NEUBERGER BERMAN CLOSED-END MUNICIPAL FUNDS ANNOUNCE PROPOSED REORGANIZATIONS

NEW YORK, April 3, 2023 /PRNewswire/ -- The Boards of Directors (the "Boards") of Neuberger Berman Municipal Fund Inc. (NYSEAmerican:NBH), Neuberger Berman California Municipal Fund Inc. (NYSEAmerican:NBW), and Neuberger Berman New York Municipal Fund Inc. (NYSEAmerican:NBO) (each a "Fund" and collectively, the "Funds") have approved proposals to reorganize each of NBW and NBO into NBH.  The proposed reorganizations for the Funds are subject to certain conditions, including necessary approval by each Fund's stockholders. The Funds expect to hold a Special Meeting of Stockholders to consider approval of the reorganization proposals on or about June 29, 2023.