Closed-end management investment company that invests in municipal bonds.
Neuberger Berman Intermediate Municipal Fund Inc. operates as a closed-ended fixed income mutual fund under the management of Neuberger Berman LLC, with co-management by Neuberger Berman Management LLC. This fund specializes in investing in the fixed income markets within the United States, focusing primarily on municipal bonds. Municipal bonds held by the fund typically offer income exempt from federal income tax and have remaining maturities of less than 15 years. The fund strategically targets securities rated in the top four categories by nationally recognized statistical rating organizations, aiming to maintain a weighted average duration ranging from three to eight years.
Founded on July 29, 2002, Neuberger Berman Intermediate Municipal Fund Inc. is domiciled in the United States. Its investment strategy revolves around leveraging the tax-exempt nature of municipal bonds to provide attractive yields to investors seeking income with favorable tax treatment. By concentrating on high-quality municipal securities and managing duration within a specified range, the fund aims to balance income generation with prudent risk management, catering to the needs of investors looking for stability and tax-efficient returns within the fixed income space.
Managed by a reputable investment management firm known for its expertise in fixed income strategies, Neuberger Berman Intermediate Municipal Fund Inc. continues to uphold a commitment to delivering value through disciplined investment approaches and rigorous credit analysis. With a focus on maintaining a diversified portfolio of municipal bonds and adhering to stringent investment criteria, the fund seeks to navigate market fluctuations while striving to achieve consistent performance and income generation for its shareholders.