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.
On November 11, 2022, Neuberger Berman Municipal Fund (NYSE: NBH), California Municipal Fund (NYSE: NBW), and New York Municipal Fund (NYSE: NBO) announced a partial redemption of Variable Rate Municipal Term Preferred Shares (VMTP Shares). The redemption price was set at $100,000 per share plus final accumulated distributions. The Municipal Fund redeemed 200 VMTP Shares, leaving 1,457 outstanding; the California Fund redeemed 55, leaving 457 outstanding, while the New York Fund redeemed 55, leaving 365 outstanding. The Funds have not registered VMTP Shares under the Securities Act.
On August 15, 2022, Neuberger Berman Municipal Fund (NYSE: NBH), Neuberger Berman California Municipal Fund (NYSE: NBW), and Neuberger Berman New York Municipal Fund (NYSE: NBO) announced a partial redemption of their Variable Rate Municipal Term Preferred Shares (VMTP Shares). The funds redeemed 47 VMTP Shares (NBH), 38 (NBW), and 43 (NBO) at a liquidation preference of $100,000 each, plus accrued distributions. Currently, 1,657 VMTP Shares remain in NBH, 512 in NBW, and 420 in NBO. The funds have not registered the VMTP Shares under the Securities Act, limiting their sale in the U.S.
