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, January 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 February 15, 2013, has a record date of January 31, 2013 and an ex-date of January 29, 2013.

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 private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. With more than 1,700 professionals focused exclusively on asset management, it offers an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $203 billion in assets under management as of September 30, 2012. For more information, please visit our website at www.nb.com.