UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [X] | ||
Filed by a Party other than the Registrant [ ] | ||
Check the appropriate box: | ||
[ ] | Preliminary Proxy Statement | |
[ ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
[ ] | Definitive Proxy Statement | |
[X] | Definitive Additional Materials | |
[ ] | Soliciting Material Pursuant to §240.14a-12 |
Neuberger Berman Municipal Fund Inc.
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(Name of Registrant as Specified In Its Charter) | ||
(Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
Payment of Filing Fee (Check the appropriate box): | ||||
[X] | No fee required. | |||
[ ] | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |||
1) | Title of each class of securities to which transaction applies: | |||
2) | Aggregate number of securities to which transaction applies: | |||
3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |||
4) | Proposed maximum aggregate value of transaction: | |||
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[ ] | Fee paid previously with preliminary materials. | |||
[ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||
1) | Amount Previously Paid: | |||
2) | Form, Schedule or Registration Statement No.: | |||
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4) | Date Filed: | |||
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Your vote is important, no matter how
many shares you own. Every vote is important. We urge you to support your Fund’s nominees who are focused on the best interest of ALL
stockholders and dedicated to enhancing the value of your investment.
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Saba Capital Master Fund Ltd., a hedge fund managed by Saba Capital Management, L.P. (together, “Saba”), has submitted a nominee for
election as a director on your Fund’s Board.
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Saba is an opportunistic hedge fund manager focused only on its own interests and not the interests of all stockholders.
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Your Fund’s Board believes that Saba seeks to disrupt the experienced and reliable oversight provided by your Fund’s Board for its
own gain and does not care about impairing your Fund and limiting its long-term investment potential.
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Your Fund’s Board believes that if Saba’s nominee is elected, he will harm the Fund and may hinder its ability to generate
competitive investment returns in the future.
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Unlike prior years, stockholders may receive multiple proxy cards this year. It is important that you vote and return all WHITE proxy cards and DO NOT return any GOLD proxy card(s) sent by Saba.
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A highly regarded attorney that served as the Executive Vice President and General Counsel of Fidelity Investments, among other
distinguished roles.
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Serves as the Chair of the Fund’s Ethics and Compliance Committee.
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A tenured financial services professional that has held multiple senior executive positions, including with a major insurance
company (Prudential) and consulting firm (Booz Allen).
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Serves as the Chair of the Fund’s Governance and Nominating Committee and Vice Chair of the Fund’s Audit Committee and Audit
Committee Financial Expert.
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approving certain discount mitigation measures, such as individual tender offers or tender option programs where a fund would
conduct a tender offer if its market price traded at a certain discount level compared to its NAV;
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managing the funds’ distribution rates and making changes in distribution rates, when necessary;
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approving fund mergers;
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actively managing leverage structures to best position funds to maintain levered exposure at a reasonable cost; and
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making changes to funds’ investment strategies when they believe a different strategy would enhance investor return potential
without undue risk.
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