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NEUBERGER BERMAN NEW YORK MUNICIPAL FUND (NEUBERGER BERMAN NEW YORK MUNICIPAL FUND) Retained Earnings : $-13.24 Mil (As of Apr. 2023)


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What is NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's retained earnings for the quarter that ended in Apr. 2023 was $-13.24 Mil.

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's quarterly retained earnings declined from Apr. 2022 ($-9.45 Mil) to Oct. 2022 ($-17.87 Mil) but then increased from Oct. 2022 ($-17.87 Mil) to Apr. 2023 ($-13.24 Mil).

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's annual retained earnings increased from Oct. 2020 ($-0.62 Mil) to Oct. 2021 ($0.52 Mil) but then declined from Oct. 2021 ($0.52 Mil) to Oct. 2022 ($-17.87 Mil).


NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Retained Earnings Historical Data

The historical data trend for NEUBERGER BERMAN NEW YORK MUNICIPAL FUND's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Retained Earnings Chart

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.03 1.05 -0.62 0.52 -17.87

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.89 0.52 -9.45 -17.87 -13.24

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


NEUBERGER BERMAN NEW YORK MUNICIPAL FUND  (AMEX:NBO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


NEUBERGER BERMAN NEW YORK MUNICIPAL FUND (NEUBERGER BERMAN NEW YORK MUNICIPAL FUND) Business Description

Traded in Other Exchanges
N/A
Address
c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
NEUBERGER BERMAN NEW YORK MUNICIPAL FUND INC. is a non-diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income exempt from federal income tax.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Bradley Tank other: CEO of Affil. of Inv. Mgr. C/O LEHMAN BROTHERS ASSET MANAGEMENT, 190 SOUTH LASALLE STREET, CHICAGO IL 60603-3421
Stephen Blake Miller other: Portfolio Manager C/O NEUBERGER BERMAN LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
James Iselin other: Portfolio Manager C/O NEUBERGER BERMAN, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Faith Colish other: Retired Director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Michael J. Cosgrove director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Brian Patrick Kerrane officer: Chief Operating Officer C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255

NEUBERGER BERMAN NEW YORK MUNICIPAL FUND (NEUBERGER BERMAN NEW YORK MUNICIPAL FUND) Headlines

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