NEW YORK, Sept. 15, 2017 /PRNewswire/ -- The Boards of the
three Neuberger Berman Closed-End Intermediate Municipal Funds have
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 Intermediate Municipal
Fund Inc. seeks to provide income that is exempt from California personal income tax and Neuberger
Berman New York Intermediate 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 October 16, 2017, has a record date of
September 29, 2017 and an ex-date of
September 28, 2017.
The Funds will make the distributions described above in the
following per share amounts:
|
NBH
|
Neuberger Berman
Intermediate Municipal Fund Inc.
|
$0.0675
|
|
NBW
|
Neuberger Berman
California Intermediate Municipal Fund Inc.
|
$0.0512
|
|
NBO
|
Neuberger Berman New
York Intermediate Municipal Fund Inc.
|
$0.0437
|
In compliance with Section 19 of the Investment Company Act of
1940, as amended, a notice would accompany any distribution that
does not consist solely of net investment income. This notice would
be for informational 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.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages equities, fixed
income, private equity and hedge fund portfolios for institutions
and advisors worldwide. With offices in 19 countries, Neuberger
Berman's team is approximately 1,900 professionals, as of
June 30, 2017. The company was named
the #1 firm in Pensions & Investments 2016 Best Places
to Work in Money Management survey (among those with 1,000
employees or more). Tenured, stable and long-term in focus, the
firm fosters an investment culture of fundamental research and
independent thinking. It manages $271
billion in client assets as of June
30, 2017. 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