Neuberger Berman Municipal Fund Inc (A:NBH)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1290 Avenue of the Americas NEW YORK NY 10104-0101 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Joseph V. Amato President, Chief Executive Officer, Director | Frank Rosato Assistant Treasurer | John M. Mcgovern Principal Financial and Accounting Officer, Treasurer |
| Brian Patrick Kerrane Chief Operating Officer, Vice President | Claudia A. Brandon Executive Vice President, Secretary | Savonne Lynn Ferguson Chief Compliance Officer |
| Agnes Diaz Vice President | Anthony Maltese Vice President | Owen F. Mcentee Vice President | Anthony Dibernardo Assistant Treasurer |
| Business Overview |
| Neuberger Berman Municipal Fund Inc. (the Fund) is a diversified, closed-end management investment company that invests primarily in municipal securities. The Fund's investment objective is to provide a high level of current income exempt from regular federal income tax. The Fund invests approximately 80% of total assets in municipal securities. Its investment portfolio in municipal bonds includes general obligation bonds, revenue bonds and pre-refunded bonds. Its investment portfolio by state and territory includes Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Illinois, Illinois, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Mississippi, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Puerto Rico and Texas. The Fund's investment manager is Neuberger Berman Investment Advisers LLC. |
| Financial Overview |
| For the six months ended 30 April 2023, Neuberger Berman Municipal Fund Inc revenues decreased 2% to $8.5M. Net income totaled $22.9M vs. loss of $34.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Unrealized G/L on Investment Securities increase from $40.4M (expense) to $18.5M (income), Transactions in investment securities of decrease of 78% to $80K (expense). |
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