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, July 15, 2015 — 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 August 17, 2015, has a record date of July 31, 2015 and an ex-date of July 29, 2015.

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

• NBH Neuberger Berman Intermediate Municipal Fund Inc. $0.075
• NBW Neuberger Berman California Intermediate Municipal Fund Inc. $0.068
• NBO Neuberger Berman New York Intermediate Municipal Fund Inc. $0.057

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, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and longterm in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $251 billion in client assets as of June 30, 2015. For more information, please visit our website at www.nb.com.