2023 /PRNewswire/ -- The Board of each of 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) has
declared monthly distributions for the dates below. 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 April 17, 2023, has a record date of March 31, 2023 and an ex-date of March 30, 2023.
The Funds will make the distributions described
above in the following per share amounts:
Municipal Fund Inc.
California Municipal Fund Inc.
Neuberger Berman New
York Municipal Fund Inc.
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 2023 will be made after the end of the
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 26 countries, Neuberger Berman's diverse
team has over 2,600 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). Neuberger Berman is a PRI
Leader, a designation, since last assessed, that was awarded to
fewer than 1% of investment firms for excellence in Environmental,
Social and Governance (ESG) practices. In the 2021 PRI Assessment,
the firm obtained the highest possible scoring for its
overarching approach to ESG investment and stewardship, and
integration across asset classes. The firm manages $427 billion in client assets as of December 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
Neuberger Berman Investment
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