As filed with the Securities and Exchange Commission on March 31, 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.
Kirkpatrick & Lockhart Preston Gates Ellis 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: January 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.
JANUARY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc.
-------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
ARIZONA (0.8%)
750 Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due
7/15/17 775(^^)
CALIFORNIA (134.2%)
580 Abag Fin. Au. Cert. of Participation Rev. (Channing House), Ser.
1999, 4.90%, due 2/15/09 BBB 585(B)
3,050 Abag Fin. Au. Cert. of Participation Rev. (Episcopal Homes
Foundation), Ser. 1998, 5.13%, due 7/1/18 BBB+ 3,064(B)
1,000 Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003 C, 5.13%,
due 3/1/18 Baa1 A- 1,025(B)
1,250 Alameda Co. Cert. of Participation Ref. Rev., Ser. 2001 A, (MBIA
Insured), 5.38%, due 12/1/17 Aaa 1,376
1,285 Bay Area Governments Assoc. BART SFO Extension Rev. (Arpt. Premium
Fare), Ser. 2002 A, (AMBAC Insured), 5.00%, due 8/1/21 Aaa AAA 1,340
1,000 Burbank Pub. Svc. Dept. Elec. Rev., Ser. 1998, (FSA Insured),
5.13%, due 6/1/16 Aaa AAA 1,020
450 California Co. Tobacco Securitization Agcy. Tobacco Settlement
Asset-Backed Rev., Ser. 2002, 4.75%, due 6/1/19 Baa3 450
1,750 California Ed. Fac. Au. Ref. Rev. (Stanford Univ.), Ser. 2001 R,
5.00%, due 11/1/21 Aaa AAA 1,834(B)
2,000 California HFA Home Mtge. Rev., Ser. 2006 E, (FGIC Insured), 4.88%,
due 2/1/17 Aaa AA 2,059
2,000 California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West),
Ser. 2004 I, 4.95%, due 7/1/26 Putable 7/1/2014 A2 A 2,131(B)
2,000 California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser.
2005, 5.00%, due 11/15/21 A2 2,061(B)
1,000 California Hlth. Fac. Fin. Au. Rev. (Kaiser Permanente), Ser. 1998
B, 5.00%, due 10/1/20 AAA 1,029(B)
500 California Muni. Fin. Au. Ed. Rev. (American Heritage Ed.
Foundation Proj.), Ser. 2006 A, 5.00%, due 6/1/16 BBB- 495(B)
1,040 California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007,
5.00%, due 4/1/21 A2 A 1,083
4,000 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas & Elec. Co.),
Ser. 1996 A, (MBIA Insured), 5.35%, due 12/1/16 Aaa AAA 4,265(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 Baa1 BBB+ 1,569(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 BBB 2,910(B)
400 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002 B-1,
(LOC: Bank of New York), 1.57%, due 2/1/08 VMIG1 A-1+ 400(u)
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 Aaa A 5,115
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 Aaa A 1,122
2,250 California St. G.O., Ser. 2002, 5.00%, due 10/1/17 A1 A+ 2,380
See Notes to Schedule of Investments
JANUARY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
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 Aaa AAA 1,091
1,095 California St. Pub. Works Board Lease Rev. (California Comm.
Colleges), Ser. 2004 B, 5.50%, due 6/1/20 A2 A 1,182
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 Aaa AAA 3,335
1,000 California St. Univ. Fresno Assoc., Inc. Rev. (Auxiliary
Organization Event Ctr.), Ser. 2002, 5.00%, due 7/1/12 Baa3 1,095
2,000 California Statewide CDA Cert. of Participation Rev. (Children's
Hosp. Los Angeles), Ser. 1999, 5.13%, due 8/15/19 Baa1 BBB+ 2,020(B)
1,765 California Statewide CDA Cert. of Participation Rev. (The Internext
Group), Ser. 1999, 5.38%, due 4/1/17 BBB 1,792(B)
1,000 California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser.
2005 A, 5.00%, due 3/1/20 A 1,038(B)
5,000 California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser.
2003 A, 6.00%, due 10/1/16 A+ 5,471(B)
1,500 California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007
A, 5.30%, due 11/1/18 1,496(B)(^^)
1,000 California Statewide CDA Rev. (Daughters of Charity Hlth.), Ser.
2005 G, 5.00%, due 7/1/22 BBB+ 996(B)
500 California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007
A, 4.80%, due 7/15/17 481(B)(^^)
1,020 Cerritos Pub. Fin. Au. Sub. Tax Allocation Rev. (Cerritos Redev.
Proj.), Ser. 2002 B, 4.40%, due 11/1/16 BBB 1,038
2,550 Contra Costa Comm. College Dist. G.O., Ser. 2002, (FGIC Insured),
5.25%, due 8/1/17 Aaa AA 2,761
1,365 Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home
Park), Ser. 2007 A, 5.00%, due 12/15/21 A- 1,407(B)
820 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007 B, 4.40%, due 9/1/12 812(^^)
250 Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007 B, 4.40%, due 9/1/13 245(^^)
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002 A, (MBIA Insured),
6.00%, due 2/1/17 Aaa AAA 1,126
2,835 Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev.
Proj.), Ser. 2002, (MBIA Insured), 5.00%, due 12/1/16 Aaa AAA 3,086
2,480 Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev.
Proj.), Ser. 2002, (MBIA Insured), 5.25%, due 12/1/17 Aaa AAA 2,749
1,000 Kings Canyon Joint Unified Sch. Dist. G.O., Ser. 2002, (FGIC
Insured), 5.38%, due 8/1/17 Aaa AA 1,094
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 Aaa AAA 1,393
660 Long Beach Bond Fin. Au. Tax Allocation Rev. (North Long Beach
Proj.), Ser. 2002 A, (AMBAC Insured), 5.38%, due 8/1/17 Aaa AAA 723
500 Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due
11/1/17 Aaa AAA 579
1,275 Los Angeles Co. Long Beach Unified Sch. Dist. G.O., Ser. 2002 D,
(FSA Insured), 5.00%, due 8/1/17 Aaa 1,353
See Notes to Schedule of Investments
JANUARY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
5,000 Los Angeles Dept. of Arpts. Rev. (Los Angeles Int'l Arpt.), Ser.
2002 A, (FGIC Insured), 5.25%, due 5/15/18 Aaa AA 5,349
500 Marin Co. Dixie Elementary Sch. Dist. G.O., Ser. 2000 A, (FSA
Insured), 5.38%, due 8/1/17 Aaa AAA 540
1,045 Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002, (AMBAC
Insured), 5.00%, due 7/1/17 Aaa AAA 1,115
1,090 Moreland Sch. Dist. Ref. G.O., Ser. 2002, (FGIC Insured), 5.13%,
due 9/1/17 Aaa AA 1,160
1,000 Mountain House Pub. Fin. Au. Util. Sys. Rev., Ser. 2007, 5.00%, due
12/1/22 A- 1,037
535 Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev.,
Ser. 2002, (FGIC Insured), 5.00%, due 1/1/16 Aaa AA 570
565 Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev.,
Ser. 2002, (FGIC Insured), 5.00%, due 1/1/17 Aaa AA 597
500 Northstar Comm. Svcs. Dist. Spl. Tax (Comm. Facs. Dist. Number 1),
Ser. 2006, 4.70%, due 9/1/18 470(^^)
500 Northstar Comm. Svcs. Dist. Spl. Tax (Comm. Facs. Dist. Number 1),
Ser. 2006, 4.75%, due 9/1/19 463(^^)
1,045 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%, due 1/15/15 Aaa AA 1,106
1,210 Oakland G.O., Ser. 2002 A, (FGIC Insured), 5.00%, due 1/15/18 Aaa AA 1,269
605 Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003,
5.00%, due 9/1/16 A 670
635 Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003,
5.00%, due 9/1/17 A 703
1,290 Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev.
Proj.), Ser. 2003, (FGIC Insured), 5.50%, due 9/1/17 Aaa AA 1,404
1,445 Oceanside Cert. of Participation Ref. Rev., Ser. 2003 A, (AMBAC
Insured), 5.25%, due 4/1/14 Aaa AAA 1,590
3,890 Port of Oakland Ref. Rev., Ser. 2002 N, (MBIA Insured), 5.00%, due
11/1/13 Aaa AAA 4,201
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 Aaa AA 2,760
440 Roseville Stone Point Comm. Fac. District Number 1 Special Tax
Rev., Ser. 2003, 5.70%, due 9/1/17 439(^^)
2,600 Sacramento Muni. Util. Dist. Elec. Rev., Ser. 1997 K, (AMBAC
Insured), 5.70%, due 7/1/17 Aaa AAA 2,954
830 San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev.
Proj.), Ser. 2003 B, 4.80%, due 9/1/15 Baa2 849
820 San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev.
Proj.), Ser. 2003 B, 4.90%, due 9/1/16 Baa2 838
2,000 San Diego Unified Sch. Dist. G.O., Ser. 2002 D, (FGIC Insured),
5.25%, due 7/1/21 Aaa AA 2,205
3,000 San Francisco Bay Area Toll Au. Toll Bridge Rev., Ser. 2001 D,
5.00%, due 4/1/17 Aa3 AA 3,239
1,500 San Francisco City & Co. Int'l Arpt. Rev., Ser. 1999 23A, (FGIC
Insured), 5.25%, due 5/1/16 Aaa AA 1,537
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 Aaa AAA 5,318
1,000 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA Insured), 5.00%, due
3/1/11 Aaa AAA 1,061
1,615 San Jose Arpt. Ref. Rev., Ser. 2003 B, (FSA Insured), 5.00%, due
3/1/12 Aaa AAA 1,729
See Notes to Schedule of Investments
JANUARY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
2,500 San Jose Fin. Au. Lease Rev. (Civic Ctr. Proj.), Ser. 2002 B,
(AMBAC Insured), 5.25%, due 6/1/17 Aaa AAA 2,710
925 San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser.
2002 J-1, (AMBAC Insured), 4.95%, due 12/1/22 Aaa AAA 928(B)
1,620 Santa Clara Co. Fremont Union High Sch. Dist. G.O., Ser. 2002 C,
(FSA Insured), 5.00%, due 9/1/20 Aaa AAA 1,787
1,000 Santa Rosa Rancheria Tachi Yokut Tribe Enterprise Rev., Ser. 2003,
6.13%, due 3/1/13 1,015(^^)
525 Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.40%, due
7/1/13 544(^^)
505 Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.50%, due
7/1/14 524(^^)
3,905 Solano Co. Cert. of Participation Rev., Ser. 2002, (MBIA Insured),
5.25%, due 11/1/17 Aaa AAA 4,363
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 Aaa AAA 972
400 Southern Cailifornia Pub. Pwr. Au. Rev (Natural Gas Proj. Number
1), Ser. 2007 A, 5.00%, due 11/1/18 Aa3 AA- 416
1,300 Tulare Local Hlth. Care Dist., Ser. 2007, 5.00%, due 11/1/20 1,279(^^)
-------
135,387
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 Ba1 BB+ 770(B)
GUAM (0.7%)
700 Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005,
5.50%, due 7/1/16 Ba2 737
LOUISIANA (2.8%)
1,500 Morehouse Parish Ref. PCR (Int'l Paper Co. Proj.), Ser. 2001 A,
5.25%, due 11/15/13 Baa3 BBB 1,566(B)
1,250 Tobacco Settlement Fin. Corp. Tobacco Settlement Asset-Backed Rev.,
Ser. 2001 B, 5.50%, due 5/15/30 Baa3 BBB 1,220
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2,786
NEW YORK (2.0%)
1,000 Nassau Co. IDA Continuing Care Retirement Comm. Rev. (The Amsterdam
Harborside), Ser. 2007 A, 5.88%, due 1/1/18 1,019(^^)
500 New York City IDA Liberty Rev. (7 World Trade Center, LLC Proj.),
Ser. 2005 A, 6.25%, due 3/1/15 519(^^)
500 New York City IDA Spec. Fac. Rev. (American Airlines, Inc. J.F.K.
Int'l Arpt. Proj.), Ser. 2005, 7.50%, due 8/1/16 B 529(B)
-------
2,067
NORTH CAROLINA (1.5%)
1,405 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser.
2003 A, 5.50%, due 1/1/14 A3 A- 1,535
OHIO (0.5%)
500 Coshocton Co. Env. Imp. Ref. Rev. (Smurfit-Stone Container
Enterprises, Inc. Proj.), Ser. 2005, 5.13%, due 8/1/13 CCC+ 484(n)(B)
PENNSYLVANIA (1.0%)
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 BBB 1,036(B)
See Notes to Schedule of Investments
JANUARY 31, 2008
SCHEDULE OF INVESTMENTS California Intermediate Municipal Fund Inc. cont'd
--------------------------------------------------------------------------
(UNAUDITED)
PRINCIPAL AMOUNT SECURITY(@) RATING VALUE(+)
($000's omitted) Moody's S&P ($000's omitted)
PUERTO RICO (6.5%)
1,255 Puerto Rico Children's Trust Tobacco Settlement Asset-Backed Rev.,
Ser. 2002, 5.38%, due 5/15/33 Baa3 BBB 1,255
1,000 Puerto Rico Ind., Tourist, Ed., Med. & Env. Ctrl. Fac. Rev.
(Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002 A, (ACA BBB- 1,024(B)
Insured), 5.25%, due 8/1/15
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, (FSA Insured),
5.25%, due 8/1/17 Aaa AAA 3,187
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002 A, (FSA Insured),
5.25%, due 8/1/21 Aaa AAA 1,042
-------
6,508
TEXAS (3.2%)
900 Brazos River Au. Ref. PCR (TXU Energy Co. LLC Proj.), Ser. 2003 A,
6.75%, due 4/1/38 Putable 4/1/13 Caa1 CCC 903(B)
750 Brazos River Au. Ref. Rev. (Reliant Energy, Inc. Proj.), Ser. 1999
B, 7.75%, due 12/1/18 Ba1 BBB- 775(B)
1,000 Brazos River Harbor Navigation Dist. of Brazoria Co. Env. Fac. Rev.
(Dow Chemical Co. Proj.), Ser. 2002 A-4, 5.20%, due 5/15/33 Putable A- 1,005(B)
5/15/08
500 Dallas-Fort Worth Int'l Arpt. Fac. Imp. Corp. Rev., Ser. 2004 A-1,
6.15%, due 1/1/16 Ba2 500(B)
-------
3,183
VIRGIN ISLANDS (2.0%)
250 Virgin Islands Pub. Fin. Au. Refinery Fac. Rev. (HOVENSA Refinery),
Ser. 2003, 6.13%, due 7/1/22 Baa3 BBB 255
750 Virgin Islands Pub. Fin. Au. Rev. (Virgin Islands Matching Fund
Loan Notes), Ser. 1998 E, 6.00%, due 10/1/22 764(^^)
1,000 Virgin Islands Wtr. & Pwr. Au. Elec. Sys. Ref. Rev., Ser. 1998,
5.30%, due 7/1/18 1,005(T)
-------
2,024
TOTAL INVESTMENTS (156.0%) (COST $152,602) 157,292(##)
Cash, receivables and other assets, less liabilities (2.5%) 2,559
Liquidation Value of Auction Market Preferred Shares [(58.5%)] (59,000)
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS (100.0%) $100,851
See Notes to Schedule of Investments
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 on all securities available in each service's data base.
For all other securities, quotations are obtained from principal market
makers in those securities or, if quotations are not readily available, by
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 January 31, 2008, selected Fund information on a U.S. federal income tax
basis was as follows:
GROSS GROSS NET
(000'S OMITTED) COST UNREALIZED UNREALIZED UNREALIZED
NEUBERGER BERMAN APPRECIATION DEPRECIATION APPRECIATION
CALIFORNIA $152,602 $4,997 $307 $4,690
INTERMEDIATE 469,557 17,343 1,861 15,482
NEW YORK 126,326 3,372 414 2,958
(@) At time of investment, municipal securities purchased by the Funds are
within the four highest rating categories (with respect to at least 80% of
total assets) assigned by a nationally recognized statistical rating
organization ("NRSRO") such as Moody's Investors Service, Inc., Standard &
Poor's, or Fitch Investors Services, Inc. or, where not rated, are
determined by the Funds' investment manager to be of comparable quality.
Approximately 77%, 70%, and 67% 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.
(n) Restricted security subject to restrictions on resale under federal
securities laws. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers under Rule 144A
under the Securities Act of 1933, as amended, and have been deemed by the
investment manager to be liquid. At January 31, 2008, these securities
amounted to approximately $484,000 or 0.3% of net assets applicable to
common shareholders for California, approximately $9,403,000 or 3.1% of net
assets applicable to common shareholders for Intermediate and approximately
$484,000 or 0.6% of net assets applicable to common shareholders for New
York.
(^^) Not rated by a NRSRO.
(O) All or a portion of this security was purchased on a when-issued basis. At
January 31, 2008, these securities amounted to $964,000 or 1.2% of net
assets applicable to common shareholders for New York.
(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 January 31, 2008.
(T) Rated BBB by Fitch Investor Services, Inc.
For information on the Fund's significant accounting policies, please refer to
the Fund's most recent financial statements.
ITEM 2. CONTROLS AND PROCEDURES.
(a) Based on an evaluation of the disclosure controls and procedures (as
defined in rule 30a-3(c) under the 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: March 27, 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: March 27, 2008
By: /s/ John M. McGovern
--------------------
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer
Date: March 27, 2008