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Neuberger Berman New York Municipal Fund Inc.
Ticker Symbol: NBO CUSIP: 64124K102 Exchange: AMEX
FUND DESCRIPTION: Neuberger Berman New York Municipal Fund Inc., formerly Neuberger Berman New York Intermediate Municipal Fund Inc., is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's investment objective is to provide common stockholders a high level of current income exempt from federal income tax and New York State and New York City personal income taxes. FUND STRATEGY: The Fund normally invests substantially all (at least 90%) of its total assets in municipal bonds with remaining maturities of less than 15 years that pay interest that, in the opinion of bond counsel to the issuer (or on the basis of other authority believed by the Fund's investment manager to be reliable), is exempt from federal income tax and New York State and New York City personal income taxes. The Fund's policy is to invest, under normal market conditions, at least 80% of its total assets in municipal bonds with remaining maturities of less than 15 years. The Fund seeks to maintain a dollar-weighted average duration between three and eight years. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal bonds that, at the time of investment, are rated in the four highest categories by a nationally recognized statistical rating organization or are unrated, but judged to be of comparable quality by the Fund's investment manager. FUND MANAGEMENT: Neuberger Berman Management Inc., a Lehman Brothers Co. (NYSE: LEH), is the Fund's Investment adviser and administrator.
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IPO - 9/25/2002 - 5.15 Million Shares @ $15.00/share.
Link to IPO Prospectus
Previous Name: Neuberger Berman New York Intermediate Municipal Fund Changed: 8/31/2018
Micro Cap Stock -
Market Value $63.1 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 605 Third Avenue, 36th Floor, New York, NY 10158 |
| Main Phone Number |
212-476-8800 |
| Fax Number |
Not Available |
| Investor Contact
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877-628-2583
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| Toll Free Phone Number |
800-223-6448 |
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