As filed with the Securities and Exchange Commission on September 29, 2006
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.
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(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 Nicholson Graham 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, 2006
Date of reporting period: July 31, 2006
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.
NEUBERGER BERMAN JULY 31, 2006 (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 7/15/17 793(^^)
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CALIFORNIA (135.4%)
780 Abag Fin. Au. Cert. of Participation Rev.
(Channing House), Ser. 1999, 4.90%, due
2/15/09 BBB+ 795(B)
3,050 Abag Fin. Au. Cert. of Participation Rev.
(Episcopal Homes Foundation), Ser. 1998,
5.13%, due 7/1/18 BBB+ 3,093(B)
1,000 Abag Fin. Au. Rev. (San Diego Hosp. Assoc.),
Ser. 2003 C, 5.13%, due 3/1/18 Baa1 BB+ 1,018(B)
1,250 Alameda Co. Cert. of Participation Ref.
Rev., Ser. 2001 A, (MBIA Insured), 5.38%,
due 12/1/17 Aaa AAA 1,346
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 1,333
1,000 Burbank Pub. Svc. Dept. Elec. Rev., Ser.
1998, (FSA Insured), 5.13%, due 6/1/16 Aaa AAA 1,037
555 California Co. Tobacco Securitization Agcy.
Tobacco Settlement Asset-Backed Rev., Ser.
2002, 4.75%, due 6/1/19 Baa3 BBB 557
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford
Univ.), Ser. 2001 R, 5.00%, due 11/1/21 Aaa AAA 1,817(B)
2,000 California Hlth. Fac. Fin. Au. Rev.
(Catholic Healthcare West), Ser. 2004 I,
4.95%, due 7/1/26 A3 A- 2,056(B)
2,000 California Hlth. Fac. Fin. Au. Rev.
(Cedars-Sinai Med. Ctr.), Ser. 1999 A,
6.13%, due 12/1/19 A3 2,172(B)
2,000 California Hlth. Fac. Fin. Au. Rev.
(Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%,
due 11/15/21 A3 2,054(B)
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser
Permanente), Ser. 1998 B, 5.00%, due 10/1/20 A3 AAA 1,027(B)
2,000 California Hsg. Fin. Agcy. Home Mtg., Rev,
Ser. 2006 E, (FGIC Insured), 4.88%, due
2/1/17 Aaa AAA 2,017
500 California Muni. Fin. Au. Ed. Rev. (American
Heritage Ed. Foundation Proj.), Ser. 2006 A,
5.00%, due 6/1/16 BBB- 507(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 4,257
500 California Poll. Ctrl. Fin. Au. Ref. PCR
(Pacific Gas & Elec. Co.), Ser. 1996 C,
3.59%, due 8/1/06 AA- 500(u)(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+ 1,569(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 1,006(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 3,071(B)
4,500 California St. Dept. of Wtr. Res. Pwr.
Supply Rev., Ser. 2002 A, 5.75%, due 5/1/17 Aaa A- 5,002
1,000 California St. Dept. of Wtr. Res. Pwr.
Supply Rev., Ser. 2002 A, 5.38%, due 5/1/22 Aaa A- 1,092
2,250 California St. G.O., Ser. 2002, 5.00%, due
10/1/17 A1 A+ 2,342
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 1,069
See Notes to Schedule of Investments 1
NEUBERGER BERMAN JULY 31, 2006 (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 1,175
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 3,249
1,000 California St. Univ. Fresno Assoc., Inc.
Rev. (Auxiliary Organization Event Ctr.),
Ser. 2002, 5.00%, due 7/1/12 Baa3 1,061
2,000 California Statewide CDA Cert. of
Participation Rev. (Children's Hosp. Los
Angeles), Ser. 1999, 5.13%, due 8/15/19 A3 A 2,056(B)
1,890 California Statewide CDA Cert. of
Participation Rev. (The Internext Group),
Ser. 1999, 5.38%, due 4/1/17 BBB 1,916(B)
1,000 California Statewide CDA Hlth. Fac. Rev.
(Adventist Hlth.), Ser. 2005 A, 5.00%, due
3/1/20 A 1,027(B)
5,000 California Statewide CDA Hlth. Fac. Rev.
(Mem. Hlth. Svcs.), Ser. 2003 A, 6.00%, due
10/1/16 A3 A+ 5,433(B)
3,000 California Statewide CDA Rev. (Kaiser
Permanente), Ser. 2002 E, 4.70%, due 11/1/36
Putable 6/1/09 A3 A 3,047(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- 1,028(B)
1,020 Cerritos Pub. Fin. Au. Sub. Tax Allocation
Rev. (Cerritos Redev. Proj.), Ser. 2002 B,
4.40%, due 11/1/16 BBB 992
2,550 Contra Costa Comm. College Dist. G.O., Ser.
2002, (FGIC Insured), 5.25%, due 8/1/17 Aa2 AA- 2,721
1,210 Elk Grove Spec. Tax Rev. (East Franklin
Comm. Fac. Dist. Number 1), Ser. 2002 A,
5.38%, due 8/1/17 1,277(^^)
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser.
2002 A, (MBIA Insured), 6.00%, due 2/1/17 Aaa AAA 1,158
2,835 Glendale Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
(MBIA Insured), 5.00%, due 12/1/16 Aaa AAA 3,004
2,480 Glendale Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
(MBIA Insured), 5.25%, due 12/1/17 Aaa AAA 2,659
1,000 Kings Canyon Joint Unified Sch. Dist. G.O.,
Ser. 2002, (FGIC Insured), 5.38%, due 8/1/17 Aaa AAA 1,076
1,905 Long Beach Bond Fin. Au. Tax Allocation Rev.
(Downtown, North Long Beach, Poly High, &
West Beach hRedev. Proj.), Ser. 2002 A,
(AMBAC Insured), 5.38%, due 8/1/17 Aaa AAA 2,061
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 5,298
500 Marin Co. Dixie Elementary Sch. Dist. G.O.,
Ser. 2000 A, (FSA Insured), 5.38%, due
8/1/17 Aaa AAA 536
1,045 Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev.,
Ser. 2002, (AMBAC Insured), 5.00%, due
7/1/17 Aaa AAA 1,095
1,090 Moreland Sch. Dist. Ref. G.O., Ser. 2002,
(FGIC Insured), 5.13%, due 9/1/17 Aaa AAA 1,151
See Notes to Schedule of Investments 2
NEUBERGER BERMAN JULY 31, 2006 (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)
535 Nevada & Placer Cos. Irrigation Dist. Cert.
of Participation Rev., Ser. 2002, (FGIC
Insured), 5.00%, due 1/1/16 Aaa AAA 563
565 Nevada & Placer Cos. Irrigation Dist. Cert.
of Participation Rev., Ser. 2002, (FGIC
Insured), 5.00%, due 1/1/17 AAA 592
1,045 Oakland G.O., Ser. 2002 A, (FGIC Insured),
5.00%, due 1/15/15 Aaa AAA 1,101
1,210 Oakland G.O., Ser. 2002 A, (FGIC Insured),
5.00%, due 1/15/18 Aaa AAA 1,264
605 Oakland Redev. Agcy. Rev. (Coliseum Area
Redev. Proj.), Ser. 2003, 5.00%, due 9/1/16 A- 623
635 Oakland Redev. Agcy. Rev. (Coliseum Area
Redev. Proj.), Ser. 2003, 5.00%, due 9/1/17 A- 650
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 1,395
1,445 Oceanside Cert. of Participation Ref. Rev.,
Ser. 2003 A, (AMBAC Insured), 5.25%, due
4/1/14 Aaa AAA 1,561
3,890 Port of Oakland Ref. Rev., Ser. 2002 N,
(MBIA Insured), 5.00%, due 11/1/13 Aaa AAA 4,081
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 2,764
440 Roseville Stone Point Comm. Fac. District
No. 1 Special Tax Rev., Ser. 2003, 5.70%,
due 9/1/17 453(^^)
2,600 Sacramento Muni. Util. Dist. Elec. Rev.,
Ser. 1997 K, (AMBAC Insured), 5.70%, due
7/1/17 Aaa AAA 2,968
830 San Diego Redev. Agcy. Sub. Parking Rev.
(Centre City Redev. Proj.), Ser. 2003 B,
4.80%, due 9/1/15 Baa2 A- 842
820 San Diego Redev. Agcy. Sub. Parking Rev.
(Centre City Redev. Proj.), Ser. 2003 B,
4.90%, due 9/1/16 Baa2 A- 831
2,000 San Diego Unified Sch. Dist. G.O., Ser. 2002
D, (FGIC Insured), 5.25%, due 7/1/21 Aaa AAA 2,158
3,000 San Francisco Bay Area Toll Au. Toll Bridge
Rev., Ser. 2001 D, 5.00%, due 4/1/17 Aa3 AA 3,122
1,500 San Francisco City & Co. Int'l. Arpt. Second
Ser. Rev., (FGIC Insured), 5.25%, due 5/1/16 Aaa AAA 1,561
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 5,255
1,000 San Francisco St. Bldg. Au. Lease Rev. (San
Francisco Civic Ctr. Complex), Ser. 1996 A,
(AMBAC Insured), 5.25%, due 12/1/16 Aaa AAA 1,025
1,000 San Jose Arpt. Ref. Rev., Ser. 2002 B, (FSA
Insured), 5.00%, due 3/1/11 Aaa AAA 1,042
1,615 San Jose Arpt. Ref. Rev., Ser. 2002 B, (FSA
Insured), 5.00%, due 3/1/12 Aaa AAA 1,693
2,500 San Jose Fin. Au. Lease Rev. (Civic Ctr.
Proj.), Ser. 2002 B, (AMBAC Insured), 5.25%,
due 6/1/17 Aaa AAA 2,657
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 1,019(B)
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 1,731
1,000 Santa Rosa Rancheria Tachi Yokut Tribe
Enterprise Rev., Ser. 2003, 6.13%, due
3/1/13 1,005(^^)
See Notes to Schedule of Investments 3
NEUBERGER BERMAN JULY 31, 2006 (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)
3,905 Solano Co. Cert. of Participation Rev., Ser.
2002, (MBIA Insured), 5.25%, due 11/1/17 Aaa AAA 4,177
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 1,057
600 Univ. of California Regents Cert. of
Participation Rev. (San Diego Campus &
Sacramento Proj.), Ser. 2002 A, 5.25%, due
1/1/18 Aa2 630
1,000 Univ. of California Regents Rev. (Multi.
Purp. Proj.), Ser. 2000 K, (MBIA Insured),
5.00%, due 9/1/12 Aaa AAA 1,038
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134,525
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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 Ba2 BB+ 788(B)
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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- 1,009(B)
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GUAM (0.7%)
700 Guam Govt. Waterworks Au. Wtr. & Wastewater
Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 Ba2 727
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LOUISIANA (2.9%)
1,500 Morehouse Parish Ref. PCR (Int'l. Paper Co.
Proj.), Ser. 2001 A, 5.25%, due 11/15/13 Baa2 BBB 1,550(B)
1,250 Tobacco Settlement Fin. Corp. Tobacco
Settlement Asset-Backed Rev., Ser. 2001 B,
5.50%, due 5/15/30 Baa3 BBB 1,299
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2,849
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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 558(B)
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1,090
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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+ 1,491
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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+ 486(B)
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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 1,058(B)
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PUERTO RICO (6.7%)
1,305 Puerto Rico Children's Trust Tobacco
Settlement Asset-Backed Rev., Ser. 2002,
5.38%, due 5/15/33 Baa3 BBB 1,334
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 1,032(B)
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002
A, (FSA Insured), 5.25%, due 8/1/17 Aaa AAA 3,210
See Notes to Schedule of Investments 4
NEUBERGER BERMAN JULY 31, 2006 (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)
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002
A, (FSA Insured), 5.25%, due 8/1/21 Aaa AAA 1,065
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6,641
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TEXAS (3.4%)
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- 1,007(B)
750 Brazos River Au. Ref. Rev. (Reliant Energy,
Inc. Proj.), Ser. 1999 B, 7.75%, due 12/1/18 BBB- 805(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- 1,016(B)
500 Dallas-Fort Worth Int'l. Arpt. Fac. Imp.
Corp. Rev., Ser. 2004 A-1, 6.15%, due 1/1/16 Ba2 508(B)
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3,336
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VIRGIN ISLANDS (2.0%)
250 Virgin Islands Pub. Fin. Au. Refinery Fac.
Rev. (HOVENSA Refinery), Ser. 2003, 6.13%,
due 7/1/22 Baa3 BBB 272
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin
Islands Matching Fund Loan Notes), Ser. 1998
E, 6.00%, due 10/1/22 783(^^)
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys.
Ref. Rev., Ser. 1998, 5.30%, due 7/1/18 984(^^)
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2,039
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TOTAL INVESTMENTS (157.9%) (COST $153,847) 156,832(##)
Cash, receivables and other assets, less liabilities (1.5%) 1,514
Liquidation Value of Auction Market Preferred Shares [(59.4%)] (59,000)
-----------
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $99,346
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See Notes to Schedule of Investments 5
NEUBERGER BERMAN JULY 31, 2006 (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") (each 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, 2006, selected Fund information on a U.S. federal income tax
basis was as follows:
GROSS GROSS
(000'S OMITTED) UNREALIZED UNREALIZE NET UNREALIZED
NEUBERGER BERMAN COST APPRECIATION DEPRECIATION APPRECIATION
CALIFORNIA $153,847 $3,144 $159 $2,985
INTERMEDIATE 467,960 9,646 862 8,784
NEW YORK 125,692 2,044 418 1,626
(@) At time of investment, municipal securities purchased by each Fund 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 Fund's investment manager to be of comparable quality.
Approximately 80%, 68%, and 57% 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, 2006, these securities amounted to $4,474,000 or 1.5% 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 July 31, 2006.
For more information on the Funds' significant accounting policies, please
refer to the Funds' most recent semi-annual 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 Investment Company Act of 1940, as
amended (the "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, 2006
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, 2006
By: /s/ John M. McGovern
--------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: September 25, 2006