Funds and ETFs Neuberger Berman California Municipal Fund Inc.

Neuberger Berman California Municipal Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income exempt from federal income tax and California personal income tax. The Fund invests approximately 80% of its total assets (including proceeds from the issuance of any preferred stock and the proceeds of any borrowings for investment purposes) in securities of municipal issuers that provide interest income that is exempt from federal income tax and California personal income tax. The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds, and pre-refunded bonds. The Fund's portfolio of investments includes in states and territories, such as Alabama, California, District of Columbia, Georgia, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Michigan, Nevada, and New Mexico. Neuberger Berman Investment Advisers LLC is the investment manager of the Fund.