Neuberger Berman California Municipal Fund Inc. (NBW)
Neuberger Berman California 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 $9.49, up 0.11% on the session, giving a market capitalisation of $52.7M. On trailing twelve-month figures it carries a trailing P/E of -3.05, a net margin of 110.8%. Its beta of 0.30 implies it has historically moved less than the broad market.
The Neuberger Berman California Intermediate Municipal Fund Inc. is a closed-end mutual fund specializing in fixed income, primarily managed by Neuberger Berman LLC, with co-management from Neuberger Berman Management LLC. This fund focuses its investments within the U.S. fixed income markets, predominantly acquiring municipal bonds. These bonds offer the advantage of income exempt from both federal income tax and California state personal tax. The portfolio typically comprises securities with remaining maturities under 15 years, and the fund aims to maintain a weighted average duration between three and eight years. For credit quality, it exclusively invests in debt instruments rated within the four highest tiers by a nationally recognized statistical rating organization. Established on July 29, 2002, the fund is domiciled in the United States.
Neuberger Berman California Municipal Fund Inc. is most often compared with the following Financial Services names: