Neuberger Berman New York Municipal Fund, Inc.
NBO
New York Stock Exchange8.48
USD
+0.01
(+0.12%)
CIK
0001178841
ISIN
US64124K1025
CUSIP
64124K102
Return %
Stock
S&P500
1Y
-12.22
19.01
3Y
-29.51
65.48
5Y
-24.15
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Joseph Vincent Amato
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Avenue of the Americas New York City NY United States of America 10104
- IPO Date
- Sep 26, 2002
- CIK
- 0001178841
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman New York Municipal Fund, Inc. (NYSE American: NBO) is a non-diversified, closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax as well as New York State and New York City personal income taxes. The fund invests primarily in a diversified portfolio of tax-exempt municipal bonds issued by New York state and local governments and entities, including general obligation bonds, revenue bonds, pre-refunded bonds, and other municipal securities with remaining maturities generally less than 15 years; it benchmarks performance against the Bloomberg 10-Year Municipal Bond Index and may also hold securities from other states such as Alabama, Arizona, California, Colorado, Florida, Hawaii, Illinois, Iowa, Kentucky, and Minnesota. Managed by Neuberger Berman Investment Advisers LLC, with co-management by Neuberger Berman LLC, the fund is domiciled in the United States and operates within the fixed income markets targeting investors seeking tax-advantaged income from New York-focused municipal debt. Formed on September 24, 2002, and headquartered in New York alongside its parent firm Neuberger Berman Group LLC—founded in 1939—the fund serves institutional investors, high-net-worth individuals, and financial intermediaries through its listed shares traded on NYSE American. Geographically, its portfolio emphasizes New York municipal issuers while diversifying across U.S. states and territories to optimize yield and tax efficiency; it targets taxable investors resident in New York seeking federally tax-exempt and state/local tax-exempt income streams. In a major strategic reorganization completed on October 23, 2023, Neuberger Berman New York Municipal Fund, Inc. merged with and into Neuberger Berman Municipal Fund Inc. (NYSE American: NBH), alongside the contemporaneous merger of Neuberger Berman California Municipal Fund Inc. (NYSE American: NBW), streamlining operations under the surviving NBH entity while preserving the New York tax-exempt focus through dedicated investment strategies. The fund continues regular monthly distributions, which as of November 2025 may include net investment income, realized capital gains, and return of capital to sustain yields amid varying market conditions; recent portfolio performance reflects active management amid municipal bond market dynamics, with total returns influenced by interest rate environments and credit selections. No significant acquisitions, new product launches, or funding rounds have been reported for the entity post-reorganization, with ongoing emphasis on fixed income active management by Neuberger Berman's platform.