Saba Capital Comments on Shareholders’ Clear Mandate for Change at Neuberger Berman-Managed Closed-End Funds’ 2024 Joint Annual Meeting
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), the largest shareholder of the Neuberger Berman Municipal Fund (
NYSE: NBH) and the Neuberger Berman Next Generation Connectivity Fund (
NYSE: NBXG) (collectively, the “Funds”), today commented on the rigged election Neuberger Berman held at the Funds’ 2024 Joint Annual Meeting of Shareholders (the “Annual Meeting”).
ISS Supports Saba Capital’s Nominee at Neuberger Berman Municipal Fund and Neuberger Berman Next Generation Connectivity Fund
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), the largest shareholder of the Neuberger Berman Municipal Fund (
NYSE: NBH) and the Neuberger Berman Next Generation Connectivity Fund (
NYSE: NBXG) (collectively, the “Funds”), today announced that Institutional Shareholder Services Inc. (“ISS”) has recommended NBH and NBXG shareholders elect Saba’s director candidate, Paul Kazarian, to the Funds’ Boards of Directors (the “Boards”) at the 2024 Joint Annual Meeting of Shareholders.
