Neuberger Berman Municipal Fund Inc. has announced a decrease in its monthly distribution rate. The Fund decreased its monthly distribution rate to $0.05025 per share of common stock from the prior monthly distribution rate of $0.06244 per share. The Fund has also declared its next monthly distribution at the new rate, which is payable on May 16, 2022, has a record date of April 29, 2022 and an ex-date of April 28, 2022.

The new monthly distribution rate of $0.05025 per share represents an annualized distribution per share of $0.6030 versus the prior annualized amount of $0.74928 and results in a distribution rate of approximately 4.66% and 4.94%, of the Fund's net asset value and market price, respectively, as of April 18, 2022.