Neuberger Berman Closed-End Municipal Funds Announce Monthly Distributions

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Neuberger Berman Investment Advisers LLC
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(877) 461-1899

New York, NY, September 17, 2018 — The Board of each of Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) (formerly Neuberger Berman Intermediate Municipal Fund Inc.), Neuberger Berman California Municipal Fund Inc. (NYSE American: NBW) (formerly Neuberger Berman California Intermediate Municipal Fund Inc.), and Neuberger Berman New York Municipal Fund Inc. (NYSE American: NBO) (formerly Neuberger Berman New York Intermediate Municipal Fund Inc.) 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 October 15, 2018, has a record date of September 28, 2018 and an ex-date of September 27, 2018.

The Funds will make the distributions described above in the following per-share amounts:

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 a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 20 countries, Neuberger Berman’s team is more than 2,000 professionals. For four 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). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $304 billion in client assets as of June 30, 2018. For more information, please visit our website at www.nb.com.