As filed with the Securities and Exchange Commission on March 31, 2015
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21167
NEUBERGER BERMAN CALIFORNIA INTERMEDIATE MUNICIPAL FUND INC.
(Exact Name of the Registrant as Specified in Charter)
c/o Neuberger Berman Management LLC
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.
c/o Neuberger Berman Management LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
Arthur C. 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
Date of reporting period: January 31, 2015
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 the 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.
 
 
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited) 1/31/15
 
 
Principal Amount
Value
($000's omitted)
($000's omitted)z
 
 
Municipal Notes (165.1%)
 
California (140.6%)
   
1,000
 
Bay Area Toll Au. Toll Bridge Rev., Ser. 2013-S-4, 5.00%, due 4/1/27
 
1,210
 
   
1,500
 
Bay Area Toll Au. Toll Bridge Rev. (San Francisco Bay Area), Ser. 2012, 5.00%, due 4/1/21
 
1,841
 
   
500
 
California Ed. Fac. Au. Rev. (Scripps College), Ser. 2007, (National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/15
 
517
ß
   
2,000
 
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.88%, due 2/1/17
 
2,049
 
   
1,000
 
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26
 
1,016
 
   
230
 
California HFA Home Mtge. Rev., Ser. 2007-E, 5.00%, due 2/1/42
 
238
 
   
2,000
 
California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21
 
2,076
ß
   
1,000
 
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26
 
1,139
ß
   
500
 
California Infrastructure & Econ. Dev. Bank Rev. (Los Angeles Co. Museum of Natural History Foundation), Ser. 2008-B, (LOC: Wells Fargo Bank N.A.), 0.01%, due 9/1/37
 
500
µß
   
1,000
 
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev. (King City Joint Union High Sch. Dist. Fin.), Ser. 2010, 5.13%, due 8/15/24
 
1,173
 
   
1,000
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.63%, due 7/1/44
 
1,021
   
500
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, due 7/1/29
 
505
   
300
 
California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. Foundation Proj.), Ser. 2006-A, 5.00%, due 6/1/16
 
303
ß
   
375
 
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/25
 
408
ß
   
410
 
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/26
 
440
ß
   
455
 
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/27
 
483
ß
   
1,040
 
California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007, 5.00%, due 4/1/21
 
1,130
ß
   
600
 
California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26
 
714
ß
   
605
 
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/27
 
645
ß
   
630
 
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/28
 
668
ß
   
330
 
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/29
 
349
ß
   
450
 
California Sch. Fac. Fin. Au. Rev. (KIPP LA Proj.), Ser. 2014-A, 4.13%, due 7/1/24
 
471
ß
   
555
 
California St. Dept. of Wtr. Res. Ctr. Valley Proj. Rev. (Wtr. Sys.), Ser. 2012-AN, 5.00%, due 12/1/21
 
692
 
   
2,000
 
California St. Dept. of Wtr. Res. Supply Rev., Ser. 2010-L, 5.00%, due 5/1/22
 
2,389
 
   
20
 
California St. G.O., Ser. 2002, 5.00%, due 10/1/17
 
20
 
   
1,500
 
California St. G.O., Ser. 2012, 5.00%, due 2/1/27
 
1,799
 
   
2,000
 
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
 
2,275
ñß
   
1,095
 
California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, due 6/1/20
 
1,100
 
   
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
 
1,004
 
   
600
 
California St. Sch. Fin. Au. Ed. Facs. Rev. (Partnerships Uplifts Comm. Valley Proj.), Ser. 2014-A, 5.35%, due 8/1/24
 
671
ß
   
1,000
 
California St. Var. Purp. G.O., Ser. 2012, 4.00%, due 9/1/21
 
1,165
 
   
175
 
California Statewide CDA Cert. of Participation Rev. (The Internext Group), Ser. 1999, 5.38%, due 4/1/17
 
176
ß
   
1,000
 
California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser. 2005-A, 5.00%, due 3/1/20
 
1,003
ß
   
995
 
California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18
 
1,068
ß
   
720
 
California Statewide CDA Rev. (Henry Mayo Newhall Mem. Hosp.), Ser. 2014-A, (AGM Insured), 5.00%, due 10/1/26
 
862
ß
   
610
 
California Statewide CDA Rev. (Lancer Ed. Std. Hsg. Proj.), Ser. 2007, 5.40%, due 6/1/17
 
632
ß
   
700
 
California Statewide CDA Rev. (Redwoods Proj.), Ser. 2013, 5.00%, due 11/15/28
 
838
ß
   
1,255
 
California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, due 11/15/19
 
1,400
ñß
   
1,500
 
California Statewide CDA Rev. (St. Joseph Hlth. Sys.), Ser. 2000, (National Public Finance Guarantee Corp. Insured), 5.13%, due 7/1/24
 
1,710
ß
   
195
 
California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007-A, 4.80%, due 7/15/17
 
204
ß
   
350
 
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/26
 
404
 
   
560
 
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/27
 
642
 
   
1,365
 
Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, due 12/15/21
 
1,445
ß
   
2,000
 
Davis Joint Unified Sch. Dist. Cert. of Participation (Yolo Co.), Ser. 2014, (BAM Insured), 4.00%, due 8/1/24
 
2,322
 
   
1,250
 
Emeryville Redev. Agcy. Successor Agcy. Tax Allocation Ref. Rev., Ser. 2014-A, (AGM Insured), 5.00%, due 9/1/25
 
1,557
 
   
1,000
 
Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 2/1/17
 
1,101
 
   
2,000
 
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2010, 5.50%, due 12/1/24
 
2,092
 
   
1,000
 
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
 
1,255
h
   
1,000
 
Inglewood Pub. Fin. Au. Ref. Rev., Ser. 2012, 5.00%, due 8/1/18
 
1,101
 
   
1,000
 
Inglewood Unified Sch. Dist. Facs. Fin. Au. Rev., Ser. 2007, (AGM Insured), 5.25%, due 10/15/26
 
1,209
 
   
150
 
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/23
 
160
 
   
300
 
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/24
 
320
 
   
450
 
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/25
 
472
 
   
645
 
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.50%, due 9/1/26
 
657
 
   
690
 
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.63%, due 9/1/27
 
700
 
   
3,100
 
Irvine Unified Sch. Dist. Spec. Tax (Comm. Facs. Dist. Number 9), Ser. 2014-A, (LOC: U.S Bank), 0.01%, due 9/1/53
 
3,100
µ
   
680
 
Jurupa Pub. Fin. Auth. Spec. Tax Rev., Ser. 2014-A, 5.00%, due 9/1/24
 
814
 
   
315
 
La Verne Cert. of Participation (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/26
 
357
ß
   
500
 
La Verne Cert. of Participation (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29
 
559
ß
   
1,105
 
Lodi Pub. Fin. Au. Lease Rev., Ser. 2012, 5.25%, due 10/1/26
 
1,313
 
   
720
 
Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due 11/1/17
 
745
 
   
3,900
 
Los Angeles Co. Metro. Trans. Au. Sales Tax Prop. A First Tier Sr. Rev., Ser. 2012-A, 5.00%, due 7/1/21
 
4,830
 
   
2,000
 
Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27
 
2,328
 
   
500
 
Los Angeles Reg. Arpt. Imp. Corp. Lease Rev. (Laxfuel Corp.), Ser. 2012, 4.50%, due 1/1/27
 
548
ß
   
1,070
 
Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19
 
919
 
   
1,000
 
Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22
 
1,112
 
   
1,385
 
Ohlone Comm. College Dist. G.O. (Election 2010), Ser. 2014-B, 0.00%, due 8/1/29
 
785
 
   
1,490
 
Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24
 
1,582
 
   
1,500
 
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
 
1,708
 
   
1,000
 
Rancho Cucamonga Redev. Agcy. Successor Agcy. Tax Allocation Rev. (Rancho Redev. Proj.), Ser. 2014, (AGM Insured), 5.00%, due 9/1/27
 
1,219
 
   
495
 
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 4.00%, due 9/1/21
 
499
 
   
600
 
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 5.00%, due 9/1/25
 
647
 
   
1,320
 
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 0.00%, due 6/1/22
 
1,025
 
   
1,500
 
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 0.00%, due 6/1/23
 
1,111
 
   
360
 
Roseville Stone Point Comm. Fac. Dist. Number 1 Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17
 
362
 
   
1,000
 
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/24
 
1,250
 
   
400
 
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
 
501
 
   
2,600
 
Sacramento Muni. Utils. Dist. Elec. Rev., Ser. 1997-K, (AMBAC Insured), 5.70%, due 7/1/17
 
2,918
 
   
1,350
 
San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, due 8/1/24 Pre-Refunded 8/1/18
 
1,609
 
   
400
 
San Diego Pub. Facs. Fin. Au. Lease Rev. (Ballpark), Ser. 2007-A, (AMBAC Insured), 5.25%, due 2/15/19
 
437
 
   
830
 
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.80%, due 9/1/15
 
833
 
   
820
 
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.90%, due 9/1/16
 
822
 
   
750
 
San Francisco City & Co. Arpts. Commission Int'l Ref. Rev., Ser. 2009-D2, 3.00%, due 5/1/21
 
826
 
   
1,000
 
San Francisco City & Co. Arpts. Commission Int'l Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/21
 
1,164
 
   
2,115
 
San Francisco City & Co. Redev. Fin. Au. Tax Allocation (San Francisco Redev. Proj.), Ser. 2003-B, (National Public Finance Guarantee Corp. Insured), 5.25%, due 8/1/18
 
2,117
 
   
2,000
 
San Francisco City & Co. Unified Sch. Dist. Ref. Rev., Ser. 2012, 4.00%, due 6/15/25
 
2,221
 
   
780
 
San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, due 12/1/22
 
783
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
 
1,152
 
   
1,000
 
San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/22
 
1,155
 
   
1,070
 
San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/25
 
1,193
 
   
1,000
 
San Mateo Union High Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, 0.00%, due 9/1/25
 
685
 
   
1,000
 
San Rafael City High Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/18
 
959
 
   
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
 
1,648
 
   
310
 
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.25%, due 6/1/25
 
321
 
   
575
 
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/26
 
599
 
   
325
 
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/27
 
337
 
   
270
 
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/28
 
275
 
   
1,000
 
Santa Monica-Malibu Unified Sch. Dist. Ref. G.O., Ser. 2013, 3.00%, due 8/1/27
 
1,026
 
   
1,000
 
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
 
1,105
 
   
1,500
 
Sulphur Springs Union Sch. Dist. Cert. of Participation (Cap. Appreciation), Ser. 2010, (AGM Insured), 0.00%, due 12/1/37
 
1,799
c
   
1,250
 
Sunnyvale Sch. Dist. G.O. (Election 2004), Ser. 2005-A, (AGM Insured), 5.00%, due 9/1/21
 
1,285
 
   
2,000
 
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
 
2,404
 
   
2,000
 
Twin Rivers Unified Sch. Dist. Cert. of Participation (Sch. Fac. Bridge Funding Prog.), Ser. 2007, (AGM Insured), 3.20%, due 6/1/27 Putable 6/1/20
 
2,002
µ
   
2,000
 
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
 
2,247
 
   
3,000
 
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
 
3,329
i
   
1,500
 
Vista Unified Sch. Dist. G.O., Ser. 2012, 5.00%, due 8/1/21
 
1,839
 
   
3,500
 
William S.Hart Union High Sch. Dist. G.O. Cap. Appreciation (Election 2001), Ser. 2005-B, (AGM Insured), 0.00%, due 9/1/26
 
2,468
 
   
2,250
 
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
 
1,624
j
           
123,837
 
Florida (1.3%)
   
500
 
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B1, 6.88%, due 5/15/21
 
509
   
525
 
Lakeland Ed. Facs. Rev. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/24
 
600
ß
           
1,109
 
Guam (3.2%)
   
1,110
 
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.25%, due 11/1/18
 
1,260
 
   
465
 
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 Pre-Refunded 7/1/15
 
475
 
   
1,000
 
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
 
1,134
 
           
2,869
 
Illinois (2.0%)
   
315
 
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
 
327
 
   
500
 
Illinois Fin. Au. Rev. (Navistar Int'l Rec Zone Fac.), Ser. 2010, 6.50%, due 10/15/40
 
545
ß
   
750
 
Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23
 
865
 
           
1,737
 
Louisiana (0.6%)
   
500
 
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
 
548
ß
               
Nevada (1.3%)
   
1,000
 
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
 
1,162
 
               
New Jersey (0.9%)
   
750
 
New Jersey St. Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
 
816
ß
               
North Carolina (0.9%)
   
750
 
North Carolina Med. Care Commission Hlth. Care Fac. First Mtge. Rev. (Lutheran Svcs. for Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24
 
783
ß
               
Pennsylvania (2.5%)
   
2,000
 
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
 
2,192
b
               
Puerto Rico (8.6%)
   
2,000
 
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20
 
2,141
 
   
400
 
Puerto Rico Ind., Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Int'l American Univ. Proj.), Ser. 2012, 5.00%, due 10/1/21
 
418
ß
   
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
 
1,000
ß
   
3,000
 
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/17
 
3,009
 
   
1,000
 
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21
 
1,003
 
           
7,571
 
Tennessee (0.7%)
   
500
 
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
 
595
 
               
Texas (2.2%)
   
1,750
 
Love Field Arpt. Modernization Corp. Spec. Fac. Rev. (Southwest Airlines Co. Proj.), Ser. 2010, 5.25%, due 11/1/40
 
1,929
ß
               
Virgin Islands (0.3%)
   
250
 
Virgin Islands Pub. Fin. Au. Rev., Ser. 2014-A, 5.00%, due 10/1/24
 
293
 
 
     
Total Investments (165.1%) (Cost $133,832)
 
145,441
##
               
     
Cash, receivables and other assets, less liabilities (1.9%)
 
1,637
 
               
     
Liquidation Value of Variable Rate Municipal Term Preferred Shares [(67.0%)]
 
(59,000)
 
               
     
Total Net Assets Applicable to Common Shareholders (100.0%)
 
$88,078
 

See Notes to Schedule of Investments

January 31, 2015 (Unaudited)

Notes to Schedule of Investments

In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurement” (“ASC 820”), all investments held by each of 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”) (each individually a “Fund” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes 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 valuing the Funds’ investments, some of which are discussed below. Significant management judgment may be necessary to value investments in accordance with ASC 820.
   
 
ASC 820 established a three-tier hierarchy of inputs to create a classification of 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 observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
 
·
Level 3 – unobservable inputs (including a Fund’s 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 value of the Funds’ investments in municipal securities is determined by 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 various 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 (generally Level 2 inputs). Other Level 2 and 3 inputs used by independent pricing services to value municipal securities and units include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, appraisals, bid offers and specific data on specialty issues.
 
Management has developed a process to periodically review information provided by independent pricing services for all types of securities.
 
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Numerous factors may be considered when determining the fair value of a security based on Level 2 or Level 3 inputs, including available analyst, media or other reports, trading in futures or American Depositary Receipts (“ADRs”) and whether the issuer of the security being fair valued has other securities outstanding.
 
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.

For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.

The following is a summary, categorized by Level, of inputs used to value the Funds’ investments as of January 31, 2015:
 
Asset Valuation Inputs

(000’s omitted)
Level 1
Level 2
Level 3§
Total
California
       
Investments:
       
Municipal Notes^
$—
$145,441
$—
$145,441
Total Investments
145,441
145,441
Intermediate
       
Investments:
       
Municipal Notes^
485,403
485,403
Tax Exempt Preferred^
Total Investments
1,929
487,332
1,929
487,332
New York
       
Investments:
       
Municipal Notes^
121,419
121,419
Liquidating Trust—Real Estate
1,734
1,734
Total Investments
121,419
1,734
123,153

 
^
The Schedule of Investments provides information on the state categorization for the portfolio.
     
 
§
The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value:
 
 
 
 
 
 
 
Beginning
balance, as of
11/1/14
 
 
Accrued
discounts/
(premiums)
 
Realized gain/(loss)
 
 
 
 
Change in unrealized appreciation/ (depreciation)
 
 
 
 
 
 
 
Purchases
 
 
 
 
 
 
 
Sales
 
 
 
 
 
Transfers in
to Level 3
 
 
 
 
 
Transfers
out of Level 3
 
Balance
as of
1/31/15
Net change in
unrealized
appreciation/
(depreciation)
from
investments still
held as of
1/31/15
 
(000’s omitted)
                   
Investments in Securities
New York
                   
 
                   
Units
Liquidating Trust—Real Estate
 
 
$1,830
 
 
$
 
 
$
 
 
$(96)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$1,734
 
 
$(96)
Total
$1,830
$
$
$(96)
$
$
$
$
$1,734
$(96)

 
The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 as of January 31, 2015.

 
 
 
 
 
Asset class
Fair value at 1/31/15
Valuation techniques
Unobservable
input
Range per unit
Weighted average per unit
Impact to valuation from increase in input
New York
Units
$1,734,000
Income Approach
Appraised Value
$2,592 - $3,252
$2,922
Decrease

 
As of the period ended January 31, 2015, no securities were transferred from one level (as of October 31, 2014) to another.
 

For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.

##
At January 31, 2015, 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
 
$133,832
   
$11,704
   
$95
   
$11,609
 
Intermediate
   
434,700
     
54,559
     
1,927
     
52,632
 
New York
   
116,277
     
8,959
     
2,083
     
6,876
 

ß
Security is guaranteed by the corporate or non-profit obligor.
   
ñ
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), or are private placements and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors. These securities have been deemed by the investment manager to be liquid. At January 31, 2015, these securities amounted to approximately $3,675,000 or 4.2% of net assets applicable to common shareholders for California, approximately $15,984,000 or 5.1% of net assets applicable to common shareholders for Intermediate and approximately $2,472,000 or 3.3% of net assets applicable to common shareholders for New York.
   
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, 2015, and at their final maturities.
   
b
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
   
c
Currently a zero coupon security; will convert to 6.50% on December 1, 2015.
   
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 6.13% on August 1, 2023.
   
h
Currently a zero coupon security; will convert to 6.75% on August 1, 2015.
   
i
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
   
j
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
   
z
A zero balance, if any, may reflect actual amounts rounding to less than $1,000.
   
*
Security did not produce income during the last twelve months.
   
^^
Value of the security was determined using methods the Board has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security.
   
Security had an event of default.
   
Ñ
These securities have been deemed by the investment manager to be illiquid. At January 31, 2015, these securities amounted to approximately $505,000 or 0.6% of net assets applicable to common shareholders for California and approximately $1,723,000 or 0.6% of net assets applicable to common shareholders for Intermediate.
   
#
These securities have been deemed by the investment manager to be illiquid, and are restricted securities subject to restrictions on resale. Securities were purchased under Rule 144A of the 1933 Act or are private placements and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors.

For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.


 
At January 31, 2015, these securities amounted to approximately $1,530,000 or 1.7% of net assets applicable to common shareholders for California, approximately $6,782,000 or 2.2% of net assets applicable to common shareholders for Intermediate and approximately $2,243,000 or 3.0% 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
1/31/15
Fair Value
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of 1/31/15
California
California Muni. Fin. Au.
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
Ser. 2014, 5.63%, due
7/1/44
 
9/18/2014
$982
1.2%
$1,021
1.1%
 
Collier Co. Ind. Dev. Au.
Continuing Care Comm.
Rev. (Arlington of Naples
Proj.), Ser. 2014-B1,
6.88%, due 5/15/21
 
12/16/2013
500
0.6%
509
0.6%
Intermediate
California Muni. Fin. Au.
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
Ser. 2014, 5.00%, due
7/1/24
 
9/18/2014
806
0.3%
831
0.3%
 
California Muni. Fin. Au.
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
Ser. 2014, 5.13%, due
7/1/29
 
9/18/2014
623
0.2%
644
0.2%
 
Collier Co. Ind. Dev. Au.
Continuing Care Comm. Rev.
(Arlington of Naples Proj.), Ser.
2014-B1, 6.88%, due 5/15/21
 
12/16/2013
1,000
0.4%
1,017
0.3%
 
Munimae TE Bond Subsidiary
LLC, Unsecured Notes, 5.00%,
due 4/30/28
 
1/31/2013
1,925
0.7%
1,929
0.6%
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%
2,361
0.8%
 

For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.


(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
1/31/15
Fair Value
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of 1/31/15
New York
Collier Co. Ind. Dev. Au.
Continuing Care Comm. Rev.
(Arlington of Naples Proj.), Ser.
2014-B1, 6.88%, due 5/15/21
 
12/16/2013
$500
0.7%
$509
0.7%
 
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%
 
CMS Liquidating Trust
11/21/2012
3,105
4.0%
1,734
2.3%

 
For information on the Funds’ significant accounting policies, please refer to the Funds’ 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 and President
                           
 
Date: March 31, 2015
 
 
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 and President
                           
 
Date: March 31, 2015
By:
/s/ John M. McGovern
                           
 
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
                           
 
Date: March 31, 2015