Neuberger Berman Closed-End Intermediate Municipal Funds Announce Monthly Distributions

NEW YORK, Oct. 15, 2014 /PRNewswire/ -- The Boards of Directors for Neuberger Berman California Intermediate Municipal Fund Inc. (NYSE MKT: NBW) and Neuberger Berman New York Intermediate Municipal Fund Inc. (NYSE MKT: NBO) (collectively, the "Funds") have declared monthly distributions for the dates below.  As previously announced on October 7, 2014, Neuberger Berman Intermediate Municipal Fund Inc. (NYSE MKT: NBH) declared its next monthly distribution, with the same payment, record, and ex-dates as the dates below.  It is currently expected that beginning with the declaration of the next monthly distributions that all three funds would revert to announcing such declarations at the same time.

The Funds seek to provide income that is exempt from regular federal income tax. Additionally, Neuberger Berman California Intermediate Municipal Fund Inc. seeks to provide income that is exempt from California personal income tax and Neuberger Berman New York Intermediate Municipal Fund Inc. seeks to provide income that is exempt from New York State and New York City personal income tax. Distributions of the Funds may be subject to the federal alternative minimum tax for some stockholders.                

Each Fund's distribution announced today is payable on November 17, 2014, has a record date of October 31, 2014 and an ex-date of October 29, 2014. The Funds will make the distributions described above in the following per share amounts:

In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would accompany any distribution that does not consist solely of net investment income. This notice would be for informational purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital.

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 17 countries, Neuberger Berman's team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $247 billion in client assets as of September 30, 2014. For more information, please visit our website at www.nb.com.

Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Management LLC
Investor Information
(877) 461-1899

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