As filed with the Securities and Exchange Commission on March 31, 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.
------------------------------------------------------------
(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: January 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. 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 JANUARY 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)
TAX-EXEMPT SECURITIES-BACKED BY INSURANCE (81.3%)
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 1,044 ++
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 1,351
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 1,084 ^^
1,000 Fresno (CA) Unified Sch. Dist. Ref. G.O., Ser. 2002 A,
6.00%, due 2/1/17 AAA 1,177
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 2,072
500 Long Beach (CA) Fin. Au. Rev., Ser. 1992, 6.00%, due 11/1/17 AAA 583
1,045 Marin Co. (CA) Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002,
5.00%, due 7/1/17 AAA 1,110
1,445 Oceanside (CA) Cert. of Participation Ref. Rev., Ser. 2003
A, 5.25%, due 4/1/14 AAA 1,583
2,600 Sacramento (CA) Muni. Util. Dist. Elec. Rev., Ser. 1997 K,
5.70%, due 7/1/17 AAA 3,017
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 2,075
2,500 San Jose (CA) Fin. Au. Lease Rev. (Civic Ctr. Proj.), Ser.
2002 B, 5.25%, due 6/1/17 AAA 2,689
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 1,026 ++
FINANCIAL GUARANTY INSURANCE CO.
2,550 Contra Costa (CA) Comm. College Dist. G.O., Ser. 2002,
5.25%, due 8/1/17 Aaa AA- 2,755
1,000 Kings Canyon (CA) Joint Unified Sch. Dist. G.O., Ser. 2002,
5.38%, due 8/1/17 1,089 ^^
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 5,375
1,090 Moreland (CA) Sch. Dist. Ref. G.O., Ser. 2002, 5.13%, due
9/1/17 AA- 1,166
535 Nevada & Placer Cos. (CA) Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, 5.00%, due 1/1/16 AAA 571
565 Nevada & Placer Cos. (CA) Irrigation Dist. Cert. of
Participation Rev., Ser. 2002, 5.00%, due 1/1/17 AAA 601
1,045 Oakland (CA) G.O., Ser. 2002 A, 5.00%, due 1/15/15 AAA 1,113
1,210 Oakland (CA) G.O., Ser. 2002 A, 5.00%, due 1/15/18 A1 A+ 1,281
1,290 Oakland (CA) Redev. Agcy. Sub. Tax Allocation Rev. (Central
Dist. Redev. Proj.), Ser. 2003, 5.50%, due 9/1/17 AAA 1,426
2,655 Riverside Co. (CA) Eastern Muni. Wtr. Dist. Cert. of
Participation Wtr. & Swr. Rev., Ser. 2001 A, 5.00%, due
7/1/19 Aa2 AA 2,799
2,000 San Diego (CA) Unified Sch. Dist. G.O., Ser. 2002 D, 5.25%,
due 7/1/21 Aaa AAA 2,192
1,500 San Francisco (CA) City & Co. Int'l. Arpt. Second Ser. Rev.,
5.25%, due 5/1/16 AAA 1,579
FINANCIAL SECURITY ASSURANCE INC.
1,000 Burbank (CA) Pub. Svc. Dept. Elec. Rev., Ser. 1998, 5.13%,
due 6/1/16 AAA 1,052
3,000 California St. Pub. Works Board Lease Rev. (Regents of the
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 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)
Univ. of California, UCLA Replacement Hosp.), Ser. 2002 A,
5.38%, due 10/1/13 AAA 3,300
1,275 Los Angeles Co. (CA) Long Beach Unified Sch. Dist. G.O.,
Ser. 2002 D, 5.00%, due 8/1/17 AAA 1,352
500 Marin Co. (CA) Dixie Elementary Sch. Dist. G.O., Ser. 2000
A, 5.38%, due 8/1/17 AAA 542
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, 5.25%, due
8/1/17 AAA 3,255
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, 5.25%, due
8/1/21 Aaa AAA 1,081
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 5,296
1,000 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B, 5.00%, due
3/1/11 AAA 1,056
1,615 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B, 5.00%, due
3/1/12 AAA 1,712
1,620 Santa Clara Co. (CA) Fremont Union High Sch. Dist. G.O.,
Ser. 2002 C, 5.00%, due 9/1/20 Aa2 AA 1,757
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 1,363
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas &
Elec. Co.), Ser. 1996 A, 5.35%, due 12/1/16 AAA 4,295 ++
2,835 Glendale (CA) Redev. Agcy. Tax Allocation Rev. (Central
Glendale Redev. Proj.), Ser. 2002, 5.00%, due 12/1/16 AAA 3,042
2,480 Glendale (CA) Redev. Agcy. Tax Allocation Rev. (Central
Glendale Redev. Proj.), Ser. 2002, 5.25%, due 12/1/17 AAA 2,692
3,890 Port of Oakland (CA) Ref. Rev., Ser. 2002 N, 5.00%, due
11/1/13 AAA 4,101
3,905 Solano Co. (CA) Cert. of Participation Rev., Ser. 2002,
5.25%, due 11/1/17 AAA 4,217
1,000 Univ. of California Regents Rev. (Multi. Purp. Proj.), Ser.
2000 K, 5.00%, due 9/1/12 AAA 1,054
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81,925
--------------
TAX-EXEMPT SECURITIES-OTHER (75.4%)
780 Abag (CA) Fin. Au. Cert. of Participation Rev. (Channing
House), Ser. 1999, 4.90%, due 2/15/09 BBB+ 802 ++
3,050 Abag (CA) Fin. Au. Cert. of Participation Rev. (Episcopal
Homes Foundation), Ser. 1998, 5.13%, due 7/1/18 BBB+ 3,120 ++
1,000 Abag (CA) Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003
C, 5.13%, due 3/1/18 Baa1 BBB+ 1,033 ++
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 1,006 ++
750 Brazos (TX) River Au. Ref. Rev. (Reliant Energy, Inc.
Proj.), Ser. 1999 B, 7.75%, due 12/1/18 BBB- 822 ++
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- 1,028 ++
640 California Co. (CA) Tobacco Securitization Agcy. Tobacco
Settlement Asset-Backed Rev., Ser. 2002, 4.75%, due 6/1/19 Baa3 BBB 646
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford Univ.), Ser.
2001 R, 5.00%, due 11/1/21 Aaa AAA 1,840 ++
2,000 California Hlth. Fac. Fin. Au. Ref. Rev. (Cedars-Sinai Med.
Ctr.), Ser. 2005, 5.00%, due 11/15/21 A3 2,075 ++
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare
West), Ser. 2004 I, 4.95%, due 7/1/26 Baa1 A- 2,089 ++
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 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)
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med.
Ctr.), Ser. 1999 A, 6.13%, due 12/1/19 A3 2,216 ++
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser Permanente),
Ser. 1998 B, 5.00%, due 10/1/20 AAA 1,040 ++
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 Baa3 BBB 1,583 ++
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 1,015 ++
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 3,081 ++
4,500 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser.
2002 A, 5.75%, due 5/1/17 A2 BBB+ 5,083
1,000 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser.
2002 A, 5.38%, due 5/1/22 A2 BBB+ 1,109
2,250 California St. G.O., Ser. 2002, 5.00%, due 10/1/17 A2 A 2,368
1,095 California St. Pub. Works Board Lease Rev. (California Comm.
Colleges), Ser. 2004 B, 5.50%, due 6/1/20 Baa1 BBB- 1,192
1,000 California St. Univ., Fresno Assoc., Inc. Rev. (Auxiliary
Organization Event Ctr.), Ser. 2002, 5.00%, due 7/1/12 Baa3 BBB- 1,079
2,000 California Statewide CDA Cert. of Participation Rev.
(Children's Hosp. Los Angeles), Ser. 1999, 5.13%, due
8/15/19 A3 A 2,075 ++
2,000 California Statewide CDA Cert. of Participation Rev. (The
Internext Group), Ser. 1999, 5.38%, due 4/1/17 BBB 2,047 ++
1,000 California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.),
Ser. 2005 A, 5.00%, due 3/1/20 A A 1,041 ++
5,000 California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.),
Ser. 2003 A, 6.00%, due 10/1/16 A3 A 5,525 ++
3,000 California Statewide CDA Rev. (Kaiser Permanente), Ser. 2002
E, 4.70%, due 11/1/36 Putable 6/1/09 A3 3,089 ++
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- 1,038 ++
1,020 Cerritos (CA) Pub. Fin. Au. Sub. Tax Allocation Rev.
(Cerritos Redev. Proj.), Ser. 2002 B, 4.40%, due 11/1/16 BBB 1,005
500 Coshocton Co. (OH) Env. Imp. Ref. Rev. (Smurfit-Stone
Container Enterprises, Inc. Proj.), Ser. 2005, 5.13%, due
8/1/13 B 458 ++
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+ 1,073 ++
500 Dallas-Fort Worth (TX) Int'l. Arpt. Fac. Imp. Corp. Rev.,
Ser. 2004 A-1, 6.15%, due 1/1/16 Baa2 505 ++
1,000 De Kalb Co. (GA) Dev. Au. Ref. PCR (General Motors Corp.
Proj.), Ser. 2002, 6.00%, due 3/15/21 Baa3 BBB- 810 ++
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+ 1,294
700 Guam Govt Waterworks Au. Wtr & Wastewater, Sys. Rev. Ser.
2005, 5.50%, due 7/1/16 Ba2 737
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- 1,281
750 Miami Beach (FL) Hlth. Fac. Au. Hosp. Ref. Rev. (Mount Sinai
Med. Ctr. Florida Proj.), Ser. 2004, 6.25%, due 11/15/09 Ba2 BB+ 798 ++
1,500 Morehouse Parish (LA) Ref. PCR (Int'l. Paper Co. Proj.),
Ser. 2001 A, 5.25%, due 11/15/13 Baa2 BBB 1,553 ++
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2006 (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)
500 New York City (NY) IDA Spec. Fac. Rev. (American Airlines,
Inc. J.F.K. Int'l Arpt. Proj.), Ser. 2005, 7.50%, due 8/1/16 B- 512 ++
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 BB 522
1,405 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev.,
Ser. 2003 A, 5.50%, due 1/1/14 A3 BBB+ 1,515
605 Oakland (CA) Redev. Agcy. Rev. (Coliseum Area Redev. Proj.),
Ser. 2003, 5.00%, due 9/1/16 A- 631
635 Oakland (CA) Redev. Agcy. Rev. (Coliseum Area Redev. Proj.),
Ser. 2003, 5.00%, due 9/1/17 A- 658
1,320 Puerto Rico Children's Trust Tobacco Settlement Asset-Backed
Rev., Ser. 2002, 5.38%, due 5/15/33 Baa3 BBB 1,348
440 Roseville (CA) Stone Point Comm. Fac. District No. 1 Special
Tax Rev., Ser. 2003, 5.70%, due 9/1/17 BB+ 458
830 San Diego (CA) Redev. Agcy. Sub. Parking Rev. (Centre City
Redev. Proj.), Ser. 2003 B, 4.80%, due 9/1/15 Baa2 A- 848
820 San Diego (CA) Redev. Agcy. Sub. Parking Rev. (Centre City
Redev. Proj.), Ser. 2003 B, 4.90%, due 9/1/16 Baa2 A- 838
3,000 San Francisco (CA) Bay Area Toll Au. Toll Bridge Rev., Ser.
2001 D, 5.00%, due 4/1/17 Aa3 AA 3,147
1,000 Santa Rosa (CA) Rancheria Tachi Yokut Tribe Enterprise Rev.,
Ser. 2003, 6.13%, due 3/1/13 BBB 1,013
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 1,072
1,250 Tobacco Settlement Fin. Corp. (LA) Tobacco Settlement
Asset-Backed Rev., Ser. 2001 B, 5.50%, due 5/15/30 Baa3 BBB 1,302
600 Univ. of California Regents Cert. of Participation Rev. (San
Diego Campus & Sacramento Proj.), Ser. 2002 A, 5.25%, due
1/1/18 Aa2 637
750 Verrado (AZ) Comm. Fac. Dist. Number 1 G.O., Ser. 2003,
6.15%, due 7/15/17 BB- 802
250 Virgin Islands Pub. Fin. Au. Refinery Fac. Rev. (HOVENSA
Refinery), Ser. 2003, 6.13%, due 7/1/22 Baa3 BBB- 270
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin Islands Matching
Fund Loan Notes), Ser. 1998 E, 6.00%, due 10/1/22 BBB 794
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., Ser.
1998, 5.30%, due 7/1/18 BBB 1,004
--------------
75,927
--------------
TAX-EXEMPT VARIABLE RATE DEMAND NOTES (0.2%)
200 California St. Daily Kindergarten University, Ser. 2004 B-1,
3.05%, due 2/1/06 VMIG1 A-1+ 200
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TAX-EXEMPT VARIABLE RATE DEMAND NOTES-BACKED BY LETTERS OF CREDIT (0.1%)
BANK OF AMERICA
44 Irvine (CA) Ltd. Oblig. Imp. (Assessment Dist. No 93-14),
Ser. 2000, 3.04%, due 2/1/06 VMIG1 A-1+ 44
CITIBANK, N.A.
100 Los Angeles (CA) Wtr. & Pwr. Rev., Sub. Ser. 2001 B-3,
3.05%, due 2/1/06 VMIG1 A-1+ 100(o)^
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144
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TOTAL INVESTMENTS (157.0%) (COST $153,973) 158,196##
Cash, receivables and other assets, less liabilities (1.6%) 1,561
Liquidation Value of Auction Market Preferred Shares [(58.6%)] (59,000)
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SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2006 (UNAUDITED)
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
---------------------------------------------------------------------------
VALUE+
($000's omitted)
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $100,757
---------------
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 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") (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 the Funds' Board of Directors has approved on the
belief that they reflect fair value. Numerous factors may be considered when
determining the fair value of a security, including available analyst, media
or other reports, trading in futures or ADRs and whether the issuer of the
security being fair valued has other securities outstanding. Short-term debt
securities with less than 60 days until maturity may be valued at cost
which, when combined with interest earned, approximates market value.
## At January 31, 2006, 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 $153,973 $4,477 $254 $4,223
INTERMEDIATE 468,339 13,994 989 13,005
NEW YORK 125,749 2,906 618 2,288
@ 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 78%, 74%, 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.
++ Security is guaranteed by the corporate or non-profit obligor.
** 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 adviser to be liquid. At January 31, 2006, these
securities amounted to $6,326,000 or 2.1% of net assets applicable to common
shareholders for Intermediate.
^^ Not rated by a NRSRO.
(u) Floating rate securities are securities whose yields vary with a designated
market index or market rate. These securities are shown at their current
rates as of January 31, 2006.
(o) Security is subject to a guarantee provided by State Street Bank & Trust
Co., backing 37% of the total principal.
^ Security is subject to a guarantee provided by National Australia Bank,
backing 25% of the total principal.
For more information on the Funds' significant accounting policies, please refer
to the Funds' most recent 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: March 30, 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: March 30, 2006
By: /s/ John M. McGovern
-----------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: March 30, 2006