Three Neuberger Berman funds to redeem auction market preferred shares

By Tali Rackner

Norfolk, Va., June 25 – Neuberger Berman said three of its funds will redeem their auction market preferred shares, according to multiple Rule 23c-2 filings with the Securities and Exchange Commission.

The Neuberger Berman Intermediate Municipal Fund Inc. will redeem its series A and B auction market preferred shares on July 2.

The Neuberger Berman New York Intermediate Municipal Fund Inc. will redeem its series A shares on July 7 and series B shares on July 3.

The Neuberger Berman California Intermediate Municipal Fund Inc. will redeem its series A and B shares on July 1.

The shares will be redeemed at a liquidation preference of $25,000 per share

Neuberger Berman Group LLC is an asset management company based in New York.

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