nq.htm
As filed with the Securities and Exchange Commission on September 28, 2011
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
 
Investment Company Act file number: 811-21169
 
NEUBERGER BERMAN NEW YORK INTERMEDIATE MUNICIPAL FUND INC.
(Exact Name of the Registrant as Specified in Charter)
c/o Neuberger Berman Management LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
(Address of Principal Executive Offices – Zip Code)
 
Registrant's telephone number, including area code: (212) 476-8800
 
Robert Conti, Chief Executive Officer and President
Neuberger Berman New York Intermediate Municipal Fund Inc.
c/o Neuberger Berman Management LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
 
Arthur C. Delibert, Esq.
K&L Gates LLP
1601 K Street, N.W.
Washington, D.C. 20006-1600
(Names and addresses of agents for service)
 
Date of fiscal year end: October 31, 2011
 
Date of reporting period: July 31, 2011
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of their first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (“1940 Act”) (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 

 


Item 1. Schedule of Investments.
 
JULY 31, 2011


Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited)


Principal Amount
Security
 
Value
 
($000's omitted)
     
($000's omitted)
 
           
Arizona (0.7%)
     
   
500
 
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
 
480
 
           
California (4.1%)
     
   
3,115
 
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
 
1,524
 
   
1,470
 
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
 
1,464
 
           
2,988
 
Guam (3.7%)
     
   
500
 
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
 
527
 
   
1,000
 
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
 
967
 
   
1,135
 
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19
 
1,196
 
           
2,690
 
Illinois (1.1%)
     
   
815
 
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
 
788
 
               
Massachusetts (1.3%)
     
   
1,000
 
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30
 
959
 
               
Nevada (1.5%)
     
   
1,000
 
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
 
1,123
 
               
New York (138.9%)
   
   
3,000
 
Albany IDA Civic Fac. Rev. (Charitable Leadership Foundation Ctr. for Med. Science Proj.), Ser. 2002-A, 6.00%, due 7/1/19
 
1,806
ß
   
500
 
Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23
 
503
ß
   
1,000
 
Dutchess Co. IDA Civic Fac. Ref. Rev. (Marist College Proj.), Ser. 2003-A, 5.15%, due 7/1/17
 
1,036
ß
   
1,000
 
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25
 
1,078
 
   
1,500
 
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23
 
1,610
ß
   
1,050
 
Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21
 
1,156
 
   
535
 
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
 
557
 
   
1,000
 
Monroe Co. IDA Civic Fac. Rev. (Highland Hosp. of Rochester), Ser. 2005, 5.00%, due 8/1/15
 
1,068
ß
   
980
 
Monroe Co. IDA Std. Hsg. Rev. (Collegiate Hsg. Foundation - Rochester Institute of Technology Proj.), Ser. 1999-A, 5.25%, due 4/1/19
 
930
ß
   
1,000
 
Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16
 
1,017
 
   
1,000
 
Monroe Co. Pub. Imp. Ref. G.O., Ser. 1996, 6.00%, due 3/1/13
 
1,077
 
   
1,300
 
Nassau Co. IDA Civic Fac. Rev. (Cold Spring Harbor Laboratory), Ser. 1999, (LOC: TD Bank N.A.), 0.18%, due 1/1/34
 
1,300
µß
   
1,100
 
Nassau Co. IDA Civic Fac. Rev. (Cold Spring Harbor Laboratory), Ser. 2008, (LOC: JP Morgan Chase), 0.18%, due 1/1/42
 
1,100
µß
   
1,125
 
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A, 5.88%, due 1/1/18
 
1,159
ß
   
30
 
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16 Pre-Refunded 8/1/12
 
32
 
   
970
 
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16
 
1,017
 
   
100
 
New York City G.O., Ser. 2006-I3, (LOC: Bank of America), 0.35%, due 4/1/36
 
100
µ
   
950
 
New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22
 
1,063
 
   
1,000
 
New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21
 
1,139
 
   
1,410
 
New York City Hlth. & Hosp. Corp. Rev., Ser. 2002-A, (AGM Insured), 5.50%, due 2/15/13 Pre-Refunded 2/15/12
 
1,450
 
   
4,000
 
New York City Hsg. Dev. Corp. Multi-Family Hsg. Rev., Ser. 2002-E2, 5.05%, due 11/1/23
 
4,006
 
   
1,000
 
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.),   Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/15
 
1,035
ß
   
1,030
 
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.),   Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/17
 
1,056
ß
   
2,920
 
New York City IDA Civic Fac. Rev. (Packer Collegiate Institute Proj.),       Ser. 2002, (AMBAC Insured), 5.00%, due 6/1/22
 
2,964
ß
   
750
 
New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15
 
756
ß
   
2,000
 
New York City IDA Spec. Fac. Rev. (Term. One Group Assoc. Proj.),        Ser. 2005, 5.50%, due 1/1/19 Putable 1/1/16
 
2,117
µß
   
960
 
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev., Ser. 1992-A, (AMBAC Insured), 5.88%, due 6/15/13
 
1,059
 
   
2,000
 
New York City Transitional Fin. Au. (Future Tax Secured), Subser. 2002-C2, (LOC: Landesbank Hessen-Thueringen Girozentrale), 0.19%, due 8/1/31
 
2,000
µ
   
2,025
 
New York City Transitional Fin. Au. Rev. (Future Tax Secured), Ser. 2002-C, (AMBAC Insured), 5.25%, due 8/1/17 Pre-Refunded 8/1/12
 
2,128
 
   
1,000
 
New York City Transitional Fin. Au. Rev. (NYC Rec.), Ser 2002-1D, (LOC: Landesbank Hessen-Thueringen Girozentrale), 0.19%, due 11/1/22
 
1,000
µ
   
660
 
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
 
0
#‡
   
2,000
 
New York St. Dorm. Au. Court Fac. Lease Rev. (New York City Issue),       Ser. 2003-A, 5.50%, due 5/15/17 Pre-Refunded 5/15/13
 
2,185
 
   
1,675
 
New York St. Dorm. Au. Insured Rev. (Long Island Univ.), Ser. 2003-A, (Radian Insured), 5.25%, due 9/1/15
 
1,705
ß
   
1,600
 
New York St. Dorm. Au. Insured Rev. (The Culinary Institute of America), Ser. 1999, (National Public Finance Guarantee Corp. Insured), 5.38%, due 7/1/15
 
1,605
ß
   
3,000
 
New York St. Dorm. Au. Ref. Rev. (North Gen. Hosp. Proj.), Ser. 2003, 5.75%, due 2/15/17
 
3,117
ß
   
250
 
New York St. Dorm. Au. Rev. (Brookdale Hosp. Med. Ctr.), Ser. 1998-J, 5.20%, due 2/15/16
 
251
ß
   
1,125
 
New York St. Dorm. Au. Rev. (City Univ. Sys. Proj.), Ser. 1995-A, 5.63%, due 7/1/16
 
1,255
 
   
1,000
 
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/14
 
1,012
ß
   
1,000
 
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/16
 
1,012
ß
   
1,980
 
New York St. Dorm. Au. Rev. (New York Med. College Proj.), Ser. 1998, (National Public Finance Guarantee Corp. Insured), 5.00%, due 7/1/21
 
1,981
ß
   
500
 
New York St. Dorm. Au. Rev. (North Shore-Long Island Jewish Oblig. Group), Ser. 2003, 5.00%, due 5/1/18
 
508
ß
   
2,855
 
New York St. Dorm. Au. Rev. (Rivington House Hlth. Care Fac.), Ser. 2002, (SONYMA Insured), 5.25%, due 11/1/15
 
3,084
ß
   
2,410
 
New York St. Dorm. Au. Rev. (Rochester Institute of Technology Proj.), Ser. 2002-A, (AMBAC Insured), 5.25%, due 7/1/19 Pre-Refunded 7/1/12
 
2,521
ß
   
1,000
 
New York St. Dorm. Au. Rev. (Sch. Dist. Financing Proj.), Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 5.75%, due 10/1/17
 
1,050
 
   
2,445
 
New York St. Dorm. Au. Rev. (SS Joachim & Anne Residence Proj.), Ser. 2002, (LOC: Allied Irish Bank), 4.60%, due 7/1/16
 
2,448
ß
   
500
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
 
489
ß
   
900
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 5.00%, due 8/1/21
 
968
ß
   
1,595
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/24
 
1,701
ß
   
1,000
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.),  Ser. 2006-A, 5.00%, due 7/1/20
 
1,069
ß
   
975
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.),  Ser. 2007-B, 5.25%, due 7/1/24
 
1,026
ß
   
2,000
 
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John's Univ.),  Ser. 2007-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
 
2,285
ß
   
2,600
 
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2003-A, 5.38%, due 3/15/17 Pre-Refunded 3/15/13
 
2,813
 
   
1,615
 
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29
 
1,556
 
   
2,000
 
New York St. Mtge. Agcy. Homeowner Mtge. Rev., Ser. 1997-67, 5.70%, due 10/1/17
 
2,001
 
   
1,230
 
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23
 
1,316
 
   
1,295
 
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24
 
1,382
 
   
1,475
 
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 5.00%, due 4/1/20
 
1,653
 
   
1,090
 
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
 
1,259
 
   
1,250
 
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
 
1,436
 
   
965
 
New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23
 
1,050
 
   
1,375
 
New York Tobacco Settlement Fin. Corp., Ser. 2003-B1C, 5.50%, due 6/1/22
 
1,466
 
   
2,000
 
Niagara Co. IDA Civic Fac. Rev. (Niagara Univ. Proj.), Ser. 2001-A, (Radian Insured), 5.50%, due 11/1/16
 
2,034
ß
   
1,000
 
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
 
1,146
ß
   
3,000
 
Port Au. of NY & NJ Rev. Consolidated Bonds, Ser. 2002, (AMBAC Insured), 5.50%, due 12/15/12
 
3,160
 
   
1,000
 
Saratoga Co. IDA Civic Fac. Rev. (Saratoga Hosp. Proj.), Ser. 2007-B, 5.00%, due 12/1/22
 
1,037
ß
   
1,570
 
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
 
1,573
 
   
2,000
 
Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23
 
2,190
 
   
1,535
 
Ulster Co. Res. Rec. Agcy. Solid Waste Sys. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 3/1/16
 
1,611
 
   
1,405
 
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
 
1,539
 
   
1,000
 
Westchester Co. IDA Continuing Care Retirement Comm. Rev. (Kendal on Hudson Proj.), Ser. 2003-B, 6.50%, due 1/1/34 Putable 1/1/13
 
1,003
µß
           
100,816
 
Pennsylvania (2.2%)
     
   
2,000
 
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
 
1,605
a
               
Puerto Rico (9.1%)
     
   
1,500
 
Puerto Rico Commonwealth Gov't Dev. Bank, Ser. 1985, (National Public Finance Guarantee Corp. Insured), 4.75%, due 12/1/15
 
1,566
 
   
1,050
 
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (XLCA Insured), 5.50%, due 7/1/17
 
1,144
 
   
750
 
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
 
737
 
   
1,060
 
Puerto Rico Ind. Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/16
 
1,072
ß
   
1,000
 
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24
 
1,055
 
   
1,000
 
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/39 Pre-Refunded 8/1/11
 
1,000
 
           
6,574
 
Texas (2.3%)
     
   
1,750
 
Love Field Arpt. Modernization Corp. Spec. Fac. Rev. (Southwest Airlines Co. Proj.), Ser. 2010, 5.25%, due 11/1/40
 
1,648
ß
               
       
Total Investments (164.9%) (Cost $118,916)
 
119,671
##
               
       
Cash, receivables and other assets, less liabilities (1.6%)
 
1,160
 
               
       
Liquidation Value of Auction Market Preferred Shares [(66.5%)]
 
(48,250)
 
               
       
Total Net Assets Applicable to Common Shareholders (100.0%)
 
$72,581
 
 
 
See Notes to Schedule of Investments
 
 

 
 
July 31, 2011 (Unaudited)
Notes to Schedule of Investments

In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), all investments held by each of Neuberger Berman California Intermediate Municipal Fund Inc. (“California”), Neuberger Berman Intermediate Municipal Fund Inc. (“Intermediate”), and Neuberger Berman New York Intermediate Municipal Fund Inc. (“New York”) (each individually a “Fund,” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes a fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds’ investments, some of which are discussed below. Significant management judgment may be necessary to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

 
Level 1 – quoted prices in active markets for identical investments
 
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
 
Level 3 – significant unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)


The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Funds’ investments in municipal securities is determined by Management primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include various considerations such as yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions (generally Level 2 inputs). Other Level 2 inputs used by an independent pricing service to value municipal securities include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, and specific data on specialty issues.

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, the applicable Fund seeks to obtain quotations from principal market makers (generally considered Level 3 inputs). If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved on the belief that they reflect fair value. Numerous factors may be considered when determining the fair value of a security based on Level 2 or 3 inputs, including available analyst, media or other reports, trading in futures or ADRs and whether the issuer of the security being fair valued has other securities outstanding.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.

The following is a summary, categorized by Level, of inputs used to value the Funds’ investments as of July 31, 2011:

Asset Valuation Inputs
       
(000’s omitted)
Level 1
Level 2
Level 3
Total
California
       
Investments:
       
Municipal Notes^
$—
$139,496
$—
$139,496
Total Investments
139,496
139,496
Intermediate
       
Investments:
       
 
Municipal Notes^
446,100
446,100
Total Investments
446,100
446,100
New York
       
Investments:
       
Municipal Notes^
119,671
119,671
Total Investments
119,671
119,671

 
^
The Schedule of Investments provides information on the state categorization for the portfolio.
 
 
 
The Funds had no significant transfers between Levels 1 and 2 during the period ended July 31, 2011.
 
##
At July 31, 2011, selected fund information on a U.S. federal income tax basis was as follows:

 
 
(000’s omitted)
 
 
Cost
 
Gross Unrealized
Appreciation
 
Gross Unrealized
Depreciation
Net Unrealized
Appreciation
(Depreciation)
California
$137,374
$3,368
$1,246
$2,122
Intermediate
437,088
15,446
6,434
9,012
New York
118,919
3,128
2,376
752
 
ß
Security is guaranteed by the corporate or non-profit obligor.
   
µ
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of July 31, 2011 and at their final maturity dates.
   
a
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
   
b
Currently a zero coupon security; will convert to 5.50% on August 1, 2021.
   
c
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
   
d
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
   
e
Currently a zero coupon security; will convert to 6.13% on August 1, 2023.
   
f
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
   
g
Currently a zero coupon security; will convert to 6.50% on December 1, 2015.
   
h
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
   
i
Currently a zero coupon security; will convert to 6.75% on August 1, 2015.
   
j
Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.
   
Security had an event of default.
   
ñ
Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be liquid. At July 31, 2011, these securities amounted to approximately $426,000 or 0.5% of net assets applicable to common shareholders for California.
   
#
Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be illiquid and restricted. At July 31, 2011, these securities amounted to approximately $2,289,000 or 0.8% of net assets applicable to common shareholders for Intermediate and $0 or 0.0% of net assets applicable to common shareholders for New York.
 
 
 
 
 
 
 
 
 
(000’s
omitted)
 
 
 
 
 
 
 
 
 
Restricted Security
 
 
 
 
 
 
 
 
Acquisition
Date
 
 
 
 
 
 
 
 
Acquisition
Cost
Acquisition
 Cost
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of
Acquisition
Date
 
 
 
 
 
 
 
 
Value as of
July 31, 2011
 
 
Fair Value
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of July 31,
2011
Intermediate
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%,
due 2/15/19
 
 
 
8/4/2006
 
 
 
$1,100
 
 
 
0.4%
 
 
 
$0
 
 
 
0.0%
 
 
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
 
 
 
10/2/2006
 
 
 
3,000
 
 
 
1.0
 
 
 
2,289
 
 
 
0.8
 
New York
 
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%,
due 2/15/19
 
 
 
8/4/2006
 
 
 
660
 
 
 
0.9
 
 
 
0
 
 
 
0.0


For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.
 
 
 

 
 
Item 2. Controls and Procedures.
 
(a)
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“1940 Act”)), as of a date within 90 days of the filing date of this document, the Chief Executive Officer and Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-CSR and Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
 
(b)
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
 
Item 3. Exhibits.
 
The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
 

 
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Neuberger Berman New York Intermediate Municipal Fund Inc.
 
By: /s/ Robert Conti_______________________
Robert Conti
Chief Executive Officer
 
Date: September 23, 2011
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
 
By: /s/ Robert Conti_______________________
Robert Conti
Chief Executive Officer
 
Date: September 23, 2011
 
By: /s/ John M. McGovern  _________________
John M. McGovern
Treasurer and Principal Financial
and Accounting Officer

Date: September 23, 2011