Neuberger Berman Closed-End Intermediate Municipal Funds Announce Monthly Distributions

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Neuberger Berman Management LLC. Investor Information, (877) 461-1899

NEW YORK, NY, July 15, 2013 - The Boards of the three Neuberger Berman Closed-End Intermediate Municipal Funds have declared monthly distributions for the dates below. The Funds seek to provide income that is exempt from regular federal income tax. Additionally, Neuberger Berman California Intermediate Municipal Fund Inc. (NYSE Amex: NBW) seeks to provide income that is exempt from California personal income tax and Neuberger Berman New York Intermediate Municipal Fund Inc. (NYSE Amex: NBO) 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 August 15, 2013, has a record date of July 31, 2013 and an ex-date of July 29, 2013.