#USA #New York #Dividend #Neuberger Berman #Municipal Fund

Neuberger Berman Municipal Fund Announces Monthly Distribution

On June 16, 2025, the Neuberger Berman Municipal Fund, trading as NBH on the NYSE American, officially declared a monthly distribution amounting to $0.05417 per share of its common stock. This announcement provides investors with details related to the fund's performance and payout schedules.

Key Details of the Distribution Announcement

The distribution is set to be payable on July 15, 2025, with a record date also programmed for June 30, 2025. Investors should note that the ex-date for this distribution falls on the same day, June 30, 2025, meaning that any investors not on record by this date will not receive the distribution payment for this month.

The fund primarily aims to provide income that is generally exempt from standard federal income tax, presenting a favorable opportunity for tax-conscious investors. However, it's important to highlight that some distributions could be liable for the federal alternative minimum tax for certain shareholders.

Structure of Future Distributions

The distribution declared may incorporate different elements, including net investment income, realized capital gains, and return of capital. Should the Fund distribute an amount that surpasses its net investment income during any fiscal year, these distributions could also include realized gains or a return of capital to shareholders. Such returns of capital may result in a decline in the share's net asset value (NAV) and could lead to a reduction in the investor's cost basis.

In adherence to Section 19 of the Investment Company Act of 1940, any distribution that does not solely comprise net investment income will come with a notification. This notice will not serve for tax reporting but will inform shareholders about the different components of the distribution, including estimated proportions allocated to net investment income, capital gains, and return of capital. The final classification of the total distributions paid in 2025 will be determined after the conclusion of the year.

About Neuberger Berman

Neuberger Berman is renowned as an independent, employee-owned investment manager established in 1939, currently boasting over 2,800 employees spread across 26 countries. The firm oversees an impressive portfolio valued at $515 billion, which spans equities, fixed income, private equity, real estate, and hedge fund investments tailored to global institutions, advisers, and individual clients. Neuberger Berman prides itself on its commitment to active management, rigorous research, and engaged ownership, earning recognition from Pensions & Investments as one of the leading workplaces in money management for eleven consecutive years among firms with over 1,000 employees.

For investors, such distributions represent a crucial mechanism to gauge the fund’s performance and understand the flow of income. By staying updated on such announcements, investors can make informed decisions aligned with their financial strategies.

Prospective and current investors are encouraged to follow the fund closely as future announcements could significantly impact their investment decisions and tax obligations. Detailed information can be accessed via their official website at www.nb.com, a resource for the latest updates and investment guidance.

Conclusion

In summary, the Neuberger Berman Municipal Fund has made a key announcement regarding its monthly distribution, emphasizing its potential tax-exempt income and implications for capital return. Keeping abreast of these developments is vital for investors aiming to optimize their portfolios. As always, investors should consider consulting with financial advisers to navigate the intricacies of investment portfolios effectively.