As filed with the Securities and Exchange Commission on September 28, 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: July 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. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
JULY 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. 2003, 6.15%, due 794(^^)
7/15/17 ----------
CALIFORNIA (135.9%)
580 Abag Fin. Au. Cert. of Participation Rev. (Channing House), Ser. BBB 586(B)
1999, 4.90%, due 2/15/09
3,050 Abag Fin. Au. Cert. of Participation Rev. (Episcopal Homes BBB(+) 3,081(B)
Foundation), Ser. 1998, 5.13%, due 7/1/18
1,000 Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003 C, 5.13%, Baa1 BBB(+) 1,014(B)
due 3/1/18
1,250 Alameda Co. Cert. of Participation Ref. Rev., Ser. 2001 A, (MBIA Aaa 1,337
Insured), 5.38%, due 12/1/17
1,285 Bay Area Governments Assoc. BART SFO Extension Rev. (Arpt. Premium Aaa AAA 1,330
Fare), Ser. 2002 A, (AMBAC Insured), 5.00%, due 8/1/21
1,000 Burbank Pub. Svc. Dept. Elec. Rev., Ser. 1998, (FSA Insured), Aaa AAA 1,022
5.13%, due 6/1/16
450 California Co. Tobacco Securitization Agcy. Tobacco Settlement Baa3 452
Asset-Backed Rev., Ser. 2002, 4.75%, due 6/1/19
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford Univ.), Ser. 2001 R, Aaa AAA 1,811(B)
5.00%, due 11/1/21
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), A2 A 2,076(B)
Ser. 2004 I, 4.95%, due 7/1/26
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. A2 2,054(B)
2005, 5.00%, due 11/15/21
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser Permanente), Ser. 1998 AAA 1,022(B)
B, 5.00%, due 10/1/20
2,000 California Hsg. Fin. Agcy. Home Mtge. Rev., Ser. 2006 E, (FGIC Aaa AAA 2,025
Insured), 4.88%, due 2/1/17
500 California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. BBB(-) 509(B)
Foundation Proj.), Ser. 2006 A, 5.00%, due 6/1/16
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas & Elec. Co.), Aaa AAA 4,223(B)
Ser. 1996 A, (MBIA Insured), 5.35%, due 12/1/16
1,500 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Republic Baa2 BBB(+) 1,547(B)
Svc., Inc. Proj.), Ser. 2002 B, 5.25%, due 6/1/23 Putable 12/1/17
3,000 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Waste BBB 3,008(B)
Management, Inc. Proj.), Ser. 2005 C, 5.13%, due 11/1/23
1,000 California Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Waste BBB 1,002(B)
Management, Inc. Proj.), Ser. 2002 C, 4.85%, due 12/1/27 Putable
11/30/07
4,500 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002 A, Aaa A(-) 4,925
5.75%, due 5/1/17 Pre-Refunded 5/1/12
1,000 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002 A, Aaa A(-) 1,078
5.38%, due 5/1/22 Pre-Refunded 5/1/12
2,250 California St. G.O., Ser. 2002, 5.00%, due 10/1/17 A1 A(+) 2,344
1,000 California St. Pub. Works Board Lease (Dept. of Gen. Svc.) Rev. Aaa AAA 1,064
(Cap. East End Complex), Ser. 2002 A, (AMBAC Insured), 5.25%, due
12/1/16
1,095 California St. Pub. Works Board Lease Rev. (California Comm. A2 A 1,174
Colleges), Ser. 2004 B, 5.50%, due 6/1/20
See Notes to Schedule of Investments
JULY 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)
3,000 California St. Pub. Works Board Lease Rev. (Regents of the Univ. of Aaa AAA 3,222
California, UCLA Replacement Hosp.), Ser. 2002 A, (FSA Insured),
5.38%, due 10/1/13
1,000 California St. Univ. Fresno Assoc., Inc. Rev. (Auxiliary Baa3 1,052
Organization Event Ctr.), Ser. 2002, 5.00%, due 7/1/12
2,000 California Statewide CDA Cert. of Participation Rev. (Children's Baa1 BBB(+) 2,034(B)
Hosp. Los Angeles), Ser. 1999, 5.13%, due 8/15/19
1,765 California Statewide CDA Cert. of Participation Rev. (The Internext BBB 1,783(B)
Group), Ser. 1999, 5.38%, due 4/1/17
1,000 California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser. A 1,023(B)
2005 A, 5.00%, due 3/1/20
5,000 California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. A3 A(+) 5,376(B)
2003 A, 6.00%, due 10/1/16
500 California Statewide CDA Rev., (Valley Care Hlth. Sys.) Ser. 2007 491(B)(^^)
A, 4.80%, due 7/15/17
1,500 California Statewide CDA Rev., (California Baptist Univ.) Ser. 2007 1,513(B)(^^)
A, 5.30%, due 11/1/18
1,000 California Statewide CDA Rev. (Daughters of Charity Hlth.), Ser. BBB(+) 1,005(B)
2005 G, 5.00%, due 7/1/22
3,000 California Statewide CDA Rev. (Kaiser Permanente), Ser. 2002 E, A(+) 3,029(B)
4.70%, due 11/1/36 Putable 6/1/09
1,000 Central Joint Pwr. Hlth. Fin. Au. Cert. of Participation Rev. Baa2 AAA 1,052(B)
(Comm. Hosp. of Central California Proj.), Ser. 2000, 5.50%, due
2/1/14
1,020 Cerritos Pub. Fin. Au. Sub. Tax Allocation Rev. (Cerritos Redev. BBB 1,005
Proj.), Ser. 2002 B, 4.40%, due 11/1/16
2,550 Contra Costa Comm. College Dist. G.O., Ser. 2002, (FGIC Insured), Aaa AAA 2,710
5.25%, due 8/1/17
610 Elk Grove Spec. Tax Rev. (East Franklin Comm. Fac. Dist. Number 1), 634(^^)
Ser. 2002 A, 5.38%, due 8/1/17
820 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007 B, 4.40%, due 9/1/12 819(^^)
250 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007 B, 4.40%, due 9/1/13 248(^^)
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002 A, (MBIA Insured), Aaa AAA 1,147
6.00%, due 2/1/17
2,835 Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Aaa AAA 3,007
Proj.), Ser. 2002, (MBIA Insured), 5.00%, due 12/1/16
2,480 Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Aaa AAA 2,663
Proj.), Ser. 2002, (MBIA Insured), 5.25%, due 12/1/17
1,000 Kings Canyon Joint Unified Sch. Dist. G.O., Ser. 2002, (FGIC Aaa AAA 1,064
Insured), 5.38%, due 8/1/17
1,245 Long Beach Bond Fin. Au. Tax Allocation Rev. (Downtown, North Long Aaa AAA 1,336
Beach, Poly High, & West Beach Redev. Proj.), Ser. 2002 A, (AMBAC
Insured), 5.38%, due 8/1/17
660 Long Beach Bond Fin. Au. Tax Allocation Rev. (North Long Beach Aaa AAA 707
Proj.), Ser. 2002 A, (AMBAC Insured), 5.38%, due 8/1/17
500 Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due Aaa AAA 566
11/1/17
1,275 Los Angeles Co. Long Beach Unified Sch. Dist. G.O., Ser. 2002 D, Aaa 1,330
(FSA Insured), 5.00%, due 8/1/17
See Notes to Schedule of Investments
JULY 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)
5,000 Los Angeles Dept. of Arpts. Rev. (Los Angeles Int'l. Arpt.), Ser. Aaa AAA 5,276
2002 A, (FGIC Insured), 5.25%, due 5/15/18
500 Marin Co. Dixie Elementary Sch. Dist. G.O., Ser. 2000 A, (FSA Aaa AAA 526
Insured), 5.38%, due 8/1/17
1,045 Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002, (AMBAC Aaa AAA 1,093
Insured), 5.00%, due 7/1/17
1,090 Moreland Sch. Dist. Ref. G.O., Ser. 2002, (FGIC Insured), 5.13%, Aaa AAA 1,147
due 9/1/17
535 Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Aaa AAA 561
Ser. 2002, (FGIC Insured), 5.00%, due 1/1/16
565 Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Aaa AAA 591
Ser. 2002, (FGIC Insured), 5.00%, due 1/1/17
500 Northstar Comm. Svcs. Dist. Spl. Tax (Comm. Facs. Dist. No. 1), 489(^^)
Ser. 2006, 4.70%, due 9/1/18
500 Northstar Comm. Svcs. Dist. Spl. Tax (Comm. Facs. Dist. No. 1), 488(^^)
Ser. 2006, 4.75%, due 9/1/19
1,045 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%, due 1/15/15 Aaa AAA 1,094
1,210 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%, due 1/15/18 Aaa AAA 1,258
605 Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, A 641
5.00%, due 9/1/16
635 Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, A 673
5.00%, due 9/1/17
1,290 Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev. Aaa AAA 1,389
Proj.), Ser. 2003, (FGIC Insured), 5.50%, due 9/1/17
1,445 Oceanside Cert. of Participation Ref. Rev., Ser. 2003 A, (AMBAC Aaa AAA 1,548
Insured), 5.25%, due 4/1/14
3,890 Port of Oakland Ref. Rev., Ser. 2002 N, (MBIA Insured), 5.00%, due Aaa AAA 4,076
11/1/13
2,655 Riverside Co. Eastern Muni. Wtr. Dist. Cert. of Participation Wtr. Aaa AAA 2,747
& Swr. Rev., Ser. 2001 A, (FGIC Insured), 5.00%, due 7/1/19
440 Roseville Stone Point Comm. Fac. District Number 1 Special Tax 453(^^)
Rev., Ser. 2003, 5.70%, due 9/1/17
2,600 Sacramento Muni. Util. Dist. Elec. Rev., Ser. 1997 K, (AMBAC Aaa AAA 2,945
Insured), 5.70%, due 7/1/17
830 San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Baa2 839
Proj.), Ser. 2003 B, 4.80%, due 9/1/15
820 San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Baa2 831
Proj.), Ser. 2003 B, 4.90%, due 9/1/16
2,000 San Diego Unified Sch. Dist. G.O., Ser. 2002 D, (FGIC Insured), Aaa AAA 2,135
5.25%, due 7/1/21
3,000 San Francisco Bay Area Toll Au. Toll Bridge Rev., Ser. 2001 D, Aa3 AA 3,132
5.00%, due 4/1/17
1,500 San Francisco City & Co. Int'l. Arpt. Second Ser. Rev., (FGIC Aaa AAA 1,543
Insured), 5.25%, due 5/1/16
5,000 San Francisco City & Co. Redev. Agcy. Lease Ref. Rev. (George R. Aaa AAA 5,229
Moscone Convention Ctr.), Ser. 2003, (FSA Insured), 5.00%, due
7/1/17
1,000 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA Insured), 5.00%, due Aaa AAA 1,034
3/1/11
1,615 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA Insured), 5.00%, due Aaa AAA 1,680
3/1/12
2,500 San Jose Fin. Au. Lease Rev. (Civic Ctr. Proj.), Ser. 2002 B, Aaa AAA 2,646
(AMBAC Insured), 5.25%, due 6/1/17
See Notes to Schedule of Investments
JULY 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 San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. Aaa AAA 1,000(B)
2002 J-1, (AMBAC Insured), 4.95%, due 12/1/22
1,620 Santa Clara Co. Fremont Union High Sch. Dist. G.O., Ser. 2002 C, Aaa AAA 1,713
(FSA Insured), 5.00%, due 9/1/20
1,000 Santa Rosa Rancheria Tachi Yokut Tribe Enterprise Rev., Ser. 2003, 1,015(^^)
6.13%, due 3/1/13
3,905 Solano Co. Cert. of Participation Rev., Ser. 2002, (MBIA Insured), Aaa AAA 4,181
5.25%, due 11/1/17
1,000 South Gate Pub. Fin. Au. Tax Allocation Rev. (South Gate Redev. Aaa AAA 1,055
Proj. No. 1), Ser. 2002, 5.00%, due 9/1/16
600 Univ. of California Regents Cert. of Participation Rev. (San Diego Aa2 627
Campus & Sacramento Proj.), Ser. 2002 A, 5.25%, due 1/1/18
1,000 Univ. of California Regents Rev. (Multi. Purp. Proj.), Ser. 2000 K, Aaa AAA 1,025
(MBIA Insured), 5.00%, due 9/1/12 ----------
134,180
----------
FLORIDA (0.8%)
750 Miami Beach Hlth. Fac. Au. Hosp. Ref. Rev. (Mount Sinai Med. Ctr. Ba1 BB(+) 781(B)
of Florida Proj.), Ser. 2004, 6.25%, due 11/15/09 ----------
GEORGIA (1.0%)
1,000 De Kalb Co. Dev. Au. Ref. PCR (General Motors Corp. Proj.), Ser. Caa1 B(-) 1,009(B)
2002, 6.00%, due 3/15/21 ----------
GUAM (0.7%)
700 Guam Gov't. Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, Ba2 737
5.50%, due 7/1/16 ----------
LOUISIANA (2.9%)
1,500 Morehouse Parish Ref. PCR (Int'l. Paper Co. Proj.), Ser. 2001 A, Baa3 BBB 1,535(B)
5.25%, due 11/15/13
1,250 Tobacco Settlement Fin. Corp. Tobacco Settlement Asset-Backed Rev., Baa3 BBB 1,301
Ser. 2001 B, 5.50%, due 5/15/30 ----------
2,836
----------
NEW YORK (1.1%)
500 New York City IDA Liberty Rev. (7 World Trade Center, LLC Proj.), 525(^^)
Ser. 2005 A, 6.25%, due 3/1/15
500 New York City IDA Spec. Fac. Rev. (American Airlines, Inc. J.F.K. B 570(B)
Int'l. Arpt. Proj.), Ser. 2005, 7.50%, due 8/1/16 ----------
1,095
----------
NORTH CAROLINA (1.5%)
1,405 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. A3 BBB(+) 1,488
2003 A, 5.50%, due 1/1/14 ----------
OHIO (0.5%)
500 Coshocton Co. Env. Imp. Ref. Rev. (Smurfit-Stone Container CCC(+) 496(n)(B)
Enterprises, Inc. Proj.), Ser. 2005, 5.13%, due 8/1/13 ----------
PENNSYLVANIA (1.1%)
1,000 Cumberland Co. West Shore Area Au. Hosp. Rev. (Holy Spirit Hosp. of BBB 1,047(B)
the Sisters of Christian Charity Proj.), Ser. 2001, 6.00%, due ----------
1/1/18
PUERTO RICO (6.6%)
1,265 Puerto Rico Children's Trust Tobacco Settlement Asset-Backed Rev., Baa3 BBB 1,282
Ser. 2002, 5.38%, due 5/15/33
See Notes to Schedule of Investments
JULY 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. A 1,037(B)
(Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002 A, (ACA
Insured), 5.25%, due 8/1/15
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, (FSA Insured), Aaa AAA 3,170
5.25%, due 8/1/17
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, (FSA Insured), Aaa AAA 1,051
5.25%, due 8/1/21 ----------
6,540
----------
TEXAS (3.3%)
900 Brazos River Au. Ref. PCR (TXU Energy Co. LLC Proj.), Ser. 2003 A, Baa2 BB 960(B)
6.75%, due 4/1/38 Putable 4/1/13
750 Brazos River Au. Ref. Rev. (Reliant Energy, Inc. Proj.), Ser. 1999 Ba1 BBB(-) 782(B)
B, 7.75%, due 12/1/18
1,000 Brazos River Harbor Navigation Dist. of Brazoria Co. Env. Fac. Rev. A(-) 1,009(B)
(Dow Chemical Co. Proj.), Ser. 2002 A-4, 5.20%, due 5/15/33
500 Dallas-Fort Worth Int'l. Arpt. Fac. Imp. Corp. Rev., Ser. 2004 A-1, Ba2 502(B)
6.15%, due 1/1/16 ----------
3,253
----------
VIRGIN ISLANDS (2.1%)
250 Virgin Islands Pub. Fin. Au. Refinery Fac. Rev. (HOVENSA Refinery), Baa3 BBB 271
Ser. 2003, 6.13%, due 7/1/22
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin Islands Matching Fund 773(^^)
Loan Notes), Ser. 1998 E, 6.00%, due 10/1/22
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., Ser. 1998, 995(T)
5.30%, due 7/1/18 ----------
2,039
----------
TOTAL INVESTMENTS (158.3%) (COST $153,698) 156,295(##)
Cash, receivables and other assets, less liabilities (1.5%) 1,435
Liquidation Value of Auction Market Preferred Shares [(59.8%)] (59,000)
----------
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $98,730
----------
See Notes to Schedule of Investments
JULY 31, 2007 (UNAUDITED)
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 prices 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 July 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 $153,698 $2,763 $166 $2,597
INTERMEDIATE 466,220 8,456 885 7,571
NEW YORK 125,560 1,733 438 1,295
(@) 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%, 70%, and 61% 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 the Funds. 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 July 31,
2007, these securities amounted to approximately $496,000 or 0.5% of net
assets applicable to common shareholders for California, approximately
$5,434,000 or 1.8% of net assets applicable to common shareholders for
Intermediate and approximately $496,000 or 0.6% of net assets applicable to
common shareholders for New York.
(^^) 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 July 31, 2007.
(T) Rated BBB by Fitch Investor Services, Inc.
For 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: September 25, 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: September 25, 2007
By: /s/ John M. McGovern
---------------------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: September 25, 2007