nq.htm
As filed with the Securities and Exchange Commission on March 31, 2010
 
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
 
Robert Conti, Chief Executive Officer and President
Neuberger Berman California Intermediate Municipal Fund Inc.
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
 
Arthur Delibert, Esq.
K&L Gates 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, 2010
 
Date of reporting period: January 31, 2010
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), 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 the 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. § 3507.
 
 
 
 
 
Item 1. Schedule of Investments.
JANUARY 31, 2010

Schedule of Investments California Intermediate Municipal Fund Inc.
(UNAUDITED)



Principal Amount
  
Security @
      
Value†
  
($000's omitted)
 
        
($000's omitted)
  
Arizona (0.9%)
  
   
750
  
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
  
709
  
 
California (149.2%)
  
   
3,050
  
Abag Fin. Au. Cert. of Participation Rev. (Episcopal Homes Foundation), Ser. 1998, 5.13%, due 7/1/18
  
3,053
ß
   
900
  
Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003-C, 5.13%, due 3/1/18
  
906
ß
   
1,250
  
Alameda Co. Cert. of Participation Ref. Rev., Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.38%, due 12/1/17
  
1,296
  
   
1,285
  
Bay Area Governments Assoc. BART SFO Extension Rev. (Arpt. Premium Fare), Ser. 2002-A, (AMBAC Insured), 5.00%, due 8/1/21
  
1,230
  
   
1,000
  
Burbank Pub. Svc. Dept. Elec. Rev., Ser. 1998, (AGM Insured), 5.13%, due 6/1/16
  
1,005
  
   
205
  
California Co. Tobacco Securitization Agcy. Tobacco Settlement Asset-Backed Rev., Ser. 2002, 4.75%, due 6/1/19
  
205
  
   
1,750
  
California Ed. Fac. Au. Ref. Rev. (Stanford Univ.), Ser. 2001-R, 5.00%, due 11/1/21
  
1,818
ß
   
500
  
California Ed. Fac. Au. Rev. (Scripps College), Ser. 2007, (National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/15
  
541
ß
   
2,000
  
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.88%, due 2/1/17
  
2,015
  
   
1,715
  
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
  
1,703
  
   
2,000
  
California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), Ser. 2004-I, 4.95%, due 7/1/26 Putable 7/1/14
  
2,135
µß
   
2,000
  
California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), Ser. 2009-C, 5.00%, due 7/1/37 Putable 7/2/12
  
2,088
µß
   
2,000
  
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21
  
2,034
ß
   
1,000
  
California Hlth. Fac. Fin. Au. Rev. (Kaiser Permanente), Ser. 1998-B, 5.00%, due 10/1/20
  
1,007
ß
   
500
  
California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. Foundation Proj.), Ser. 2006-A, 5.00%, due 6/1/16
  
474
ß
   
1,040
  
California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007, 5.00%, due 4/1/21
  
1,081
ß
   
2,500
  
California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002-A, 5.75%, due 5/1/17 Pre-Refunded 5/1/12
  
2,805
  
   
2,250
  
California St. G.O., Ser. 2002, 5.00%, due 10/1/17
  
2,329
  
   
200
  
California St. G.O. (Muni. Sec. Trust Receipts), Ser. 2001-SGA136, (XLCA Insured), 0.21%, due 2/1/10
  
200
µc
   
1,095
  
California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, due 6/1/20
  
1,112
  
   
1,000
  
California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svc.) (Cap. East End), Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/16
  
1,030
  
   
2,000
  
California Statewide CDA Cert. of Participation Rev. (Children's Hosp. Los Angeles), Ser. 1999, 5.13%, due 8/15/19
  
2,000
ß
   
1,490
  
California Statewide CDA Cert. of Participation Rev. (The Internext Group), Ser. 1999, 5.38%, due 4/1/17
  
1,492
ß
   
1,000
  
California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser. 2005-A, 5.00%, due 3/1/20
  
1,012
ß
   
5,000
  
California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. 2003-A, 6.00%, due 10/1/16
  
5,315
ß
   
1,490
  
California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18
  
1,396
ß
   
1,000
  
California Statewide CDA Rev. (Daughters of Charity Hlth.), Ser. 2005-G, 5.00%, due 7/1/22
  
943
ß
   
1,255
  
California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, due 11/15/19
  
1,325
ß


See Notes to Schedule of Investments
 
 
 

JANUARY 31, 2010

Schedule of Investments California Intermediate Municipal Fund Inc. cont’d
(UNAUDITED)
 

Principal Amount
  
Security @
      
Value†
  
($000's omitted)
        
($000's omitted)
  
   
450
  
California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007-A, 4.80%, due 7/15/17
  
433
ß
   
1,020
  
Cerritos Pub. Fin. Au. Sub. Tax Allocation Rev. (Cerritos Redev. Proj.), Ser. 2002-B, 4.40%, due 11/1/16
  
948
  
   
1,500
  
Compton Unified Sch. Dist. Ref. G.O. (Election 2002), Ser. 2006-D, (AMBAC Insured), due 6/1/14
  
1,300
  
   
1,365
  
Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, due 12/15/21
  
1,309
ß
   
820
  
Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007-B, 4.40%, due 9/1/12
  
801
  
   
250
  
Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007-B, 4.40%, due 9/1/13
  
241
  
   
2,000
  
Fresno Joint Pwr. Fin. Au. Lease Rev. (Master Lease Proj.), Ser. 2008-A, (Assured Guaranty Insured), 5.00%, due 4/1/23
  
2,036
  
   
1,000
  
Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 2/1/17
  
1,111
  
   
2,835
  
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.00%, due 12/1/16
  
2,885
  
   
2,480
  
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 12/1/17
  
2,541
  
   
1,000
  
Kings Canyon Joint Unified Sch. Dist. G.O., Ser. 2002, (FGIC Insured), 5.38%, due 8/1/17
  
1,051
  
   
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 Pre-Refunded 8/1/12
  
1,384
  
   
500
  
Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due 11/1/17
  
539
  
   
4,000
  
Los Angeles Dept. of Arpts. Rev. (Los Angeles Int'l Arpt.), Ser. 2002-A, (FGIC Insured), 5.25%, due 5/15/18
  
4,194
  
   
1,500
  
Los Angeles Harbor Dept. Ref. Rev., Ser. 2001-B, (AMBAC Insured), 5.50%, due 8/1/17
  
1,560
  
   
1,000
  
Los Angeles Unified Sch. Dist. Ref. G.O., Ser. 2005-A1, (FGIC Insured), 5.00%, due 7/1/25
  
1,038
  
   
500
  
Marin Co. Dixie Elementary Sch. Dist. G.O., Ser. 2000-A, (AGM Insured), 5.38%, due 8/1/17
  
514
  
   
1,045
  
Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.00%, due 7/1/17
  
1,094
  
   
1,070
  
Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, due 8/1/19
  
655
  
   
1,090
  
Moreland Sch. Dist. Ref. G.O., Ser. 2002, (FGIC Insured), 5.13%, due 9/1/17
  
1,150
  
   
1,000
  
Mountain House Pub. Fin. Au. Util. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22
  
919
  
   
535
  
Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Ser. 2002, (FGIC Insured), 5.00%, due 1/1/16
  
556
  
   
565
  
Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Ser. 2002, (FGIC Insured), 5.00%, due 1/1/17
  
584
  
   
500
  
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.70%, due 9/1/18
  
449
  
   
500
  
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.75%, due 9/1/19
  
439
  
   
1,045
  
Oakland G.O., Ser. 2002-A, (FGIC Insured), 5.00%, due 1/15/15
  
1,079
  
   
1,210
  
Oakland G.O., Ser. 2002-A, (FGIC Insured), 5.00%, due 1/15/18
  
1,228
  
   
605
  
Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, 5.00%, due 9/1/16 Pre-Refunded 3/1/13
  
681
  
   
635
  
Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, 5.00%, due 9/1/17 Pre-Refunded 3/1/13
  
714
  
   
1,290
  
Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev. Proj.), Ser. 2003, (FGIC Insured), 5.50%, due 9/1/17
  
1,306
  
   
1,445
  
Oceanside Cert. of Participation Ref. Rev., Ser. 2003-A, (AMBAC Insured), 5.25%, due 4/1/14
  
1,537
  
   
1,500
  
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
  
1,468
  
   
3,890
  
Port of Oakland Ref. Rev., Ser. 2002-N, (National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/13
  
4,107
  
   
440
  
Roseville Stone Point Comm. Fac. District Number 1 Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17
  
424
  


See Notes to Schedule of Investments
 
 
 

JANUARY 31, 2010

Schedule of Investments California Intermediate Municipal Fund Inc. cont’d
(UNAUDITED)


Principal Amount
  
Security @
      
Value†
  
($000's omitted)
        
($000's omitted)
  
   
400
  
Sacramento Co. Sanitation Dist. Fin. Au. Rev., Ser. 2000-A, 5.60%, due 12/1/17
  
401
  
   
2,600
  
Sacramento Muni. Util. Dist. Elec. Rev., Ser. 1997-K, (AMBAC Insured), 5.70%, due 7/1/17
  
2,970
  
   
1,350
  
San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, due 8/1/24
  
1,576
  
   
830
  
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.80%, due 9/1/15
  
834
  
   
820
  
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.90%, due 9/1/16
  
818
  
   
2,000
  
San Diego Unified Sch. Dist. G.O., Ser. 2002-D, (FGIC Insured), 5.25%, due 7/1/21
  
2,211
  
   
1,000
  
San Francisco City & Co. Arpts. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/21
  
1,060
  
   
1,500
  
San Francisco City & Co. Arpts. Commission Int'l Arpt. Rev., Ser. 1999-23A, (FGIC Insured), 5.25%, due 5/1/16
  
1,516
  
   
1,000
  
San Francisco City & Co. Redev. Fin. Au. Tax Allocation (Mission Bay North Redev.), Ser. 2009-C, 5.50%, due 8/1/22
  
1,014
  
   
2,115
  
San Francisco City & Co. Redev. Fin. Au. Tax Allocation (San Francisco Redev. Proj.), Ser. 2003-B, (FGIC Insured), 5.25%, due 8/1/18
  
2,168
  
   
1,000
  
San Jose Arpt. Ref. Rev., Ser. 2003-B, (AGM Insured), 5.00%, due 3/1/11
  
1,024
  
   
1,615
  
San Jose Arpt. Ref. Rev., Ser. 2003-B, (AGM Insured), 5.00%, due 3/1/12
  
1,698
  
   
925
  
San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, due 12/1/22
  
869
ß
   
1,060
  
San Jose Redev. Agcy. Tax Allocation Ref. (Merged Area Redev. Proj.), Ser. 2006-D, (AMBAC Insured), 5.00%, due 8/1/21
  
1,041
  
   
1,000
  
San Rafael City High Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2004-B, (FGIC Insured), due 8/1/18
  
658
  
   
1,390
  
San Rafael Redev. Agcy. Tax Allocation Ref. (Central San Rafael Redev. Proj.), Ser. 2009, (Assured Guaranty Insured), 5.00%, due 12/1/21
  
1,483
  
   
1,620
  
Santa Clara Co. Fremont Union High Sch. Dist. G.O., Ser. 2002-C, (AGM Insured), 5.00%, due 9/1/20 Pre-Refunded 9/1/12
  
1,800
  
   
485
  
Santa Maria Bonita Sch. Dist. Cert. of Participation (Cap. Imp. & Ref. Proj.), Ser. 1998, (National Public Finance Guarantee Corp. Insured), 5.00%, due 3/1/14
  
486
  
   
525
  
Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.40%, due 7/1/13
  
534
  
   
505
  
Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.50%, due 7/1/14
  
511
  
   
3,905
  
Solano Co. Cert. of Participation Rev., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 11/1/17 Pre-Refunded 11/1/12
  
4,359
  
   
745
  
South Gate Pub. Fin. Au. Tax Allocation Rev. (South Gate Redev. Proj. Number 1), Ser. 2002, (XLCA Insured), 5.00%, due 9/1/16
  
746
  
   
1,250
  
Sunnyvale Sch. Dist. G.O. (Election 2004), Ser. 2005-A, (AGM Insured), 5.00%, due 9/1/21
  
1,334
  
   
1,300
  
Tulare Local Hlth. Care Dist., Ser. 2007, 5.00%, due 11/1/20
  
1,248
  
   
3,000
  
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/19
  
1,724
g
   
119,908
    
Guam (0.9%)
  
   
700
  
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
 
  
729
  
Illinois (1.0%)
  
   
910
  
Bartlett Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
 
  
819
  
Louisiana (1.6%)
  
   
1,250
  
Tobacco Settlement Fin. Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2001-B, 5.50%, due 5/15/30
 
  
1,252
  
Nevada (1.4%)
  
   
1,000
  
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
  
1,146
  


See Notes to Schedule of Investments
 
 
 

JANUARY 31, 2010

Schedule of Investments California Intermediate Municipal Fund Inc. cont’d
(UNAUDITED)


Principal Amount
  
Security @
      
Value†
  
($000's omitted)
        
($000's omitted)
  
New York (1.8%)
  
   
1,000
  
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A, 5.88%, due 1/1/18
  
972
ß
   
500
  
New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15
  
500
  
   
1,472
      
Pennsylvania (1.3%)
  
   
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
 
  
1,016
ß
Puerto Rico (11.6%)
  
   
1,500
  
Puerto Rico Elec. Pwr. Au. Pwr. Ref. Rev., Ser. 2007-VV, 5.50%, due 7/1/20
  
1,604
  
   
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
  
1,005
ß
   
3,000
  
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/17
  
3,125
  
   
1,000
  
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21
  
1,023
  
   
1,500
  
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24
  
1,527
  
   
1,000
  
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/39 Putable 8/1/11
  
1,052
µ
   
9,336
      
Virgin Islands (1.2%)
  
   
1,000
  
Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., Ser. 1998, 5.30%, due 7/1/18
 
  
1,003
  
 
Total Investments (170.9%) (Cost $135,414)
 
  
137,390
##
    
 
Cash, receivables and other assets, less liabilities (2.5%)
 
  
1,991
    
 
Liquidation Value of Auction Market Preferred Shares [(73.4%)]
 
  
(59,000)
    
 
Total Net Assets Applicable to Common Shareholders (100.0%)
$80,381
      
 
See Notes to Schedule of Investments
 
 
 
January 31, 2010 (Unaudited)

Notes to Schedule of Investments
 
† The value of 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") is determined by Neuberger Berman Management LLC (“Management”) primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include considerations such as: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. If a valuation is not available from an independent pricing service, the Funds seek to obtain quotations from principal market makers. Management has developed a process to periodically review information provided by independent pricing services. If such quotations are not readily available, securities are valued using 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, is expected to approximate market value.
 
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), formerly known as Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements,” investments held by a fund are carried at “fair value” as defined by ASC 820. Fair value is defined as the price that a fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market are considered in determining the value of the Funds’ investments, some of which are discussed above. Significant management judgment may be necessary to estimate fair value in accordance with ASC 820.
 
In addition to defining fair value, ASC 820 established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

 
·
Level 1 – quoted prices in active markets for identical investments
 
·
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
 
·
Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)
 
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
 
The following is a summary, by category of Level, of inputs used to value the Funds’ investments as of January 31, 2010:
 
Asset Valuation Inputs
 
 
 
(000’s omitted)
 
 
 
 
 
 
Level 1
 
 
 
 
 
 
Level 2
 
 
 
 
 
 
Level 3
Total
 
California
        
 
Investments:
        
 
Municipal Notes^
$-
$137,390
$-
$137,390
 
Intermediate
        
 
Investments:
        
 
Municipal Notes^
-
444,172
-
444,172
 
New York
        
 
Investments:
        
 
Municipal Notes^
-
118,591
-
118,591
           
  ^  The Schedule of Investments provides information on the state categorization for the portfolio.

 
For information on the Fund's significant accounting policies, please refer to the Fund's most recent shareholder reports.
 
 
 
 
##           At January 31, 2010, selected Fund information on a U.S. federal income tax basis was as follows:

 
 
 
 
(000’s omitted)
                    Cost
Gross Unrealized Appreciation
Gross Unrealized Depreciation
 
 
Net Unrealized
Appreciation
(Depreciation)
           
 
California
     $135,414
     $3,383
     $1,407
     $1,976
 
Intermediate
435,933
16,179
7,940
8,239
 
New York
117,706
2,713
1,828
885
 
@
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 74%, 57%, 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.

ß
Security is guaranteed by the corporate or non-profit obligor.

Ø
All or a portion of this security was purchased on a when-issued basis.  At January 31, 2010, these securities amounted to $2,830,000 or 1.1% of net assets applicable to common shareholders for Intermediate.
 
ØØ      All or a portion of this security is segregated in connection with obligations for when-issued purchase commitments.
 
µ
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, 2010.
 
a
Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.
 
b
Security is subject to a guarantee provided by Bank of America, backing 100% of the total principal.
 
c         Security is subject to a guarantee provided by Societe Generale de France, backing 100% of the total principal.
 
d
Currently a zero coupon security; will convert to 5.50% on August 1, 2021.
 
e
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
 
f
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
 
g
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.

‡
Security is in default.
 
 
 
 
 
 
For information on the Fund's significant accounting policies, please refer to the Fund's most recent shareholder reports.


 
 
 


 
#
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 under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be illiquid and restricted. At January 31, 2010, these securities amounted to approximately $2,741,651 or 1.0% of net assets applicable to common shareholders for Intermediate and approximately $7 or 0.0% of net assets applicable to common shareholders for New York.

 
 
 
 
 
 
 
 
 
 
(000’s omitted)
 
 
 
 
 
 
 
 
 
Restricted Security
 
 
 
 
 
 
 
 
Acquisition Date
 
 
 
 
 
 
 
 
Acquisition Cost
 
Acquisition
Cost
Percentage
of
Net Assets Applicable to Common Shareholders as of Acquisition Date
 
 
 
 
 
 
 
Value as of January 31, 2010
 
 
Fair Value Percentage of Net Assets Applicable to Common Shareholders as of January 31, 2010
Intermediate
New York Liberty
Dev. Corp. Rev.
(Nat’l Sports
Museum Proj.),
Ser. 2006-A, 6.13%,
due 2/15/19
 
 
 
 
 
8/4/2006
 
 
 
 
 
$1,100
 
 
 
 
 
0.4%
 
 
 
 
 
$0
 
 
 
 
 
0.0%
             
 
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
 
10/2/2006
 
3,000
 
1.0
 
2,742
 
1.0
 
New York
New York Liberty
Dev. Corp. Rev.
(Nat’l Sports
Museum Proj.),
Ser. 2006-A, 6.13%,
due 2/15/19
 
 
 
 
 
8/4/2006
 
 
 
 
 
660
 
 
 
 
 
0.9
 
 
 
 
 
0
 
 
 
 
 
0.0
















 
For information on the Fund's significant accounting policies, please refer to the Fund's most recent shareholder reports.
 
 
 
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 (“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/ Robert Conti      
  Robert Conti
  Chief Executive Officer
 
Date: March 31, 2010
 
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/ Robert Conti      
  Robert Conti
  Chief Executive Officer
 
Date: March 31, 2010
 
 
 By: /s/ John M. McGovern      
  John M. McGovern
  Treasurer and Principal Financial
  and Accounting Officer

Date: March 31, 2010