NEW
YORK, May 3, 2022 /PRNewswire/ -- Neuberger
Berman Municipal Fund Inc. (NYSE American: NBH), Neuberger Berman
California Municipal Fund Inc. (NYSE American: NBW), and Neuberger
Berman New York Municipal Fund Inc. (NYSE American: NBO) have each
announced an early declaration of its regular monthly distribution
payable in June. The Funds seek to provide income that is exempt
from regular federal income tax. Additionally, Neuberger Berman
California Municipal Fund Inc. seeks to provide income that is
exempt from California personal
income tax and Neuberger Berman New York Municipal Fund Inc. seeks
to provide income that is exempt from New
York State and New York
City personal income tax. Distributions of the Funds may be
subject to the federal alternative minimum tax for some
stockholders. Each Fund's distribution announced today is payable
on June 15, 2022, has a record date
of May 31, 2022 and an ex-date of
May 27, 2022.
The Funds will make the distributions described above in the
following per share amounts:
NBH
|
Neuberger Berman
Municipal Fund Inc.
|
$0.05025
|
NBW
|
Neuberger Berman
California Municipal Fund Inc.
|
$0.04480
|
NBO
|
Neuberger Berman New
York Municipal Fund Inc.
|
$0.03933
|
In compliance with Section 19 of the Investment Company Act of
1940, as amended, a notice would be provided for any distribution
that does not consist solely of net investment income. The notice
would be for informational purposes and not for tax reporting
purposes, and would disclose, among other things, estimated
portions of the distribution, if any, consisting of net investment
income, capital gains and return of capital. The final
determination of the source and tax characteristics of all
distributions paid in 2022 will be made after the end of the
year.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds—on
behalf of institutions, advisors and individual investors globally.
With offices in 25 countries, Neuberger Berman's diverse team has
over 2,500 professionals. For eight consecutive years, the company
has been named first or second in Pensions & Investments Best
Places to Work in Money Management survey (among those with 1,000
employees or more). In 2020, the PRI named Neuberger Berman a
Leader, a designation awarded to fewer than 1% of investment firms
for excellence in Environmental, Social and Governance (ESG)
practices. The PRI also awarded Neuberger Berman an A+ in every
eligible category for our approach to ESG integration across asset
classes. The firm manages $447
billion in client assets as of March
31, 2022. For more information, please visit our website at
www.nb.com.
Statements made in this release that look forward in time
involve risks and uncertainties. Such risks and uncertainties
include, without limitation, the adverse effect from a decline in
the securities markets or a decline in the Fund's performance, a
general downturn in the economy, competition from other closed end
investment companies, changes in government policy or regulation,
inability of the Fund's investment adviser to attract or retain key
employees, inability of the Fund to implement its investment
strategy, inability of the Fund to manage rapid expansion and
unforeseen costs and other effects related to legal proceedings or
investigations of governmental and self-regulatory
organizations.
Contact:
Neuberger Berman Investment Advisers
LLC
Investor
Information
(877) 461-1899
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SOURCE Neuberger Berman