The Boards of the three Neuberger Berman Closed-End Intermediate Municipal Funds have declared their monthly distributions. 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: 

             Record Date           October 26, 2006
         Ex-Date               October 24, 2006
         Payable Date          November 15, 2006

NBH      Neuberger Berman Intermediate Municipal
          Fund Inc.                                        $0.061610
NBW      Neuberger Berman California Intermediate
          Municipal Fund Inc.                              $0.059370
NBO      Neuberger Berman New York Intermediate
          Municipal Fund Inc.                              $0.061750

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.