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: 811-21168
NEUBERGER BERMAN 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 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 Intermediate Municipal Fund Inc.
(Unaudited) 1/31/15
 
 
Principal
Amount
   
Value
($000's omitted)
   
($000's omitted)z
Municipal Notes (155.9%)
Alabama (0.7%)
 
1,900
 
Selma IDB Rev. (Int'l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35
2,137
ß
 
Arizona (7.5%)
 
5,000
 
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21
5,707
 
 
5,870
 
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
6,760
ß
 
3,500
 
Phoenix Ind. Dev. Au. Ed. Rev. (Great Hearts Academies Proj.), Ser. 2014, 3.75%, due 7/1/24
3,578
ñß
 
1,500
 
Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28
1,549
ß
 
400
 
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24
471
 
 
1,840
 
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18
1,845
 
 
1,155
 
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22
1,160
 
 
2,325
 
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
2,419
 
   
23,489
 
California (29.2%)
 
345
 
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
357
 
 
1,755
 
California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26
1,783
 
 
2,250
 
California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
2,541
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
 
1,725
 
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Rev. (King City Joint Union High Sch.), Ser. 2010, 5.13%, due 8/15/24
2,024
 
 
805
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.00%, due 7/1/24
831
 
630
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.13%, due 7/1/29
644
 
1,265
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.00%, due 7/1/24
1,289
Ñß
 
430
 
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, due 7/1/29
434
Ñß
 
585
 
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/26
626
ß
 
1,685
 
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
1,802
 
 
1,220
 
California St. G.O. Ref., Ser. 2005, 5.00%, due 3/1/19
1,225
 
 
5,000
 
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
5,688
ñß
 
1,500
 
California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svcs. Cap East End), Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/17
1,507
 
 
4,000
 
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
4,719
 
 
840
 
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18
902
ß
 
2,000
 
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33
2,605
 
 
2,000
 
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
2,510
h
 
1,950
 
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17
2,108
 
 
1,115
 
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18
1,227
 
 
590
 
La Verne Cert. of Participation Ref. (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29
660
ß
 
3,620
 
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
2,736
 
 
5,750
 
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E, (Assured Guaranty Insured), 0.00%, due 8/1/29
5,576
d
 
5,000
 
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
5,748
e
 
2,060
 
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
1,752
 
 
4,000
 
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
5,008
 
 
2,000
 
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34
1,994
f
 
740
 
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17
742
 
 
2,000
 
San Francisco City & Co. Arpt. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25
2,315
 
 
6,000
 
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
5,257
g
 
1,540
 
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
1,702
 
 
2,040
 
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
2,452
 
 
3,000
 
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
3,370
 
 
9,070
 
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
10,064
i
 
5,095
 
Victor Valley Joint Union High Sch. Dist. G.O. Cap. Appreciation Bonds, Ser. 2009, (Assured Guaranty Insured), 0.00%, due 8/1/26
3,538
 
 
3,000
 
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
2,165
j
   
91,040
 
Colorado (3.2%)
 
540
 
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.00%, due 11/1/24
549
ß
 
750
 
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.50%, due 11/1/29
759
ß
 
5,000
 
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24
5,843
 
 
2,550
 
Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23
2,644
 
   
9,795
 
Connecticut (0.5%)
 
650
 
Hamden G.O., Ser. 2013, (AGM Insured), 3.00%, due 8/15/24
666
 
 
750
 
Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25
772
 
   
1,438
 
District of Columbia (2.7%)
 
1,615
 
Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26
1,757
ß
 
3,035
 
Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22
3,181
ß
 
1,000
 
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18
1,159
 
 
2,000
 
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26
2,349
 
   
8,446
 
Florida (6.0%)
 
1,000
 
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26
1,128
 
 
1,000
 
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B-1, 6.88%, due 5/15/21
1,017
 
1,000
 
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 5.50%, due 6/15/22
1,005
ß
 
3,120
 
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 6.75%, due 12/15/27
3,427
ß
 
1,750
 
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2014-A, 5.75%, due 6/15/29
1,793
ß
 
1,795
 
Florida St. Muni. Loan Council Rev., Ser. 2012, (AGM Insured), 5.00%, due 5/1/21
2,178
 
 
1,000
 
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19
1,316
ß
 
1,135
 
Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27
1,276
ß
 
2,000
 
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25
2,400
 
 
2,000
 
Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25
2,063
ß
 
1,000
 
Village Comm. Dev. Dist. Number 11 Spec. Assessment Rev., Ser. 2014, 4.13%, due 5/1/29
1,015
 
   
18,618
 
Guam (1.7%)
 
1,220
 
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20
1,463
 
 
650
 
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21
776
 
 
2,630
 
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
2,982
 
   
5,221
 
Hawaii (2.6%)
 
5,200
 
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24
5,759
 
 
2,000
 
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39
2,348
ß
   
8,107
 
Illinois (17.0%)
 
1,870
 
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
1,941
 
 
5,705
 
Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27
6,818
 
 
1,350
 
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30
1,541
 
 
1,960
 
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31
2,238
 
 
1,970
 
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
2,233
 
 
1,875
 
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16
1,953
ß
 
4,000
 
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
4,353
ß
 
1,960
 
Illinois Fin. Au. Rev. (Navistar Int'l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40
2,136
ß
 
5,840
 
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
7,011
ß
 
1,670
 
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
1,862
 
 
1,905
 
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26
1,208
 
 
3,900
 
Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25
4,004
 
 
1,000
 
Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23
1,154
 
 
1,930
 
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26
2,168
ß
 
945
 
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/27
1,062
 
 
1,375
 
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/28
1,536
 
 
715
 
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/29
797
 
 
2,725
 
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27
3,133
 
 
2,875
 
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28
3,545
 
 
1,850
 
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31
2,307
 
   
53,000
 
Indiana (5.0%)
 
4,000
 
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29
4,646
ß
 
500
 
Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-A, 5.00%, due 6/1/32
543
ß
 
500
 
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/25
590
ß
 
500
 
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/26
586
ß
 
4,000
 
Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21
4,194
ß
 
3,055
 
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21
3,883
 
 
1,000
 
Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24
1,160
ß
   
15,602
 
Iowa (3.7%)
 
1,000
 
Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15
1,002
 
 
5,110
 
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22
5,926
 
 
2,570
 
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.00%, due 12/1/21
2,807
 
 
740
 
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23
809
 
 
1,005
 
Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17
1,020
 
   
11,564
 
Louisiana (1.4%)
 
1,500
 
Louisiana Local Gov't Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35
1,813
ß
 
775
 
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
850
ß
 
1,655
 
St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, due 12/1/40 Putable 6/1/22
1,824
µß
   
4,487
 
Maine (0.8%)
 
2,400
 
Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2005, 6.25%, due 1/1/25 Putable 2/1/17
2,523
ñµß
 
Maryland (0.8%)
 
 
2,400
 
Prince Georges Co. Hsg. Au. Multi-Family Rev. (Bristol Pines Apts. Proj.), Ser. 2005, (Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23
2,476
µß
Massachusetts (7.4%)
 
200
 
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/24
221
ß
 
415
 
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/25
453
ß
 
200
 
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/26
217
ß
 
190
 
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/27
204
ß
 
150
 
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/28
159
ß
 
3,080
 
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23
3,508
 
 
4,335
 
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26
4,741
 
 
4,730
 
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24
5,142
 
 
5,000
 
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25
5,464
 
 
3,045
 
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
3,057
 
   
23,166
 
Michigan (1.2%)
 
1,000
 
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.50%, due 5/1/35
978
 
 
500
 
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.75%, due 5/1/46
481
 
 
2,000
 
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
2,011
 
 
150
 
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15
152
 
   
3,622
 
Minnesota (1.5%)
 
2,000
 
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
2,164
ß
 
2,250
 
Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children's Hlth. Care Facs.), Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
2,550
ß
   
4,714
 
Mississippi (1.6%)
 
4,000
 
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
4,527
ß
 
500
 
Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15
512
ß
   
5,039
 
Missouri (2.0%)
 
390
 
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16
391
 
 
2,275
 
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
2,627
ß
 
2,965
 
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26
3,215
 
   
6,233
 
Nevada (1.9%)
 
1,635
 
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
1,779
 
 
3,545
 
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
4,120
 
   
5,899
 
New Hampshire (0.5%)
 
1,500
 
New Hampshire St. Bus. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 4.00%, due 4/1/29 Putable 10/1/19
1,521
ñµß
 
New Jersey (5.4%)
 
2,500
 
New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
2,721
ß
 
500
 
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.25%, due 1/1/25
589
ß
 
500
 
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.50%, due 1/1/26
595
ß
 
1,420
 
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.50%, due 7/1/24
1,437
ß
 
1,470
 
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.63%, due 7/1/25
1,485
ß
 
1,520
 
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.75%, due 7/1/26
1,539
ß
 
765
 
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 4.00%, due 7/1/27
781
ß
 
7,000
 
New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26
7,575
 
   
16,722
 
New York (13.2%)
 
1,100
 
Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24
1,253
ß
 
835
 
Build NYC Res. Corp. Rev., Ser. 2014, 5.25%, due 11/1/29
942
ß
 
1,320
 
Build NYC Res. Corp. Rev. (Int'l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23
1,324
ß
 
500
 
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 3.88%, due 4/15/23
502
ß
 
1,450
 
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 5.00%, due 4/15/43
1,462
ß
 
1,000
 
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 4.50%, due 1/1/25
1,090
ñß
 
700
 
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/23
811
ß
 
735
 
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/24
855
ß
 
1,400
 
Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 5.25%, due 1/1/24
1,425
ß
 
1,000
 
New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), Ser. 2006-A, 5.00%, due 12/1/28
1,042
ß
 
500
 
New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014-2, 5.38%, due 11/15/40
568
ñß
 
1,100
 
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
0
#‡
 
4,000
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/33
4,623
ß
 
3,200
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
3,857
 
 
2,000
 
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
2,114
 
 
2,000
 
New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27
2,042
 
 
2,000
 
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
2,325
 
 
710
 
Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20
802
 
 
495
 
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20
559
 
 
520
 
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21
591
 
 
550
 
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22
626
 
 
1,435
 
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23
1,644
ß
 
1,000
 
Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 4.00%, due 11/1/24
1,016
ñß
 
2,000
 
Oyster Bay, G.O., Ser. 2014, (AGM Insured), 3.25%, due 8/1/21
2,146
 
 
1,155
 
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26
1,243
 
 
5,000
 
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
6,181
 
   
41,043
 
North Carolina (3.6%)
 
1,835
 
North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24
1,916
ß
 
2,000
 
North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23
2,167
ß
 
5,250
 
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. 2009-A, 5.00%, due 1/1/26
6,055
 
 
1,000
 
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24
1,184
 
   
11,322
 
Ohio (1.4%)
 
2,060
 
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27
2,328
 
 
1,000
 
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2006-B, 4.00%, due 12/1/33 Putable 6/3/19
1,077
µß
 
1,000
 
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2008-C, 3.95%, due 11/1/32 Putable 5/1/20
1,070
µß
   
4,475
 
Oregon (0.2%)
 
480
 
Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 3.50%, due 7/1/27
492
 
 
Pennsylvania (7.7%)
 
3,000
 
Beaver Co. Ind. Dev. Au. Rev. Ref. (Firstenergy Generation LLC), Ser. 2006-A, 3.50%, due 4/1/41 Putable 6/1/20
3,147
µß
 
500
 
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25
513
ß
 
350
 
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26
361
ß
 
2,000
 
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
2,133
ß
 
1,250
 
Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28
1,386
ß
 
3,430
 
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27
3,639
 
 
2,625
 
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24
3,036
ß
 
1,000
 
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
1,096
b
 
210
 
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 4.00%, due 4/1/17
211
ß
 
895
 
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22
934
ß
 
415
 
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27
433
ß
 
4,480
 
Reading G.O., Ser. 2010-C, 5.63%, due 11/15/20
4,910
 
 
2,000
 
Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27
2,214
 
   
24,013
 
Puerto Rico (0.7%)
 
2,020
 
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20
2,162
 
 
Rhode Island (1.9%)
 
1,000
 
Rhode Island St. Hlth. & Ed. Bldg. Corp. Rev. (Hosp. Fin. - Care New England Hlth. Sys.), Ser. 2013-A, 5.00%, due 9/1/23
1,103
ß
 
2,650
 
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26
2,689
 
 
2,135
 
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/27
2,156
 
   
5,948
 
Tennessee (1.8%)
 
2,705
 
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
3,153
 
 
2,000
 
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
2,380
 
   
5,533
 
Texas (7.3%)
 
500
 
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 5.88%, due 3/1/24
536
ß
 
1,000
 
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 6.63%, due 3/1/29
1,060
ß
 
1,050
 
Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22
1,041
ß
 
2,000
 
Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42
2,122
ß
 
500
 
Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25
528
ß
 
1,000
 
Harris Co. Cultural Ed. Facs. Fin. Corp. Rev. (Brazos Presbyterian Homes, Inc. Proj.), Ser. 2013-B, 5.75%, due 1/1/28
1,106
ß
 
2,300
 
Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19 Pre-Refunded 10/1/18
2,654
 
 
2,900
 
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33
3,261
 
 
610
 
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15
617
ß
 
525
 
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22
558
ß
 
1,000
 
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32
1,115
ß
 
1,000
 
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20
1,125
 
 
3,000
 
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
3,523
 
 
500
 
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev. (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
543
ß
 
1,500
 
Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21
1,720
 
 
1,175
 
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35
1,358
 
   
22,867
 
Utah (1.8%)
 
3,000
 
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
3,536
ß
 
1,200
 
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20
1,352
 
 
240
 
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20
248
 
 
220
 
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21
227
 
 
310
 
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22
321
 
   
5,684
 
Vermont (2.5%)
 
1,600
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21
1,780
 
 
465
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24
485
 
 
1,105
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25
1,152
 
 
1,640
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26
1,706
 
 
535
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27
556
 
 
1,800
 
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2014-A, 5.00%, due 6/15/24
2,075
 
   
7,754
 
Virginia (0.7%)
 
1,000
 
Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 4.00%, due 12/1/22
1,052
ß
 
1,000
 
Virginia Beach Dev. Au. Residential Care Fac. Mtge. Ref. Rev. (Westminster-Canterbury of Hampton Roads, Inc.), Ser. 2005, 5.00%, due 11/1/22
1,012
ß
   
2,064
 
Washington (3.8%)
 
1,600
 
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
1,777
 
 
6,700
 
Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28
7,118
 
 
2,525
 
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
2,831
ß
   
11,726
 
West Virginia (0.4%)
 
1,000
 
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19
1,136
 
 
Wisconsin (3.8%)
 
1,100
 
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
1,262
ß
 
1,225
 
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
1,402
ß
 
5,000
 
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
5,765
ß
 
3,000
 
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 Pre-Refunded 12/1/18
3,535
ß
   
11,964
 
Other (0.8%)
 
3,000
 
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
2,361
#
 
Total Municipal Notes (Cost $432,836)
 
485,403
 
 
Tax Exempt Preferred (0.6%)
 
Real Estate (0.6%)
 
1,850
 
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost $1,850)
1,929
#
 
Total Investments (156.5%) (Cost $434,686)
 
487,332
##
 
Cash, receivables and other assets, less liabilities (1.1%)
 
3,443
 
 
Liquidation Value of Variable Rate Municipal Term Preferred Shares [(57.6%)]
 
(179,400)
 
 
Total Net Assets Applicable to Common Shareholders (100.0%)
$311,375
 

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 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