As filed with the Securities and Exchange Commission on April 1, 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 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: January 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, 450 Fifth Street, NW, 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 JANUARY 31, 2005 (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 (84.5%)
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 1,062++
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 1,368
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 1,104
1,000 Fresno (CA) Unified Sch. Dist. Ref.
G.O., Ser. 2002 A, 6.00%, due 2/1/17 AAA 1,214
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 2,131
500 Long Beach (CA) Fin. Au. Rev., Ser.
1992, 6.00%, due 11/1/17 AAA 594
1,045 Marin Co. (CA) Muni. Wtr. Dist. Wtr.
Ref. Rev., Ser. 2002, 5.00%, due 7/1/17 AAA 1,139
1,445 Oceanside (CA) Cert. of Participation
Ref. Rev., Ser. 2003 A, 5.25%, due 4/1/14 AAA 1,618
2,600 Sacramento (CA) Muni. Util. Dist. Elec.
Rev., Ser. 1997 K, 5.70%, due 7/1/17 AAA 3,077
500 Salinas Valley (CA) Solid Waste Au.
Rev., Ser. 2002, 5.00%, due 8/1/06 AAA 518
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 2,135
2,500 San Jose (CA) Fin. Au. Lease Rev. (Civic
Ctr. Proj.), Ser. 2002 B, 5.25%, due 6/1/17 AAA 2,767
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 1,033++
FINANCIAL GUARANTY INSURANCE CO.
2,550 Contra Costa (CA) Comm. College Dist.
G.O., Ser. 2002, 5.25%, due 8/1/17 AAA 2,835
1,000 Kings Canyon (CA) Joint Unified Sch.
Dist. G.O., Ser. 2002, 5.38%, due 8/1/17 Aaa AAA 1,121
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 5,530
1,090 Moreland (CA) Sch. Dist. Ref. G.O., Ser.
2002, 5.13%, due 9/1/17 AAA 1,202
535 Nevada & Placer Cos. (CA) Irrigation
Dist. Cert. of Participation Rev., Ser. 2002,
5.00%, due 1/1/16 AAA 581
565 Nevada & Placer Cos. (CA) Irrigation
Dist. Cert. of Participation Rev., Ser. 2002,
5.00%, due 1/1/17 AAA 610
1,045 Oakland (CA) G.O., Ser. 2002 A, 5.00%,
due 1/15/15 AAA 1,138
1,210 Oakland (CA) G.O., Ser. 2002 A, 5.00%,
due 1/15/18 AAA 1,315
1,290 Oakland (CA) Redev. Agcy. Sub. Tax
Allocation Rev. (Central
Dist. Redev. Proj.), Ser. 2003, 5.50%,
due 9/1/17 AAA 1,453
575 Port of Oakland (CA) Rev., Ser. 2002 M,
5.25%, due 11/1/17 AAA 641
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 2,821
2,000 San Diego (CA) Unified Sch. Dist. G.O.,
Ser. 2002 D, 5.25%, due 7/1/21 Aaa AAA 2,261
1,500 San Francisco (CA) City & Co. Int'l.
Arpt. Second Ser. Rev., 5.25%, due 5/1/16 AAA 1,584
FINANCIAL SECURITY ASSURANCE INC.
1,000 Burbank (CA) Pub. Svc. Dept. Elec. Rev.,
Ser. 1998, 5.13%,
due 6/1/16 AAA 1,077
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2005 (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)
1,000 California St. Dept. of Wtr. Res. Wtr. Rev.,
Ser. 2001 W, 5.50%, due 12/1/13 Aaa AAA 1,163
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 3,397
1,275 Los Angeles Co. (CA) Long Beach Unified Sch.
Dist. G.O., Ser. 2002 D, 5.00%, due 8/1/17 AAA 1,384
500 Marin Co.(CA) Dixie Elementary Sch. Dist.
G.O., Ser. 2000 A, 5.38%, due 8/1/17 AAA 555
3,000 Puerto Rico Muni. Fin.
Agcy. Rev., Ser. 2002 A, 5.25%, due 8/1/17 AAA 3,340
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser.
2002 A, 5.25%, due 8/1/21 Aaa AAA 1,118
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 5,384
1,000 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B,
5.00%, due 3/1/11 AAA 1,086
1,615 San Jose (CA) Arpt. Ref. Rev., Ser. 2002 B,
5.00%, due 3/1/12 AAA 1,757
1,620 Santa Clara Co. (CA) Fremont Union High Sch.
Dist. G.O., Ser. 2002 C, 5.00%, due 9/1/20 Aaa AAA 1,755
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 1,402
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR
(Pacific Gas & Elec. Co.), Ser. 1996 A, 5.35%,
due 12/1/16 AAA 4,345++
2,835 Glendale (CA) Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
5.00%, due 12/1/16 AAA 3,102
2,480 Glendale (CA) Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
5.25%, due 12/1/17 AAA 2,758
3,890 Port of Oakland (CA) Ref. Rev., Ser. 2002 N,
5.00%, due 11/1/13 AAA 4,229
750 Santa Clara Co. (CA) Saratoga Union Sch. Dist.
Ref. G.O., Ser. 1999, 5.13%, due 9/1/11 AAA 844
3,905 Solano Co. (CA) Cert. of Participation Rev.,
Ser. 2002, 5.25%, due 11/1/17 AAA 4,335
1,000 Univ. of California Regents Rev. (Multi. Purp.
Proj.), Ser. 2000 K, 5.00%, due 9/1/12 AAA 1,086
---------
86,969
---------
TAX-EXEMPT SECURITIES-OTHER (69.6%)
780 Abag (CA) Fin. Au. Cert. of Participation Rev.
(Channing House), Ser. 1999, 4.90%,
due 2/15/09 BBB+ 818++
3,050 Abag (CA) Fin. Au. Cert. of Participation Rev.
(Episcopal Homes Foundation), Ser. 1998,
5.13%, due 7/1/18 BBB+ 3,113++
1,000 Abag (CA) Fin. Au. Rev. (San Diego Hosp.
Assoc.), Ser. 2003 C, 5.13%, due 3/1/18 Baa1 BBB+ 1,026++
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 1,045++
750 Brazos (TX) River Au. Ref. Rev. (Reliant
Energy, Inc. Proj.), Ser. 1999 B, 7.75%,
due 12/1/18 Ba1 BBB- 832++
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 1,063++
765 California Co. (CA) Tobacco Securitization
Agcy. Tobacco Settlement Asset-Backed Rev.,
Ser. 2002, 4.75%, due 6/1/19 Baa3 BBB 769
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford
Univ.), Ser. 2001 R, 5.00%, due 11/1/21 Aaa AAA 1,891++
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2005 (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)
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic
Healthcare West), Ser. 2004 I, 4.95%,
due 7/1/26 Baa1 BBB+ 2,100++
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-
Sinai Med. Ctr.), Ser. 1999 A, 6.13%,
due 12/1/19 A3 2,210++
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser
Permanente), Ser. 1998 B, 5.00%, due 10/1/20 AAA 1,076++
1,500 California Poll. Ctrl. Fin. Au. Solid Waste
Disp. Rev. (Republic Svc., Inc. Proj.), Ser.
2002 B, 5.25%, due 6/1/23 Baa3 BBB 1,609++
2,500 California Poll. Ctrl. Fin. Au. Solid Waste
Disp. Rev. (Waste Management, Inc. Proj.),
Ser. 2002 B, 4.45%, due 7/1/27 Putable 7/1/05 BBB 2,514++
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 12/1/17 BBB 1,036++
4,500 California St. Dept. of Wtr. Res. Pwr. Supply
Rev., Ser. 2002 A, 5.75%, due 5/1/17 A3 BBB+ 5,092
1,000 California St. Dept. of Wtr. Res. Pwr. Supply
Rev., Ser. 2002 A, 5.38%, due 5/1/22 A3 BBB+ 1,090
2,250 California St. G.O., Ser. 2002, 5.00%,
due 10/1/17 A1 A+ 2,422
1,095 California St. Pub. Works Board Lease Rev.
(California Comm. Colleges), Ser. 2004 B,
5.50%, due 6/1/20 Baa2 BBB- 1,228
1,000 California St. Univ., Fresno Assoc., Inc. Rev.
(Auxiliary Organization Event Ctr.),
Ser. 2002, 5.00%, due 7/1/12 Baa3 BBB- 1,058
2,000 California Statewide CDA Cert. of
Participation Rev. (Children's Hosp. Los
Angeles), Ser. 1999, 5.13%, due 8/15/19 A2 A+ 2,079++
2,000 California Statewide CDA Cert. of
Participation Rev. (The Internext Group),
Ser. 1999, 5.38%, due 4/1/17 BBB 2,057++
5,000 California Statewide CDA Hlth. Fac. Rev.
(Mem. Hlth. Svcs.), Ser. 2003 A, 6.00%,
due 10/1/16 A3 A 5,661++
500 California Statewide CDA Rev. (East Valley
Tourist Dev. Au.), Ser. 2003 A, 9.25%,
due 10/1/20 BB 548
3,000 California Statewide CDA Rev. (Kaiser
Permanente), Ser. 2002 E, 4.70%, due 11/1/36
Putable 6/1/09 A3 3,174++
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 Baa1 BBB+ 1,054++
1,020 Cerritos (CA) Pub. Fin. Au. Sub. Tax
Allocation Rev. (Cerritos Redev. Proj.), Ser.
2002 B, 4.40%, due 11/1/16 BBB 1,015
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+ 1,084++
500 Dallas-Fort Worth (TX) Int'l. Arpt. Fac. Imp.
Corp. Rev., Ser. 2004 A-1, 6.15%, due 1/1/16 Baa3 BBB- 500++
1,000 De Kalb Co. (GA) Dev. Au. Ref. PCR (General
Motors Corp. Proj.), Ser. 2002, 6.00%,
due 3/15/21 A3 BBB 1,078++
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+ 1,264
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 1,307
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 773++
1,500 Morehouse Parish (LA) Ref. PCR (Int'l.
Paper Co. Proj.), Ser. 2001 A, 5.25%,
due 11/15/13 Baa2 BBB 1,625++
1,405 North Carolina Muni. Pwr. Agcy. Number 1
Catawba Elec. Rev., Ser. 2003 A, 5.50%,
due 1/1/14 Baa1 BBB+ 1,547
605 Oakland (CA) Redev. Agcy. Rev. (Coliseum
Area Redev. Proj.), Ser. 2003, 5.00%,
due 9/1/16 A- 636
635 Oakland (CA) Redev. Agcy. Rev. (Coliseum Area
Redev. Proj.), Ser. 2003, 5.00%, due 9/1/17 A- 666
1,365 Puerto Rico Children's Trust Tobacco
Settlement Asset-Backed
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2005 (UNAUDITED)
SCHEDULE OF INVESTMENTS CALIFORNIA INTERMEDIATE MUNICIPAL FUND INC.
-------------------------------------------------------------------
PRINCIPAL AMOUNT SECURITY@ RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
Rev., Ser. 2002, 5.38%, due 5/15/33 Baa3 BBB 1,331
440 Roseville (CA) Stone Point Comm.
Fac. District No. 1 Special
Tax Rev., Ser. 2003, 5.70%, due 9/1/17 BB+ 455
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- 846
3,000 San Francisco (CA) Bay Area Toll
Au. Toll Bridge Rev., Ser.
2001 D, 5.00%, due 4/1/17 Aa3 AA 3,260
1,000 Santa Rosa (CA) Rancheria Tachi
Yokut Tribe Enterprise Rev.,
Ser. 2003, 6.13%, due 3/1/13 BBB 1,005
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 1,094
1,250 Tobacco Settlement Fin. Corp.
(LA) Tobacco Settlement
Asset-Backed Rev., Ser. 2001 B,
5.50%, due 5/15/30 Baa3 BBB 1,197
600 Univ. of California Regents
Cert. of Participation Rev. (San
Diego Campus & Sacramento
Proj.), Ser. 2002 A, 5.25%, due 1/1/18 Aa2 644
750 Verrado (AZ) Comm. Fac. Dist.
Number 1 G.O., Ser. 2003,
6.15%, due 7/15/17 BB- 767
250 Virgin Islands Pub. Fin. Au.
Refinery Fac. Rev. (HOVENSA
Refinery Proj.), Ser. 2003,
6.13%, due 7/1/22 Baa3 BBB- 269
750 Virgin Islands Pub. Fin. Au.
Rev. (Virgin Islands Matching
Fund Loan Notes), Ser. 1998 E,
6.00%, due 10/1/22 BBB 772
1,000 Virgin Islands Wtr. & Pwr. Au.
Elec. Sys. Ref. Rev., Ser.
1998, 5.30%, due 7/1/18 BBB 1,027
---------
71,581
---------
TAX-EXEMPT VARIABLE RATE DEMAND NOTES-BACKED BY LETTERS OF CREDIT (1.7%)
BANK OF AMERICA
500 California St. Econ. Rec. Rev., Ser. 2004
C-2, 1.67%, VRDN due 2/1/05 VMIGI A-1+ 500
280 Irvine (CA) Ltd. Oblig. Imp. (Assessment
Dist. No 93-14), Ser. 2000, 1.67%,
VRDN due 2/1/05 VMIGI A-1+ 280
600 Newport Beach (CA) Rev. (Hoag Mem. Hosp.
Presbyterian), Ser. 1992, 1.60%, VRDN
due 2/1/05 VMIGI A-1+ 600++
EXXON-MOBIL OIL CORP.
200 California Poll. Ctrl. Fin. Au. Ref. PCR
(Exxon Proj.), Ser. 1989, 1.49%, VRDN
due 2/1/05 P-1 A-1+ 200++
STATE STREET BANK
200 Irvine Ranch (CA) Wtr. Dist. G.O., Ser. 1995,
1.67%, VRDN due 2/1/05 VMIGI A-1+ 200
---------
1,780
---------
TOTAL INVESTMENTS (155.8%) (COST $153,945) 160,330##
Cash, receivables and other assets, less
liabilities (1.5%) 1,566
Liquidation Value of Auction Market Preferred
Shares [(57.3%)] (59,000)
---------
TOTAL NET ASSETS APPLICABLE TO
COMMON SHAREHOLDERS (100.0%) $102,896
---------
SEE NOTES TO SCHEDULE OF INVESTMENTS
NEUBERGER BERMAN JANUARY 31, 2005 (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",
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
Board of Directors of California, Intermediate, and New York, 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 January 31, 2005, 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 $153,945 $ 6,385 $ 0 $ 6,385
INTERMEDIATE 469,025 20,602 209 20,393
NEW YORK 125,830 4,593 25 4,568
@ 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%, 73%, 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 January 31, 2005, these securities amounted to
$4,570,048 or 1.45% of net assets for Intermediate.
^^ Not rated by a nationally recognized statistical rating organization.
For 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, 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: March 30, 2005
By: /s/John McGovern
----------------------
John McGovern
Acting Treasurer and Principal Financial
and Accounting Officer
Date: March 30, 2005