As filed with the Securities and Exchange Commission on April 2, 2007
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21167
NEUBERGER BERMAN CALIFORNIA INTERMEDIATE MUNICIPAL FUND INC.
------------------------------------------------------------
(Exact Name of the Registrant as Specified in Charter)
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
(Address of Principal Executive Offices - Zip Code)
Registrant's telephone number, including area code: (212) 476-8800
Peter E. Sundman, Chief Executive Officer
Neuberger Berman California Intermediate Municipal Fund Inc.
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
Arthur Delibert, Esq.
Kirkpatrick & Lockhart Preston Gates Ellis LLP
1601 K Street, N.W.
Washington, D.C. 20006-1600
(Names and addresses of agents for service)
Date of fiscal year end: October 31, 2007
Date of reporting period: January 31, 2007
Form N-Q is to be used by management investment companies to file reports with
the Commission not later than 60 days after the close of their first and third
fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of
1940 ("1940 Act") (17 CFR 270.30b1-5). The Commission may use the information
provided on Form N-Q in its regulatory, disclosure review, inspection, and
policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. {section} 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
NEUBERGER BERMAN JANUARY 31, 2007 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc.
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PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
ARIZONA (0.8%)
750 Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 800(^^)
2003, 6.15%, due 7/15/17 ------------------
CALIFORNIA (134.8%)
780 Abag Fin. Au. Cert. of Participation Rev. (Channing
House), Ser. 1999, 4.90%, due 2/15/09 BBB 792(B)
3,050 Abag Fin. Au. Cert. of Participation Rev. (Episcopal
Homes Foundation), Ser. 1998, 5.13%, due 7/1/18 BBB+ 3,105(B)
1,000 Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser.
2003 C, 5.13%, due 3/1/18 Baa1 BBB+ 1,032(B)
1,250 Alameda Co. Cert. of Participation Ref. Rev., Ser.
2001 A, (MBIA Insured), 5.38%, due 12/1/17 Aaa 1,347
1,285 Bay Area Governments Assoc. BART SFO
Extension Rev. (Arpt. Premium Fare), Ser. 2002 A,
(AMBAC Insured), 5.00%, due 8/1/21 Aaa AAA 1,345
1,000 Burbank Pub. Svc. Dept. Elec. Rev., Ser. 1998,
(FSA Insured), 5.13%, due 6/1/16 Aaa AAA 1,028
555 California Co. Tobacco Securitization Agcy. Tobacco
Settlement Asset-Backed Rev., Ser. 2002, 4.75%,
due 6/1/19 Baa3 558
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford Univ.),
Ser. 2001 R, 5.00%, due 11/1/21 Aaa AAA 1,829(B)
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic
Healthcare West), Ser. 2004 I, 4.95%, due 7/1/26 A2 A 2,100(B)
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai
Med. Ctr.), Ser. 1999 A, 6.13%, due 12/1/19 A3 2,146(B)
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai
Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21 A3 2,095(B)
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser
Permanente), Ser. 1998 B, 5.00%, due 10/1/20 AAA 1,028(B)
2,000 California Hsg. Fin. Agcy. Home Mtge. Rev., Ser.
2006 E, (FGIC Insured), 4.88%, due 2/1/17 Aaa AAA 2,051
500 California Muni. Fin. Au. Ed. Rev. (American
Heritage Ed. Foundation Proj.), Ser. 2006 A, 5.00%,
due 6/1/16 BBB- 513(B)
100 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas &
Elec. Co.), Ser. 1996 F, (LOC: Bank One N.A.),
3.62%, due 2/1/07 A-1+ 100(u)(B)
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas &
Elec. Co.), Ser. 1996 A, (MBIA Insured), 5.35%, due
12/1/16 Aaa AAA 4,255(B)
1,500 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev.
(Republic Svc., Inc. Proj.), Ser. 2002 B, 5.25%, due
6/1/23 Putable 12/1/17 Baa2 BBB+ 1,591(B)
3,000 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev.
(Waste Management, Inc. Proj.), Ser. 2005 C,
5.13%, due 11/1/23 BBB 3,146(B)
1,000 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev.
(Waste Management, Inc. Proj.), Ser. 2002 C,
4.85%, due 12/1/27 Putable 11/30/07 BBB 1,005(B)
4,500 California St. Dept. of Wtr. Res. Pwr. Supply Rev.,
Ser. 2002 A, 5.75%, due 5/1/17 Aaa A- 4,979
1,000 California St. Dept. of Wtr. Res. Pwr. Supply Rev.,
Ser. 2002 A, 5.38%, due 5/1/22 Aaa A- 1,089
2,250 California St. G.O., Ser. 2002, 5.00%, due 10/1/17 A1 A+ 2,370
1,000 California St. Pub. Works Board Lease (Dept. of
Gen. Svc.) Rev. (Cap. East End Complex), Ser.
2002 A, (AMBAC Insured), 5.25%, due 12/1/16 Aaa AAA 1,072
See Notes to Schedule of Investments
NEUBERGER BERMAN JANUARY 31, 2007 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
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PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
1,095 California St. Pub. Works Board Lease Rev.
(California Comm. Colleges), Ser. 2004 B, 5.50%,
due 6/1/20 A2 A 1,194
3,000 California St. Pub. Works Board Lease Rev.
(Regents of the Univ. of California, UCLA
Replacement Hosp.), Ser. 2002 A, (FSA Insured),
5.38%, due 10/1/13 Aaa AAA 3,243
1,000 California St. Univ. Fresno Assoc., Inc. Rev.
(Auxiliary Organization Event Ctr.), Ser. 2002,
5.00%, due 7/1/12 Baa3 1,060
2,000 California Statewide CDA Cert. of Participation Rev.
(Children's Hosp. Los Angeles), Ser. 1999, 5.13%,
due 8/15/19 A3 A 2,063(B)
1,890 California Statewide CDA Cert. of Participation Rev.
(The Internext Group), Ser. 1999, 5.38%, due 4/1/17 BBB 1,929(B)
1,000 California Statewide CDA Hlth. Fac. Rev. (Adventist
Hlth.), Ser. 2005 A, 5.00%, due 3/1/20 A 1,046(B)
5,000 California Statewide CDA Hlth. Fac. Rev. (Mem.
Hlth. Svcs.), Ser. 2003 A, 6.00%, due 10/1/16 A3 A+ 5,475(B)
1,000 California Statewide CDA Rev. (Daughters of Charity
Hlth.), Ser. 2005 G, 5.00%, due 7/1/22 BBB+ 1,032(B)
3,000 California Statewide CDA Rev. (Kaiser Permanente),
Ser. 2002 E, 4.70%, due 11/1/36 Putable 6/1/09 A+ 3,043(B)
1,000 Central Joint Pwr. Hlth. Fin. Au. Cert. of Participation
Rev. (Comm. Hosp. of Central California Proj.), Ser.
2000, 5.50%, due 2/1/14 Baa2 BBB- 1,033(B)
1,020 Cerritos Pub. Fin. Au. Sub. Tax Allocation Rev.
(Cerritos Redev. Proj.), Ser. 2002 B, 4.40%, due
11/1/16 BBB 1,004
2,550 Contra Costa Comm. College Dist. G.O., Ser. 2002,
(FGIC Insured), 5.25%, due 8/1/17 Aaa AAA 2,740
610 Elk Grove Spec. Tax Rev. (East Franklin Comm.
Fac. Dist. Number 1), Ser. 2002 A, 5.38%, due
8/1/17 639(^^)
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002 A,
(MBIA Insured), 6.00%, due 2/1/17 Aaa AAA 1,164
2,835 Glendale Redev. Agcy. Tax Allocation Rev. (Central
Glendale Redev. Proj.), Ser. 2002, (MBIA Insured),
5.00%, due 12/1/16 Aaa AAA 3,019
2,480 Glendale Redev. Agcy. Tax Allocation Rev. (Central
Glendale Redev. Proj.), Ser. 2002, (MBIA Insured),
5.25%, due 12/1/17 Aaa AAA 2,681
1,000 Kings Canyon Joint Unified Sch. Dist. G.O., Ser.
2002, (FGIC Insured), 5.38%, due 8/1/17 Aaa AAA 1,075
1,245 Long Beach Bond Fin. Au. Tax Allocation Rev.
(Downtown, North Long Beach, Poly High, & West
Beach Redev. Proj.), Ser. 2002 A, (AMBAC
Insured), 5.38%, due 8/1/17 Aaa AAA 1,350
660 Long Beach Bond Fin. Au. Tax Allocation Rev.
(North Long Beach Proj.), Ser. 2002 A, (AMBAC
Insured), 5.38%, due 8/1/17 Aaa AAA 715
500 Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC
Insured), 6.00%, due 11/1/17 Aaa AAA 574
1,275 Los Angeles Co. Long Beach Unified Sch. Dist.
G.O., Ser. 2002 D, (FSA Insured), 5.00%, due
8/1/17 Aaa 1,336
5,000 Los Angeles Dept. of Arpts. Rev. (Los Angeles Int'l.
Arpt.), Ser. 2002 A, (FGIC Insured), 5.25%, due
5/15/18 Aaa AAA 5,334
500 Marin Co. Dixie Elementary Sch. Dist. G.O., Ser.
2000 A, (FSA Insured), 5.38%, due 8/1/17 Aaa AAA 533
See Notes to Schedule of Investments
NEUBERGER BERMAN JANUARY 31, 2007 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
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PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
1,045 Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002,
(AMBAC Insured), 5.00%, due 7/1/17 Aaa AAA 1,104
1,090 Moreland Sch. Dist. Ref. G.O., Ser. 2002, (FGIC
Insured), 5.13%, due 9/1/17 Aaa AAA 1,157
535 Nevada & Placer Cos. Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, (FGIC Insured),
5.00%, due 1/1/16 Aaa AAA 566
565 Nevada & Placer Cos. Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, (FGIC Insured),
5.00%, due 1/1/17 Aaa AAA 596
500 Northstar Comm. Svcs. Dist. Spl. Tax, (Comm. Facs.
Dist. No. 1), Ser. 2006, 4.70%, due 9/1/18 493(^^)
500 Northstar Comm. Svcs. Dist. Spl. Tax, (Comm. Facs.
Dist. No. 1), Ser. 2006, 4.75%, due 9/1/19 493(^^)
1,045 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%,
due 1/15/15 Aaa AAA 1,103
1,210 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%,
due 1/15/18 Aaa AAA 1,270
605 Oakland Redev. Agcy. Rev. (Coliseum Area Redev.
Proj.), Ser. 2003, 5.00%, due 9/1/16 A 646
635 Oakland Redev. Agcy. Rev. (Coliseum Area Redev.
Proj.), Ser. 2003, 5.00%, due 9/1/17 A 678
1,290 Oakland Redev. Agcy. Sub. Tax Allocation Rev.
(Central Dist. Redev. Proj.), Ser. 2003, (FGIC
Insured), 5.50%, due 9/1/17 Aaa AAA 1,401
1,445 Oceanside Cert. of Participation Ref. Rev., Ser.
2003 A, (AMBAC Insured), 5.25%, due 4/1/14 Aaa AAA 1,562
3,890 Port of Oakland Ref. Rev., Ser. 2002 N, (MBIA
Insured), 5.00%, due 11/1/13 Aaa AAA 4,094
2,655 Riverside Co. Eastern Muni. Wtr. Dist. Cert. of
Participation Wtr. & Swr. Rev., Ser. 2001 A, (FGIC
Insured), 5.00%, due 7/1/19 Aaa AAA 2,780
440 Roseville Stone Point Comm. Fac. District No. 1
Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17 459(^^)
2,600 Sacramento Muni. Util. Dist. Elec. Rev., Ser. 1997 K,
(AMBAC Insured), 5.70%, due 7/1/17 Aaa AAA 2,999
830 San Diego Redev. Agcy. Sub. Parking Rev. (Centre
City Redev. Proj.), Ser. 2003 B, 4.80%, due 9/1/15 Baa2 845
820 San Diego Redev. Agcy. Sub. Parking Rev. (Centre
City Redev. Proj.), Ser. 2003 B, 4.90%, due 9/1/16 Baa2 835
2,000 San Diego Unified Sch. Dist. G.O., Ser. 2002 D,
(FGIC Insured), 5.25%, due 7/1/21 Aaa AAA 2,156
3,000 San Francisco Bay Area Toll Au. Toll Bridge Rev.,
Ser. 2001 D, 5.00%, due 4/1/17 Aa3 AA 3,132
1,500 San Francisco City & Co. Int'l. Arpt. Second Ser.
Rev., (FGIC Insured), 5.25%, due 5/1/16 Aaa AAA 1,553
5,000 San Francisco City & Co. Redev. Agcy. Lease Ref.
Rev. (George R. Moscone Convention Ctr.), Ser.
2002, (FSA Insured), 5.00%, due 7/1/17 Aaa AAA 5,275
1,000 San Jose Arpt. Ref. Rev., Ser. 2002 B, (FSA
Insured), 5.00%, due 3/1/11 Aaa AAA 1,039
1,615 San Jose Arpt. Ref. Rev., Ser. 2002 B, (FSA
Insured), 5.00%, due 3/1/12 Aaa AAA 1,686
2,500 San Jose Fin. Au. Lease Rev. (Civic Ctr. Proj.), Ser.
2002 B, (AMBAC Insured), 5.25%, due 6/1/17 Aaa AAA 2,674
1,000 San Jose Multi-Family Hsg. Rev. (Fallen Leaves
Apts. Proj.), Ser. 2002 J-1, (AMBAC Insured),
4.95%, due 12/1/22 Aaa AAA 1,030(B)
See Notes to Schedule of Investments
NEUBERGER BERMAN JANUARY 31, 2007 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
1,620 Santa Clara Co. Fremont Union High Sch. Dist.
G.O., Ser. 2002 C, (FSA Insured), 5.00%, due
9/1/20 Aaa AAA 1,728
1,000 Santa Rosa Rancheria Tachi Yokut Tribe Enterprise
Rev., Ser. 2003, 6.13%, due 3/1/13 1,022(^^)
3,905 Solano Co. Cert. of Participation Rev., Ser. 2002,
(MBIA Insured), 5.25%, due 11/1/17 Aaa AAA 4,222
1,000 South Gate Pub. Fin. Au. Tax Allocation Rev. (South
Gate Redev. Proj. No. 1), Ser. 2002, 5.00%, due
9/1/16 Aaa AAA 1,065
600 Univ. of California Regents Cert. of Participation
Rev. (San Diego Campus & Sacramento Proj.), Ser.
2002 A, 5.25%, due 1/1/18 Aa2 632
1,000 Univ. of California Regents Rev. (Multi. Purp. Proj.),
Ser. 2000 K, (MBIA Insured), 5.00%, due 9/1/12 Aaa AAA 1,032
------------------
135,186
FLORIDA (0.8%) ------------------
750 Miami Beach Hlth. Fac. Au. Hosp. Ref. Rev. (Mount
Sinai Med. Ctr. of Florida Proj.), Ser. 2004, 6.25%,
due 11/15/09 Ba1 BB+ 787(B)
------------------
GEORGIA (1.0%)
1,000 De Kalb Co. Dev. Au. Ref. PCR (General Motors
Corp. Proj.), Ser. 2002, 6.00%, due 3/15/21 Caa1 B- 1,019(B)
------------------
GUAM (0.7%)
700 Guam Gov't. Waterworks Au. Wtr. & Wastewater
Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 Ba2 743
------------------
LOUISIANA (2.9%)
1,500 Morehouse Parish Ref. PCR (Int'l. Paper Co. Proj.),
Ser. 2001 A, 5.25%, due 11/15/13 Baa3 BBB 1,582(B)
1,250 Tobacco Settlement Fin. Corp. Tobacco Settlement
Asset-Backed Rev., Ser. 2001 B, 5.50%, due
5/15/30 Baa3 BBB 1,319
------------------
2,901
------------------
NEW YORK (1.1%)
500 New York City IDA Liberty Rev. (7 World Trade
Center, LLC Proj.), Ser. 2005 A, 6.25%, due 3/1/15 532(^^)
500 New York City IDA Spec. Fac. Rev. (American
Airlines, Inc. J.F.K. Int'l. Arpt. Proj.), Ser. 2005,
7.50%, due 8/1/16 B 592(B)
------------------
1,124
------------------
NORTH CAROLINA (1.5%)
1,405 North Carolina Muni. Pwr. Agcy. Number 1 Catawba
Elec. Rev., Ser. 2003 A, 5.50%, due 1/1/14 A3 BBB+ 1,500
------------------
OHIO (0.5%)
500 Coshocton Co. Env. Imp. Ref. Rev. (Smurfit-Stone
Container Enterprises, Inc. Proj.), Ser. 2005, 5.13%,
due 8/1/13 CCC+ 501(B)
------------------
PENNSYLVANIA (1.1%)
1,000 Cumberland Co. West Shore Area Au. Hosp. Rev.
(Holy Spirit Hosp. of the Sisters of Christian Charity
Proj.), Ser. 2001, 6.00%, due 1/1/18 BBB 1,064(B)
------------------
PUERTO RICO (6.6%)
1,295 Puerto Rico Children's Trust Tobacco Settlement
Asset-Backed Rev., Ser. 2002, 5.38%, due 5/15/33 Baa3 BBB 1,350
See Notes to Schedule of Investments
NEUBERGER BERMAN JANUARY 31, 2007 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
1,000 Puerto Rico Ind., Tourist, Ed., Med. & Env. Ctrl. Fac.
Rev. (Polytechnic Univ. of Puerto Rico Proj.), Ser.
2002 A, (ACA Insured), 5.25%, due 8/1/15 A 1,037(B)
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A,
(FSA Insured), 5.25%, due 8/1/17 Aaa AAA 3,201
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A,
(FSA Insured), 5.25%, due 8/1/21 Aaa AAA 1,065
------------------
6,653
------------------
TEXAS (3.3%)
900 Brazos River Au. Ref. PCR (TXU Energy Co. LLC
Proj.), Ser. 2003 A, 6.75%, due 4/1/38 Putable
4/1/13 Baa2 BBB- 1,008(B)
750 Brazos River Au. Ref. Rev. (Reliant Energy, Inc.
Proj.), Ser. 1999 B, 7.75%, due 12/1/18 Ba1 BBB- 798(B)
1,000 Brazos River Harbor Navigation Dist. of Brazoria Co.
Env. Fac. Rev. (Dow Chemical Co. Proj.), Ser. 2002
A-4, 5.20%, due 5/15/33 A3 A- 1,015(B)
500 Dallas-Fort Worth Int'l. Arpt. Fac. Imp. Corp. Rev., ------------------
Ser. 2004 A-1, 6.15%, due 1/1/16 Ba2 506(B)
3,327
------------------
VIRGIN ISLANDS (2.1%)
250 Virgin Islands Pub. Fin. Au. Refinery Fac. Rev.
(HOVENSA Refinery), Ser. 2003, 6.13%, due 7/1/22 Baa3 BBB 273
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin Islands
Matching Fund Loan Notes), Ser. 1998 E, 6.00%,
due 10/1/22
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., 782(^^)
Ser. 1998, 5.30%, due 7/1/18
1,002(^^)
------------------
2,057
------------------
TOTAL INVESTMENTS (157.2%) (COST $153,567) 157,661(##)
Cash, receivables and other assets, less liabilities (1.6%) 1,636
Liquidation Value of Auction Market Preferred Shares [(58.8%)] (59,000)
------------------
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $100,297
------------------
See Notes to Schedule of Investments
NOTES TO SCHEDULE OF INVESTMENTS
--------------------------------
(+) Investments in securities by Neuberger Berman California Intermediate
Municipal Fund Inc. ("California"), Neuberger Berman Intermediate
Municipal Fund Inc. ("Intermediate"), and Neuberger Berman New York
Intermediate Municipal Fund Inc. ("New York") (individually a "Fund", and
collectively, the "Funds") are valued daily by obtaining bid price
quotations from independent pricing services on all securities available
in each service's data base. For all other securities, bid price
quotations are obtained from principal market makers in those securities
or, if quotations are not readily available, by methods each Fund's Board
of Directors has approved on the belief that they reflect fair value.
Numerous factors may be considered when determining the fair value of a
security, including available analyst, media or other reports, trading in
futures or ADRs and whether the issuer of the security being fair valued
has other securities outstanding. Short-term debt securities with less
than 60 days until maturity may be valued at cost which, when combined
with interest earned, approximates market value.
(##) At January 31, 2007, selected Fund information on a U.S. federal income
tax basis was as follows:
GROSS GROSS NET
(000'S OMITTED) UNREALIZED UNREALIZED UNREALIZED
NEUBERGER BERMAN COST APPRECIATION DEPRECIATION APPRECIATION
CALIFORNIA $153,567 $4,130 $36 $4,094
INTERMEDIATE 467,516 12,154 422 11,732
NEW YORK 125,618 2,752 268 2,484
(@) At time of investment, municipal securities purchased by the Funds are
within the four highest rating categories (with respect to at least 80% of
total assets) assigned by a nationally recognized statistical rating
organization ("NRSRO") such as Moody's Investors Service, Inc., Standard &
Poor's, or Fitch Investors Services, Inc. or, where not rated, are
determined by the Funds' investment manager to be of comparable quality.
Approximately 80%, 68%, and 59% of the municipal securities held by
California, Intermediate, and New York, respectively, have credit
enhancement features backing them, which the Funds may rely on, such as
letters of credit, insurance, or guarantees. Without these credit
enhancement features the securities may or may not meet the quality
standards of each Fund. Pre-refunded bonds are supported by securities in
escrow issued or guaranteed by the U.S. Government, its agencies, or
instrumentalities. The amount escrowed is sufficient to pay the periodic
interest due and the principal of these bonds. Putable bonds give the
Funds the right to sell back the issue on the date specified.
(B) Security is guaranteed by the corporate or non-profit obligor.
(n) Restricted security subject to restrictions on resale under federal
securities laws. These securities may be resold in transactions exempt
from registration, normally to qualified institutional buyers under Rule
144A and have been deemed by the investment manager to be liquid. At
January 31, 2007, these securities amounted to $4,463,000 or 1.4% of net
assets applicable to common shareholders for Intermediate.
(^^) Not rated by a NRSRO.
(u) Floating rate securities are securities whose yields vary with a
designated market index or market rate. These securities are shown at
their current rates as of January 31, 2007.
For more information on the Funds' significant accounting policies, please
refer to the Funds' most recent financial statements.
ITEM 2. CONTROLS AND PROCEDURES.
(a) Based on an evaluation of the disclosure controls and procedures (as
defined in rule 30a-3(c) under the 1940 Act) as of a date within 90 days
of the filing date of this document, the Chief Executive Officer and
Treasurer and Principal Financial and Accounting Officer of the Registrant
have concluded that such disclosure controls and procedures are
effectively designed to ensure that information required to be disclosed
by the Registrant on Form N-CSR and Form N-Q is accumulated and
communicated to the Registrant's management to allow timely decisions
regarding required disclosure.
(b) There were no significant changes in the Registrant's internal controls
over financial reporting (as defined in rule 30a-3(d) under the 1940 Act)
that occurred during the Registrant's last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the
Registrant's internal control over financial reporting.
ITEM 3. EXHIBITS
The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Neuberger Berman California Intermediate Municipal Fund Inc.
By: /s/ Peter E. Sundman
-----------------------
Peter E. Sundman
Chief Executive Officer
Date: March 28, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the Registrant and in the capacities and on the
dates indicated.
By: /s/ Peter E. Sundman
-----------------------
Peter E. Sundman
Chief Executive Officer
Date: March 28, 2007
By: /s/ John M. McGovern
---------------------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: March 28, 2007