as the record date, which means shareholders must hold the share in their account before the market closes on that date to be eligible for this distribution.
The nature of the distributions typically includes net investment income, realized capital gains, and possibly a return of capital. It's important for investors to understand that if the Fund distributes more than its net investment income within any given year, portions of the distributions may also reflect realized gains or return of capital, which can impact the net asset value (NAV) per share. A portion classified as a return of capital may lead to a decrease in the investor's cost basis for their shares. This situation necessitates vigilance from shareholders as such distributions can influence tax liabilities.
Neuberger Berman intends to abide by the rules set forth in the Investment Company Act of 1940, Section 19, which demands transparency in its distributions, especially if the payouts consist of more than just net investment income. Shareholders will be provided with a notice that details the distribution components, including estimated amounts derived from net investment income, capital gains, and any return of capital parts. Yet, the final insights into the source of these distributions and their respective tax characteristics will only be confirmed after the conclusion of the fiscal year.
Founded in 1939, Neuberger Berman is known for its expertise as an employee-owned, independent investment management firm with a global presence. Currently, the firm boasts over $515 billion in managed assets that include equities, fixed income, private equity, real estate, and hedge funds for various clients, including institutions and individual investors. With a workforce exceeding 2,800 employees across 26 countries, Neuberger Berman has established a reputation for outstanding active management practices, fundamental research, and responsible ownership. Over the past eleven years, it has consistently ranked as one of the top workplaces in money management by Pensions & Investments for firms employing more than 1,000 individuals.
For those looking to invest wisely, keeping track of such distributions and the underlying performance of the municipal fund will be vital. With the fluctuating market conditions, Neuberger Berman offers an investment avenue that promises potential tax-exempt income while also ensuring financial transparency and accountability towards its stakeholders. For detailed and updated information, interested parties can visit their official website at www.nb.com.
Topics Financial Services & Investing）
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