Neuberger Berman Municipal Fund Inc. (NBH) To Go Ex-Dividend on March 31st

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Monday, March 16th. Investors of record on Tuesday, March 31st will be given a dividend of 0.0542 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

Neuberger Berman Municipal Fund Trading Down 0.2%

NBH opened at $10.23 on Wednesday. The stock has a 50-day moving average of $10.42 and a 200 day moving average of $10.32. Neuberger Berman Municipal Fund has a 12 month low of $9.47 and a 12 month high of $10.64.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

A number of institutional investors and hedge funds have recently modified their holdings of NBH. Envestnet Asset Management Inc. raised its holdings in Neuberger Berman Municipal Fund by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 122,495 shares of the company’s stock valued at $1,204,000 after buying an additional 5,139 shares during the period. Advisors Asset Management Inc. boosted its stake in Neuberger Berman Municipal Fund by 28.4% during the second quarter. Advisors Asset Management Inc. now owns 461,695 shares of the company’s stock worth $4,538,000 after buying an additional 102,102 shares during the period. Invesco Ltd. increased its position in Neuberger Berman Municipal Fund by 131.6% during the second quarter. Invesco Ltd. now owns 97,936 shares of the company’s stock valued at $963,000 after acquiring an additional 55,646 shares during the last quarter. Guggenheim Capital LLC increased its position in Neuberger Berman Municipal Fund by 95.9% during the second quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock valued at $4,471,000 after acquiring an additional 222,668 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Neuberger Berman Municipal Fund by 6.1% in the second quarter. Raymond James Financial Inc. now owns 103,164 shares of the company’s stock valued at $1,014,000 after acquiring an additional 5,938 shares during the period.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.