Neuberger Berman New York Municipal Fund, Inc. (NBO)
Neuberger Berman New York Municipal Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $8.48, up 0.12% on the session, giving a market capitalisation of $43.1M. On trailing twelve-month figures it carries a trailing P/E of -2.69, a net margin of 110.1%. Its beta of 0.42 implies it has historically moved less than the broad market.
The Neuberger Berman New York Municipal Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments. This entity was launched and is overseen by Neuberger Berman Management LLC, with additional management responsibilities held by Neuberger Berman LLC. Its investment strategy concentrates on the U.S. fixed income landscape, predominantly allocating assets to tax-exempt municipal bonds that have less than fifteen years remaining until maturity. The fund emphasizes high-grade securities, seeking those rated among the top four tiers by recognized statistical rating agencies. Its financial performance is measured against the Barclays 10-Year Municipal Bond Index. Established on September 24, 2002, and domiciled in the United States, it was previously known as the Neuberger Berman California Intermediate Municipal Fund Inc.
Neuberger Berman New York Municipal Fund, Inc. is most often compared with the following Financial Services names: