As filed with the Securities and Exchange Commission on September 29, 2005
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 Nicholson Graham LLP
1800 Massachusetts Avenue, N.W.
Washington, D.C. 20036-1221
(Names and addresses of agents for service)
Date of fiscal year end: October 31, 2005
Date of reporting period: July 31, 2005
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. 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 JULY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc.
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PRINCIPAL AMOUNT SECURITY @ RATING VALUE t
($000's omitted) Moody's S&P ($000's omitted)
TAX-EXEMPT SECURITIES-BACKED BY INSURANCE (84.3%)
AMERICAN CAPITAL ACCESS
1,000 Puerto Rico Ind., Tourist, Ed., Med., & Env. Ctrl. Fac. Rev.
(Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002 A,
5.25%, due 8/1/15 A 1,057 ++
AMERICAN MUNICIPAL BOND ASSURANCE CORP.
1,285 Bay Area (CA) Governments Assoc. Bart SFO Extension Rev.
(Arpt. Premium Fare), Ser. 2002 A, 5.00%, due 8/1/21 AAA 1,356
1,000 California St. Pub. Works Board Lease (Dept. of Gen. Svc.)
Rev. (Cap. East End Complex), Ser. 2002 A, 5.25%, due
12/1/16 AAA 1,091
1,000 Fresno (CA) Unified Sch. Dist. Ref. G.O., Ser. 2002 A,
6.00%, due 2/1/17 AAA 1,190
1,905 Long Beach (CA) Bond Fin. Au. Tax Allocation Rev.
(Downtown, North Long Beach, Poly High, & West Beach Redev.
Proj.), Ser. 2002 A, 5.38%, due 8/1/17 AAA 2,084
500 Long Beach (CA) Fin. Au. Rev., Ser. 1992, 6.00%, due 11/1/17 AAA 589
1,045 Marin Co. (CA) Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002,
5.00%, due 7/1/17 AAA 1,115
1,445 Oceanside (CA) Cert. of Participation Ref. Rev., Ser. 2003
A, 5.25%, due 4/1/14 AAA 1,599
2,600 Sacramento (CA) Muni. Util. Dist. Elec. Rev., Ser. 1997 K,
5.70%, due 7/1/17 AAA 3,048
500 Salinas Valley (CA) Solid Waste Au. Rev., Ser. 2002, 5.00%,
due 8/1/06 AAA 511
2,000 San Francisco (CA) St. Bldg. Au. Lease Rev. (San Francisco
Civic Ctr. Complex), Ser. 1996 A, 5.25%, due 12/1/16 AAA 2,099
2,500 San Jose (CA) Fin. Au. Lease Rev. (Civic Ctr. Proj.), Ser.
2002 B, 5.25%, due 6/1/17 AAA 2,704
1,000 San Jose (CA) Multi-Family Hsg. Rev. (Fallen Leaves Apts.
Proj.), Ser. 2002 J-1, 4.95%, due 12/1/22 Aaa AAA 1,032 ++
FINANCIAL GUARANTY INSURANCE CO.
2,550 Contra Costa (CA) Comm. College Dist. G.O., Ser. 2002,
5.25%, due 8/1/17 AAA 2,770
1,000 Kings Canyon (CA) Joint Unified Sch. Dist. G.O., Ser. 2002,
5.38%, due 8/1/17 Aaa AAA 1,098
5,000 Los Angeles (CA) Dept. of Arpts. Rev. (Los Angeles Int'l.
Arpt.), Ser. 2002 A, 5.25%, due 5/15/18 Aaa AAA 5,386
1,090 Moreland (CA) Sch. Dist. Ref. G.O., Ser. 2002, 5.13%, due
9/1/17 AAA 1,175
535 Nevada & Placer Cos. (CA) Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, 5.00%, due 1/1/16 AAA 574
565 Nevada & Placer Cos. (CA) Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, 5.00%, due 1/1/17 AAA 603
1,045 Oakland (CA) G.O., Ser. 2002 A, 5.00%, due 1/15/15 AAA 1,123
1,210 Oakland (CA) G.O., Ser. 2002 A, 5.00%, due 1/15/18 AAA 1,286
1,290 Oakland (CA) Redev. Agcy. Sub. Tax Allocation Rev. (Central
Dist. Redev. Proj.), Ser. 2003, 5.50%, due 9/1/17 AAA 1,440
575 Port of Oakland (CA) Rev., Ser. 2002 M, 5.25%, due 11/1/17 AAA 630
2,655 Riverside Co. (CA) Eastern Muni. Wtr. Dist. Cert. of
Participation Wtr. & Swr. Rev., Ser. 2001 A, 5.00%, due
7/1/19 Aaa AAA 2,802
2,000 San Diego (CA) Unified Sch. Dist. G.O., Ser. 2002 D, 5.25%,
due 7/1/21 Aaa AAA 2,221
1,500 San Francisco (CA) City & Co. Int'l. Arpt. Second Ser. Rev.,
5.25%, due 5/1/16 AAA 1,582
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JULY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY @ RATING VALUE t
($000's omitted) Moody's S&P ($000's omitted)
FINANCIAL SECURITY ASSURANCE INC.
1,000 Burbank (CA) Pub. Svc. Dept. Elec. Rev., Ser. 1998, 5.13%, due
6/1/16 AAA 1,062
1,000 California St. Dept. of Wtr. Res. Wtr. Rev., Ser. 2001 W, 5.50%,
due 12/1/13 Aaa AAA 1,139
3,000 California St. Pub. Works Board Lease Rev. (Regents of the
Univ. of California, UCLA Replacement Hosp.), Ser. 2002 A,
5.38%, due 10/1/13 AAA 3,333
1,275 Los Angeles Co. (CA) Long Beach Unified Sch. Dist. G.O., Ser.
2002 D, 5.00%, due 8/1/17 AAA 1,359
500 Marin Co. (CA) Dixie Elementary Sch. Dist. G.O., Ser. 2000 A,
5.38%, due 8/1/17 AAA 547
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, 5.25%, due
8/1/17 Aaa AAA 3,304
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, 5.25%, due
8/1/21 Aaa AAA 1,102
5,000 San Francisco (CA) City & Co. Redev. Agcy. Lease Ref. Rev.
(George R. Moscone Convention Ctr.), Ser. 2002, 5.00%, due
7/1/17 Aaa AAA 5,333
1,000 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B, 5.00%, due
3/1/11 AAA 1,061
1,615 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B, 5.00%, due 3/1/12 AAA 1,716
1,620 Santa Clara Co. (CA) Fremont Union High Sch. Dist. G.O., Ser.
2002 C, 5.00%, due 9/1/20 Aaa AAA 1,784
MUNICIPAL BOND INVESTORS ASSURANCE CORP.
1,250 Alameda Co. (CA) Cert. of Participation Ref. Rev., Ser. 2001 A,
5.38%, due 12/1/17 AAA 1,375
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas & Elec.
Co.), Ser. 1996 A, 5.35%, due 12/1/16 AAA 4,331 ++
2,835 Glendale (CA) Redev. Agcy. Tax Allocation Rev. (Central
Glendale Redev. Proj.), Ser. 2002, 5.00%, due 12/1/16 AAA 3,059
2,480 Glendale (CA) Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002, 5.25%, due 12/1/17 AAA 2,705
3,890 Port of Oakland (CA) Ref. Rev., Ser. 2002 N, 5.00%, due 11/1/13 AAA 4,107
750 Santa Clara Co. (CA) Saratoga Union Sch. Dist. Ref. G.O., Ser.
1999, 5.13%, due 9/1/11 AAA 824
3,905 Solano Co. (CA) Cert. of Participation Rev., Ser. 2002, 5.25%,
due 11/1/17 AAA 4,240
1,000 Univ. of California Regents Rev. (Multi. Purp. Proj.), Ser.
2000 K, 5.00%, due 9/1/12 AAA 1,064
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85,610
--------
TAX-EXEMPT SECURITIES-OTHER (70.5%)
780 Abag (CA) Fin. Au. Cert. of Participation Rev. (Channing House),
Ser. 1999, 4.90%, due 2/15/09 BBB+ 811 ++
3,050 Abag (CA) Fin. Au. Cert. of Participation Rev. (Episcopal
Homes Foundation), Ser. 1998, 5.13%, due 7/1/18 BBB+ 3,133 ++
1,000 Abag (CA) Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003 C,
5.13%, due 3/1/18 Baa1 BBB+ 1,040 ++
900 Brazos (TX) River Au. Ref. PCR (TXU Energy Co. LLC Proj.), Ser.
2003 A, 6.75%, due 4/1/38 Putable 4/1/13 Baa2 BBB- 1,015 ++
750 Brazos (TX) River Au. Ref. Rev. (Reliant Energy, Inc. Proj.),
Ser. 1999 B, 7.75%, due 12/1/18 BBB- 834 ++
1,000 Brazos (TX) 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- 1,040 ++
640 California Co. (CA) Tobacco Securitization Agcy. Tobacco
Settlement Asset-Backed Rev., Ser. 2002, 4.75%, due 6/1/19 Baa3 BBB 650
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JULY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
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PRINCIPAL AMOUNT SECURITY @ RATING VALUE t
($000's omitted) Moody's S&P ($000's omitted)
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford Univ.), Ser. 2001
R, 5.00%, due 11/1/21 Aaa AAA 1,853 ++
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West),
Ser. 2004 I, 4.95%, due 7/1/26 Baa1 A- 2,092 ++
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.),
Ser. 1999 A, 6.13%, due 12/1/19 A3 2,205 ++
2,000 California Hlth. Fac. Fin. Au. Ref. Rev. (Cedars-Sinai Med.
Ctr.), Ser. 2005, 5.00%, due 11/15/21 A3 2,091
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser Permanente), Ser.
1998 B, 5.00%, due 10/1/20 AAA 1,056 ++
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 11/30/17 Baa3 BBB 1,581 ++
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 1,022 ++
4,500 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002 A,
5.75%, due 5/1/17 A2 BBB+ 5,013
1,000 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser.
2002 A, 5.38%, due 5/1/22 A2 BBB+ 1,085
2,250 California St. G.O., Ser. 2002, 5.00%, due 10/1/17 A3 A 2,390
1,095 California St. Pub. Works Board Lease Rev. (California Comm.
Colleges), Ser. 2004 B, 5.50%, due 6/1/20 Baa1 BBB- 1,191
1,000 California St. Univ., Fresno Assoc., Inc. Rev. (Auxiliary
Organization Event Ctr.), Ser. 2002, 5.00%, due 7/1/12 Baa3 BBB- 1,093
2,000 California Statewide CDA Cert. of Participation Rev.
(Children's Hosp. Los Angeles), Ser. 1999, 5.13%, due
8/15/19 A3 A+ 2,087 ++
2,000 California Statewide CDA Cert. of Participation Rev. (The
Internext Group), Ser. 1999, 5.38%, due 4/1/17 BBB- 2,049 ++
5,000 California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.),
Ser. 2003 A, 6.00%, due 10/1/16 A3 A 5,581 ++
500 California Statewide CDA Rev. (East Valley Tourist Dev. Au.),
Ser. 2003 A, 9.25%, due 10/1/20 BB 551
3,000 California Statewide CDA Rev. (Kaiser Permanente), Ser. 2002 E,
4.70%, due 11/1/36 Putable 6/1/09 A3 3,123 ++
1,000 Central (CA) 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- 1,046 ++
1,020 Cerritos (CA) Pub. Fin. Au. Sub. Tax Allocation Rev. (Cerritos
Redev. Proj.), Ser. 2002 B, 4.40%, due 11/1/16 BBB 1,009
500 Coshocton Co. (OH) Env. Imp. Ref. Rev. (Smurfit-Stone Container
Enterprises, Inc. Proj.), Ser. 2005, 5.13%, due 8/1/13 B 494 ++
1,000 Cumberland Co. (PA) 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+ 1,083 ++
500 Dallas-Fort Worth (TX) Int'l. Arpt. Fac. Imp. Corp. Rev., Ser.
2004 A-1, 6.15%, due 1/1/16 Ba2 514 ++
1,000 De Kalb Co. (GA) Dev. Au. Ref. PCR (General Motors Corp. Proj.),
Ser. 2002, 6.00%, due 3/15/21 Baa3 BBB- 975 ++
1,210 Elk Grove (CA) Spec. Tax Rev. (East Franklin Comm. Fac. Dist.
Number 1), Ser. 2002 A, 5.38%, due 8/1/17 BB+ 1,242
1,270 Los Angeles (CA) Dept. of Wtr. & Pwr. Sys. Rev., Ser. 2001 A,
Sub. Ser. A-3, 5.38%, due 7/1/20 Aa3 AA- 1,298
750 Miami Beach (FL) Hlth. Fac. Au. Hosp. Ref. Rev. (Mount Sinai
Med. Ctr. Florida Proj.), Ser. 2004, 6.25%, due 11/15/09 Baa2 BB+ 807 ++
1,500 Morehouse Parish (LA) Ref. PCR (Int'l. Paper Co. Proj.),
Ser. 2001 A, 5.25%, due 11/15/13 Baa2 BBB 1,589 ++
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JULY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY @ RATING VALUE t
($000's omitted) Moody's S&P ($000's omitted)
500 New York City (NY) Ind. Dev. Agcy. Liberty Rev. (7 World Trade
Center LLC Proj.), Ser. 2005 A, 6.25%, due 3/1/15 531 ^^
1,405 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev.,
Ser. 2003 A, 5.50%, due 1/1/14 A3 BBB+ 1,536
605 Oakland (CA) Redev. Agcy. Rev. (Coliseum Area Redev. Proj.),
Ser. 2003, 5.00%, due 9/1/16 A- 633
635 Oakland (CA) Redev. Agcy. Rev. (Coliseum Area Redev. Proj.),
Ser. 2003, 5.00%, due 9/1/17 A- 660
1,330 Puerto Rico Children's Trust Tobacco Settlement Asset-Backed
Rev., Ser. 2002, 5.38%, due 5/15/33 Baa3 BBB 1,388
440 Roseville (CA) Stone Point Comm. Fac. District No. 1 Special
Tax Rev., Ser. 2003, 5.70%, due 9/1/17 BB+ 444
830 San Diego (CA) Redev. Agcy. Sub. Parking Rev. (Centre City
Redev. Proj.), Ser. 2003 B, 4.80%, due 9/1/15 Baa2 A- 854
820 San Diego (CA) Redev. Agcy. Sub. Parking Rev. (Centre City
Redev. Proj.), Ser. 2003 B, 4.90%, due 9/1/16 Baa2 A- 843
3,000 San Francisco (CA) Bay Area Toll Au. Toll Bridge Rev., Ser.
2001 D, 5.00%, due 4/1/17 Aa3 AA 3,161
1,000 Santa Rosa (CA) Rancheria Tachi Yokut Tribe Enterprise Rev.,
Ser. 2003, 6.13%, due 3/1/13 BBB 1,016
1,000 South Gate (CA) Pub. Fin. Au. Tax Allocation Rev. (South Gate
Redev. Proj. No. 1), Ser. 2002, 5.00%, due 9/1/16 AAA 1,078
1,250 Tobacco Settlement Fin. Corp. (LA) Tobacco Settlement Asset-
Backed Rev., Ser. 2001 B, 5.50%, due 5/15/30 Baa3 BBB 1,304
600 Univ. of California Regents Cert. of Participation Rev. (San
Diego Campus & Sacramento Proj.), Ser. 2002 A, 5.25%, due
1/1/18 Aa2 640
750 Verrado (AZ) Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%,
due 7/15/17 BB- 807
250 Virgin Islands Pub. Fin. Au. Refinery Fac. Rev. (HOVENSA
Refinery Proj.), 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 BBB 775
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., Ser. 1998,
5.30%, due 7/1/18 BBB 1,013
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71,598
--------
TAX-EXEMPT VARIABLE RATE DEMAND NOTES-BACKED BY LETTERS OF CREDIT (4.4%)
BANK OF AMERICA
2,000 Abag (CA) Fin. Au. For Nonprofit Corps. Multi-Family Hsg. Rev.
(Colma Bart Apts.), Ser. 2002 A, 2.30%, VRDN due 8/4/05 A-1+ 2,000 ++
1,000 California St. Econ. Rec. Rev., Ser. 2004 C-2, 2.20%, VRDN due
8/1/05 VMIG1 A-1+ 1,000
264 Irvine (CA) Ltd. Oblig. Imp. (Assessment Dist. No 93-14), Ser.
2000, 2.20%, VRDN due 8/1/05 VMIG1 A-1+ 264
BANK OF NOVA SCOTIA
800 California Hsg. Fin. Agcy. Home Mtg. Rev., Ser. 2002 M, 2.31%,
VRDN due 8/1/05 VMIG1 A-1+ 800
BANK ONE
100 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas & Elec.
Co.), Ser. 1996 C, 2.28%, VRDN due 8/1/05 A-1+ 100 ++
SOCIETE GENERALE
120 Los Angeles (CA) Reg. Arpt. Imp. Corp. Term. Fac. Completion
Rev. (Los Angeles Int'l. Arpt.), Ser. 1989, 2.32%, VRDN due
8/1/05 A-1+ 120 ++
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JULY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY @ RATING VALUE t
($000's omitted) Moody's S&P ($000's omitted)
STATE STREET BANK
200 Irvine Ranch (CA) Wtr. Dist. G.O., Ser. 1995, 2.20%, VRDN
due 8/1/05 VMIG1 A-1+ 200
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4,484
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TOTAL INVESTMENTS (159.2%) (COST $156,778) 161,692 ##
Liabilities, less cash, receivables and other assets [(1.1%)] (1,136)
Liquidation Value of Auction Market Preferred Shares [(58.1%)] (59,000)
--------
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $101,556
--------
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JULY 31, 2005 (UNAUDITED)
NOTES TO SCHEDULE OF INVESTMENTS
--------------------------------
t 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", 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 requiring daily quotations, bid prices
are obtained from principal market makers in those securities or, if
quotations are not available, by a method the Funds' Board of Directors
believes accurately reflects 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, 2005, selected Fund information on a U.S. Federal income tax
basis was as follows:
GROSS GROSS NET
UNREALIZED UNREALIZED UNREALIZED
(000'S OMITTED) COST APPRECIATION DEPRECIATION APPRECIATION
CALIFORNIA $156,778 $4,953 $39 $4,914
INTERMEDIATE 470,217 16,782 329 16,453
NEW YORK 126,385 3,795 118 3,677
@ 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 79%, 74%, and 56% 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.
++ Security is guaranteed by the corporate or non-profit obligor.
** Security exempt from registration under the Securities Act of 1933. These
securities may be resold in transactions exempt from registration, normally
to qualified institutional buyers under Rule 144A, and are deemed liquid.
At July 31, 2005, these securities amounted to $4,510,000 or 1.45% of net
assets for Intermediate.
^^ Not rated by a nationally recognized statistical rating organization.
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 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 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 attached
hereto.
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 28, 2005
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 28, 2005
By: /s/ John M. McGovern
--------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: September 28, 2005