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Neuberger Berman Municipal Fund Announces Monthly Distribution

The Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) has made an important announcement regarding its monthly distribution. The fund declared a distribution of $0.05417 per share of common stock, an effort that illustrates its ongoing commitment to delivering value to its shareholders. This distribution is set to be paid on March 17, 2025, with the record date for eligibility being February 28, 2025. Notably, the ex-dividend date, which is crucial for shareholders to be aware of, is also marked for February 28, 2025.

Tax Exemption and Distribution Composition

One of the key attractions of the Neuberger Berman Municipal Fund is its objective to provide income that is exempt from regular federal income tax. However, shareholders should remain cognizant that distributions might be subject to the federal alternative minimum tax for certain stockholders. The fund may derive its distributions from various sources, including net investment income, realized capital gains, and potentially, a return of capital.

In instances where the fund distributes more than its net investment income during a yearly period, shareholders may receive funds that also include realized gains and/or a return of capital. Importantly, should a distribution include a return of capital, it may influence the net asset value (NAV) per share, potentially leading to a decline. Moreover, an investor's cost basis could be adjusted downward due to such distributions.

Disclosure Requirements

To adhere to regulations set forth under the Investment Company Act of 1940, shareholders will receive an informational notice for distributions that do not consist solely of net investment income. This notice, while not intended for tax reporting purposes, will provide essential details such as the estimated portions of the distribution, alongside their characteristics related to net investment income, capital gains, and return of capital. Ultimately, the final determination of the sources and tax characteristics for all distributions made in 2025 will take place after the year concludes.

A Brief Overview of Neuberger Berman

Founded in 1939, Neuberger Berman is an employee-owned, private, and independent investment management firm with roots deeply embedded in investment excellence. The firm boasts a formidable presence with over 2,800 employees operating across 26 countries. It manages a colossal $508 billion in assets, encompassing a diverse range of equities, fixed income, private equity, real estate, and hedge fund portfolios for a wide array of global institutions, advisors, and individuals.

The investment philosophy of Neuberger Berman prioritizes active management, grounded in fundamental research and a culture of engaged ownership. Its leadership in stewardship and sustainable investing is well-recognized, evidenced by accolades from the Principles for Responsible Investment (PRI), which lauds the firm's consistent above-median results in reporting assessments. Additionally, Pensions & Investments has ranked Neuberger Berman among the top two positions for the Best Place to Work in Money Management in each of the last decade, considering firms with more than 1,000 employees.

Looking Ahead

It is essential for shareholders and prospective investors to remain aware of the risks and uncertainties that accompany forward-looking statements, as noted in the fund's announcements. These may include the impact of fluctuations in the securities markets, general economic downturns, competition, and regulatory changes. Thus, stakeholders are encouraged to stay informed and consult with financial advisors as needed.

For more information about the Neuberger Berman Municipal Fund and its latest announcements, please visit www.nb.com.