The Boards of the three Neuberger Berman Closed-End Intermediate
Municipal Funds have declared their monthly distributions for June, July
and August 2008. The Funds seek to provide income that is exempt from
regular federal income tax. Additionally, the California Intermediate
Municipal Fund seeks to provide income that is exempt from California
personal income tax and the New York Intermediate Municipal Fund 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.
The following dates apply to the Funds’
distribution declarations:
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 Management Inc., the Funds' investment manager, is a
subsidiary of Neuberger Berman Inc., an investment advisory company
serving individuals, families and taxable and non-taxable institutions
with a broad range of investment products, services and strategies. A
Lehman Brothers company, Neuberger Berman engages in wealth management
services including private asset management, tax and financial planning
and personal and institutional trust services; and mutual funds,
institutional management and alternative investments. For further
information about Neuberger Berman please visit www.nb.com.
Lehman Brothers (ticker symbol: LEH), an innovator in global finance,
serves the financial needs of corporations, governments and
municipalities, institutional clients, and high-net-worth individuals
worldwide. Founded in 1850, Lehman Brothers maintains leadership
positions in equity and fixed income sales, trading and research,
investment banking, private investment management, asset management and
private equity. The Firm is headquartered in New York, with regional
headquarters in London and Tokyo, and operates in a network of offices
around the world. For further information about Lehman Brothers’
services, products and recruitment opportunities, visit the Firm’s
Web site at www.lehman.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.
