Welcome to our dedicated page for Neuberger Berman NY Municipal news (Ticker: NBO), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman NY Municipal stock.
Neuberger Berman New York Municipal Fund, Inc. (NBO) provides investors with tax-exempt income through strategic investments in New York municipal bonds. This news hub offers essential updates on fund operations, strategic developments, and market positioning under Neuberger Berman's active management.
Access authoritative information on NBO's merger with affiliated funds, quarterly distributions, and portfolio management strategies. Our curated news collection helps stakeholders track regulatory updates, tax advantage preservation efforts, and the fund’s alignment with Neuberger Berman’s ESG principles.
Key updates include organizational restructuring outcomes, income distribution patterns, and analyses of municipal bond market trends. Bookmark this page for streamlined access to press releases and objective reporting about NBO’s performance in the tax-exempt securities space.
Neuberger Berman Municipal Fund (NBH), California Municipal Fund (NBW), and New York Municipal Fund (NBO) have announced decreases in their monthly distribution rates, effective February 2023. NBH's distribution drops to $0.03774 from $0.05025, NBW to $0.0254 from $0.04480, and NBO to $0.024233 from $0.03933. These changes reflect current municipal market yields, leverage costs, and undistributed net investment income. The new annualized distributions are $0.45288 for NBH, $0.3048 for NBW, and $0.290796 for NBO, with payout dates set for March 15, 2023. The Funds aim to provide income exempt from federal and local taxes.
