Mariner Investment Group LLC decreased its stake in shares of Neuberger Berman NY Intrmdt Mncpl Fd Inc (NYSE:NBO) by 33.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,427 shares of the company’s stock after selling 28,789 shares during the period. Neuberger Berman NY Intrmdt Mncpl Fd makes up about 0.4% of Mariner Investment Group LLC’s holdings, making the stock its 26th largest position. Mariner Investment Group LLC owned 1.11% of Neuberger Berman NY Intrmdt Mncpl Fd worth $719,000 at the end of the most recent reporting period.
Neuberger Berman NY Intrmdt Mncpl Fd Inc (NYSE NBO) opened at 12.87 on Friday. The company’s 50-day moving average is $12.84 and its 200 day moving average is $12.66. Neuberger Berman NY Intrmdt Mncpl Fd Inc has a 1-year low of $12.13 and a 1-year high of $14.68.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.0437 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 4.07%.
In related news, insider James Iselin acquired 2,500 shares of Neuberger Berman NY Intrmdt Mncpl Fd stock in a transaction on Thursday, June 1st. The stock was purchased at an average cost of $12.76 per share, with a total value of $31,900.00. Following the completion of the transaction, the insider now directly owns 2,600 shares in the company, valued at approximately $33,176. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Neuberger Berman NY Intrmdt Mncpl Fd Company Profile
Neuberger Berman New York Intermediate Municipal Fund Inc is a non-diversified, closed-end management investment company that invests primarily in municipal securities. The Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax and a high level of current income exempt from the New York and New York City personal income tax.
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