As filed with the Securities and Exchange Commission on September 29, 2008
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.
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, 2008
Date of reporting period: July 31, 2008
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 ({section} 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
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. {section} 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
JULY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc.
-------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) VALUE(+)
($000's omitted) ($000's omitted)
ARIZONA (0.8%)
750 Verrado Comm. Fac. Dist. Number 1 G.O., Ser.
2003, 6.15%, due 7/15/17 759
CALIFORNIA(140.4%)
270 Abag Fin. Au. Cert. of Participation Rev.
(Channing House), Ser. 1999, 4.90%, due
2/15/09 271(B)
3,050 Abag Fin. Au. Cert. of Participation Rev.
(Episcopal Homes Foundation), Ser. 1998,
5.13%, due 7/1/18 3,000(B)
1,000 Abag Fin. Au. Rev. (San Diego Hosp. Assoc.),
Ser. 2003 C, 5.13%, due 3/1/18 1,009(B)
1,250 Alameda Co. Cert. of Participation Ref. Rev.,
Ser. 2001 A, (MBIA Insured), 5.38%, due
12/1/17 1,316
1,285 Bay Area Governments Assoc. BART SFO
Extension Rev. (Arpt. Premium Fare), Ser.
2002 A, (AMBAC Insured), 5.00%, due 8/1/21 1,302
1,000 Burbank Pub. Svc. Dept. Elec. Rev., Ser.
1998, (FSA Insured), 5.13%, due 6/1/16 1,011
365 California Co. Tobacco Securitization Agcy.
Tobacco Settlement Asset-Backed Rev., Ser.
2002, 4.75%, due 6/1/19 362
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford
Univ.), Ser. 2001 R, 5.00%, due 11/1/21 1,795(B)
2,000 California HFA Home Mtge. Rev., Ser. 2006 E,
(FGIC Insured), 4.88%, due 2/1/17 1,925
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic
Healthcare West), Ser. 2004 I, 4.95%, due
7/1/26 Putable 7/1/14 2,035(u)(B)
2,000 California Hlth. Fac. Fin. Au. Rev.
(Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%,
due 11/15/21 2,010(B)
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser
Permanente), Ser. 1998 B, 5.00%, due 10/1/20 1,014(B)
1,100 California Infrastructure & Econ. Dev. Bank
Rev. (Los Angeles Co. Museum of Nat'l History
Foundation), Ser. 2008 A, (LOC: Allied Irish
Bank), 1.90%, due 8/1/08 1,100(u)(B)
500 California Muni. Fin. Au. Ed. Rev. (American
Heritage Ed. Foundation Proj.), Ser. 2006 A,
5.00%, due 6/1/16 484(B)
1,040 California Muni. Fin. Au. Rev. (Loma Linda
Univ.), Ser. 2007, 5.00%, due 4/1/21 1,045
300 California Poll. Ctrl. Fin. Au., Ref. PCR
(Pacific Gas & Elec. Co.), Ser. 1997 B, (LOC:
JP Morgan Chase), 2.30%, due 8/1/08 300(u)(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 4,091(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 1,422(u)(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 2,522(B)
4,500 California St. Dept. of Wtr. Res. Pwr. Supply
Rev., Ser. 2002 A, 5.75%, due 5/1/17
Pre-Refunded 5/1/12 5,015
1,000 California St. Dept. of Wtr. Res. Pwr. Supply
Rev., Ser. 2002 A, 5.38%, due 5/1/22
Pre-Refunded 5/1/12 1,101
1,470 California St. Dept. of Wtr. Rev. (Ctrl.
Valley Proj.), Ser. 2008 AE, 5.00%, due
12/1/20 1,567
2,250 California St. G.O., Ser. 2002, 5.00%, due
10/1/17 2,345
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 1,065
1,095 California St. Pub. Works Board Lease Rev.
(California Comm. Colleges), Ser. 2004 B,
5.50%, due 6/1/20 1,150
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 3,251
See Notes to Schedule of Investments
JULY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) VALUE(+)
($000's omitted) ($000's omitted)
1,000 California St. Univ. Fresno Assoc., Inc. Rev.
(Auxiliary Organization Event Ctr.), Ser.
2002, 5.00%, due 7/1/12 1,076
2,000 California Statewide CDA Cert. of
Participation Rev. (Children's Hosp. Los
Angeles), Ser. 1999, 5.13%, due 8/15/19 2,002(B)
1,630 California Statewide CDA Cert. of
Participation Rev. (The Internext Group),
Ser. 1999, 5.38%, due 4/1/17 1,634(B)
1,000 California Statewide CDA Hlth. Fac. Rev.
(Adventist Hlth.), Ser. 2005 A, 5.00%, due
3/1/20 986(B)
5,000 California Statewide CDA Hlth. Fac. Rev.
(Mem. Hlth. Svcs.), Ser. 2003 A, 6.00%, due
10/1/16 5,320(B)
1,500 California Statewide CDA Rev. (California
Baptist Univ.), Ser. 2007 A, 5.30%, due
11/1/18 1,443(B)
1,000 California Statewide CDA Rev. (Daughters of
Charity Hlth.), Ser. 2005 G, 5.00%, due
7/1/22 961(B)
500 California Statewide CDA Rev. (Valley Care
Hlth. Sys.), Ser. 2007 A, 4.80%, due 7/15/17 467(B)
1,020 Cerritos Pub. Fin. Au. Sub. Tax Allocation
Rev. (Cerritos Redev. Proj.), Ser. 2002 B,
4.40%, due 11/1/16 1,010
2,550 Contra Costa Comm. College Dist. G.O., Ser.
2002, (FGIC Insured), 5.25%, due 8/1/17 2,694
1,365 Daly City Hsg. Dev. Fin. Agcy. Rev. Ref.
(Franciscan Mobile Home Park), Ser. 2007 A,
5.00%, due 12/15/21 1,353(B)
820 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser.
2007 B, 4.40%, due 9/1/12 803
250 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser.
2007 B, 4.40%, due 9/1/13 242
2,000 Fresno Joint Pwr. Fin. Au. Lease Rev. (Master
Lease Proj.), Ser. 2008 A, 5.00%, due 4/1/23 2,054
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser.
2002 A, (MBIA Insured), 6.00%, due 2/1/17 1,103
2,835 Glendale Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
(MBIA Insured), 5.00%, due 12/1/16 2,912
2,480 Glendale Redev. Agcy. Tax Allocation Rev.
(Central Glendale Redev. Proj.), Ser. 2002,
(MBIA Insured), 5.25%, due 12/1/17 2,636
1,000 Kings Canyon Joint Unified Sch. Dist. G.O.,
Ser. 2002, (FGIC Insured), 5.38%, due 8/1/17 1,057
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 1,366
660 Long Beach Bond Fin. Au. Tax Allocation Rev.
(North Long Beach Proj.), Ser. 2002 A, (AMBAC
Insured), 5.38%, due 8/1/17 694
500 Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC
Insured), 6.00%, due 11/1/17 560
1,275 Los Angeles Co. Long Beach Unified Sch. Dist.
G.O., Ser. 2002 D, (FSA Insured), 5.00%, due
8/1/17 1,320
5,000 Los Angeles Dept. of Arpts. Rev. (Los Angeles
Int'l Arpt.), Ser. 2002 A, (FGIC Insured),
5.25%, due 5/15/18 5,194
500 Marin Co. Dixie Elementary Sch. Dist. G.O.,
Ser. 2000 A, (FSA Insured), 5.38%, due 8/1/17 523
1,045 Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev.,
Ser. 2002, (AMBAC Insured), 5.00%, due 7/1/17 1,086
1,090 Moreland Sch. Dist. Ref. G.O., Ser. 2002,
(FGIC Insured), 5.13%, due 9/1/17 1,141
1,000 Mountain House Pub. Fin. Au. Util. Sys. Rev.,
Ser. 2007, 5.00%, due 12/1/22 1,004
535 Nevada & Placer Cos. Irrigation Dist. Cert.
of Participation Rev., Ser. 2002, (FGIC
Insured), 5.00%, due 1/1/16 544
565 Nevada & Placer Cos. Irrigation Dist. Cert.
of Participation Rev., Ser. 2002, (FGIC
Insured), 5.00%, due 1/1/17 572
500 Northstar Comm. Svcs. Dist. Spec. Tax (Comm.
Facs. Dist. Number 1), Ser. 2006, 4.70%, due
9/1/18 458
500 Northstar Comm. Svcs. Dist. Spec. Tax (Comm.
Facs. Dist. Number 1), Ser. 2006, 4.75%, due
9/1/19 449
1,045 Oakland G.O., Ser. 2002 A, (FGIC Insured),
5.00%, due 1/15/15 1,085
1,210 Oakland G.O., Ser. 2002 A, (FGIC Insured),
5.00%, due 1/15/18 1,245
605 Oakland Redev. Agcy. Rev. (Coliseum Area
Redev. Proj.), Ser. 2003, 5.00%, due 9/1/16
Pre-Refunded 3/1/13 657
See Notes to Schedule of Investments
JULY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) VALUE(+)
($000's omitted) ($000's omitted)
635 Oakland Redev. Agcy. Rev. (Coliseum Area
Redev. Proj.), Ser. 2003, 5.00%, due 9/1/17
Pre-Refunded 3/1/13 690
1,290 Oakland Redev. Agcy. Sub. Tax Allocation Rev.
(Central Dist. Redev. Proj.), Ser. 2003,
(FGIC Insured), 5.50%, due 9/1/17 1,353
1,445 Oceanside Cert. of Participation Ref. Rev.,
Ser. 2003 A, (AMBAC Insured), 5.25%, due
4/1/14 1,548
3,890 Port of Oakland Ref. Rev., Ser. 2002 N, (MBIA
Insured), 5.00%, due 11/1/13 3,975
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 2,714
440 Roseville Stone Point Comm. Fac. District
Number 1 Special Tax Rev., Ser. 2003, 5.70%,
due 9/1/17 440
2,600 Sacramento Muni. Util. Dist. Elec. Rev., Ser.
1997 K, (AMBAC Insured), 5.70%, due 7/1/17 2,887
830 San Diego Redev. Agcy. Sub. Parking Rev.
(Centre City Redev. Proj.), Ser. 2003 B,
4.80%, due 9/1/15 836
820 San Diego Redev. Agcy. Sub. Parking Rev.
(Centre City Redev. Proj.), Ser. 2003 B,
4.90%, due 9/1/16 827
2,000 San Diego Unified Sch. Dist. G.O., Ser. 2002
D, (FGIC Insured), 5.25%, due 7/1/21 2,160
1,500 San Francisco Bay Area Toll Au. Toll Bridge
Rev., Ser. 2001 D, 5.00%, due 4/1/17
Pre-Refunded 4/1/11 1,595
1,500 San Francisco City & Co. Int'l Arpt. Rev.,
Ser. 1999 23A, (FGIC Insured), 5.25%, due
5/1/16 1,521
5,000 San Francisco City & Co. Redev. Agcy. Lease
Ref. Rev. (George R. Moscone Convention
Ctr.), Ser. 2003, (FSA Insured), 5.00%, due
7/1/17 5,194
1,000 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA
Insured), 5.00%, due 3/1/11 1,038
1,615 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA
Insured), 5.00%, due 3/1/12 1,685
2,500 San Jose Fin. Au. Lease Rev. (Civic Ctr.
Proj.), Ser. 2002 B, (AMBAC Insured), 5.25%,
due 6/1/17 2,628
925 San Jose Multi-Family Hsg. Rev. (Fallen
Leaves Apts. Proj.), Ser. 2002 J1, (AMBAC
Insured), 4.95%, due 12/1/22 875(B)
1,620 Santa Clara Co. Fremont Union High Sch. Dist.
G.O., Ser. 2002 C, (FSA Insured), 5.00%, due
9/1/20 1,758
1,000 Santa Rosa Rancheria Tachi Yokut Tribe
Enterprise Rev., Ser. 2003, 6.13%, due 3/1/13 997
525 Sierra View Local Hlth. Care Dist. Rev., Ser.
2007, 4.40%, due 7/1/13 531
505 Sierra View Local Hlth. Care Dist. Rev., Ser.
2007, 4.50%, due 7/1/14 510
3,905 Solano Co. Cert. of Participation Rev., Ser.
2002, (MBIA Insured), 5.25%, due 11/1/17
Pre-Refunded 11/1/12 4,288
920 South Gate Pub. Fin. Au. Tax Allocation Rev.
(South Gate Redev. Proj. Number 1), Ser.
2002, (XLCA Insured), 5.00%, due 9/1/16 944
400 Southern California Pub. Pwr. Au. Rev.
(Natural Gas Proj. Number 1), Ser. 2007 A,
5.00%, due 11/1/18 394
1,250 Sunnyvale Sch. Dist. G.O. (Election 2004),
Ser. 2005 A, (FSA Insured), 5.00%, due 9/1/21 1,304
1,300 Tulare Local Hlth. Care Dist., Ser. 2007,
5.00%, due 11/1/20 1,227
-------
135,078
FLORIDA (0.8%)
750 Miami Beach Hlth. Fac. Au. Hosp. Ref. Rev.
(Mount Sinai Med. Ctr. of Florida Proj.),
Ser. 2004, 6.25%, due 11/15/09 765(B)
GUAM (0.7%)
700 Guam Gov't Waterworks Au. Wtr. & Wastewater
Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 702
LOUISIANA (2.7%)
1,500 Morehouse Parish Ref. PCR (Int'l Paper Co.
Proj.), Ser. 2001 A, 5.25%, due 11/15/13 1,472(B)
1,250 Tobacco Settlement Fin. Corp. Tobacco
Settlement Asset-Backed Rev., Ser. 2001 B,
5.50%, due 5/15/30 1,129
-------
2,601
See Notes to Schedule of Investments
JULY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) VALUE(+)
($000's omitted) ($000's omitted)
NEW YORK (1.6%)
1,000 Nassau Co. IDA Continuing Care Retirement
Comm. Rev. (The Amsterdam Harborside), Ser.
2007 A, 5.88%, due 1/1/18 998(B)
500 New York City IDA Liberty Rev. (7 World Trade
Ctr., LLC Proj.), Ser. 2005 A, 6.25%, due
3/1/15 504
-------
1,502
NORTH CAROLINA (1.6%)
1,405 North Carolina Muni. Pwr. Agcy. Number 1
Catawba Elec. Rev., Ser. 2003 A, 5.50%, due
1/1/14 1,493
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 1,020(B)
PUERTO RICO (6.4%)
1,215 Puerto Rico Children's Trust Tobacco
Settlement Asset-Backed Rev., Ser. 2002,
5.38%, due 5/15/33 1,082
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 1,002(B)
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002
A, (FSA Insured), 5.25%, due 8/1/17 3,096
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002
A, (FSA Insured), 5.25%, due 8/1/21 1,022
-------
6,202
TEXAS (1.4%)
900 Brazos River Au. Ref. PCR (TXU Energy Co. LLC
Proj.), Ser. 2003 A, 6.75%, due 4/1/38
Putable 4/1/13 847(u)(B)
500 Dallas-Fort Worth Int'l Arpt. Fac. Imp. Corp.
Rev., Ser. 2004 A1, 6.15%, due 1/1/16 491(B)
-------
1,338
VIRGIN ISLANDS (2.0%)
250 Virgin Islands Pub. Fin. Au. Refinery Fac.
Rev. (HOVENSA Refinery), Ser. 2003, 6.13%,
due 7/1/22 248
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin
Islands Matching Fund Loan Notes), Ser. 1998
E, 6.00%, due 10/1/22 758
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys.
Ref. Rev., Ser. 1998, 5.30%, due 7/1/18 958
-------
1,964
TOTAL INVESTMENTS (159.5%) (COST $153,500) 153,424(##)
Cash, receivables and other assets, less
liabilities (1.8%) 1,758
Liquidation Value of Auction Market
Preferred Shares [(61.3%)] (59,000)
TOTAL NET ASSETS APPLICABLE TO COMMON
SHAREHOLDERS (100.0%) $96,182
See Notes to Schedule of Investments
JULY 31, 2008 (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 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. 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,
approximates market value.
(##) At July 31, 2008, selected Fund information on a U.S. federal income tax
basis was as follows:
(000'S OMITTED) NET
NEUBERGER BERMAN GROSS GROSS UNREALIZED
UNREALIZED UNREALIZED APPRECIATION
COST APPRECIATION DEPRECIATION (DEPRECIATION)
CALIFORNIA $153,500 $1,999 $2,075 $(76)
INTERMEDIATE 470,025 8,420 6,659 1,761
NEW YORK 125,058 1,509 1,398 111
(@) 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 Ratings Services, or Fitch, Inc. or, where not rated, are
determined by the Funds' investment manager to be of comparable quality.
Approximately 77%, 71%, and 66% 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.
(OO) All or a portion of this security is segregated as collateral for
when-issued purchase commitments.
(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, 2008.
For information on the Funds' significant accounting policies, please refer to
the Funds' most recent financial statements.
JULY 31, 2008 (UNAUDITED)
(a) Security is subject to a guarantee provided by Bayerische Landesbank,
backing 100% of the total principal.
For information on the Funds' significant accounting policies, please refer to
the Funds' most recent financial statements.
ITEM 2. CONTROLS AND PROCEDURES.
On September 15, 2008 Lehman Brothers Holdings Inc., a publicly owned
holding company which wholly owns Neuberger Berman Management LLC, Neuberger
Berman, LLC and Lehman Brothers Asset Management LLC, filed a voluntary petition
under Chapter 11 of the U.S. Bankruptcy Code.
On September 29, 2008 it was announced that Bain Capital Partners, LLC and
Hellman & Friedman LLC agreed to acquire, subject to certain approvals including
the Lehman Brothers Holdings Inc. bankruptcy court approval, Neuberger Berman
and the fixed income and certain alternative asset management businesses of
Lehman Brothers' Investment Management Division, in a cash transaction with
Lehman Brothers Holdings Inc.
In the meantime, Neuberger Berman Management LLC, Neuberger Berman, LLC and
Lehman Brothers Asset Management LLC will continue to operate in the ordinary
course of business as the investment manager/sub-adviser of the Neuberger
Berman/Lehman Brothers Funds.
(a) Based on an evaluation of the disclosure controls and procedures (as
defined in rule 30a-3(c) under the 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/ Peter E. Sundman
---------------------
Peter E. Sundman
Chief Executive Officer
Date: September 29, 2008
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 29, 2008
By:/s/John M. McGovern
--------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: September 29, 2008