Welcome to our dedicated page for Neuberger Berman CA Municipal news (Ticker: NBW), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman CA Municipal stock.
Neuberger Berman California Municipal Fund Inc. (NBW) provides investors tax-exempt income through strategic municipal bond investments. This page aggregates official updates and analysis on NBW's operations, financial developments, and market positioning.
Access timely information on strategic initiatives like the fund's recent reorganization under Neuberger Berman Municipal Fund Inc. (NBH), designed to enhance operational efficiency. Track updates on distribution announcements, regulatory compliance, and ESG integration aligned with the firm's PRI Leader status.
Key content includes earnings reports, portfolio strategy adjustments, and insights into California's municipal bond market. Investors benefit from consolidated access to NBW's tax-advantaged investment approach backed by Neuberger Berman's 83+ years of asset management expertise.
Bookmark this page for continuous updates on one of California's premier municipal bond funds, managed by an employee-owned firm overseeing $439 billion in assets. Check regularly for actionable insights supporting informed investment decisions in tax-sensitive portfolios.
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.
