Neuberger Berman Closed-End Intermediate Municipal Funds Announce Monthly Distributions

Contact:

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

NEW YORK, NY, June 16, 2014 - 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. 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 July 15, 2014, has a record date of June 30, 2014 and an ex-date of June 26, 2014.

The Funds will make the distributions described above in the following per share amounts:

• NBH Neuberger Berman Intermediate Municipal Fund Inc. $0.070
• NBW Neuberger Berman California Intermediate Municipal Fund Inc. $0.068
• NBO Neuberger Berman New York Intermediate Municipal Fund Inc. $0.065

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.

About Neuberger Berman

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 global institutions, advisors and individuals. With offices in 16 countries, Neuberger Berman’s team is approximately 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 March 31, 2014). For more information, please visit our website at www.nb.com.