Neuberger Berman California Municipal Fund Inc.

Neuberger Berman California Intermediate Municipal Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and California state personal tax. It invests in securities with remaining maturities of less than 15 years. The fund seeks to maintain a weighted average duration of between three and eight years. It invests in securities rated in the four highest categories by a nationally recognized statistical rating organization. Neuberger Berman California Intermediate Municipal Fund Inc. was formed on July 29, 2002 and is domiciled in the United States.

Neuberger Berman California Municipal Fund Inc. trades as NBW on AMEX. The company is classified in Financial Services / Asset Management and reports in USD.

The current profile places the business in Asset Management. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.

Latest available fiscal data shows -$15.58M of revenue and -$17.27M of net income.

Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.

The app now provides the structure, but exact strategic claims should come from official company documents before being treated as a finished investment thesis.

Neuberger Berman California Municipal Fund Inc. can be compared against peers such as 361 Global Long/Short Equity Fund - Investor Class, BNY Mellon Diversified International Fund Class A, First Trust/abrdn Emerging Opportunity Fund, First Trust Specialty Finance and Financial Opportunities Fund, William Blair Small Cap Value Fund Class I, Manning & Napier Target 2020 Series Class I.

A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.

Current signals to investigate include market capitalization of $52.68M, beta of 0.30, and return on equity of -26.6%.

This section should be validated with evidence such as durable margins, brand strength, regulation, switching costs, cost advantage, distribution, or technology.

Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.

NBW currently shows total debt of $0 and beta of 0.30. Missing data should be treated as a research gap, not as low risk.

Production-capacity detail is not available as structured data yet. For industrial, defense, semiconductor, or real-estate companies, this should be reviewed from annual reports and investor presentations.

No structured backlog field is available yet. If the company reports backlog, review the relevant filing section before adding it to the thesis.

Use this section for major contracts, product launches, construction projects, acquisitions, or strategic programs that can materially affect valuation.

Recent filings to review: N-8F ORDR (2025-09-11 00:00:00), N-8F NTC (2025-07-28 00:00:00), N-8F (2025-06-27 00:00:00).

Customer concentration is not available as structured data here. Add it from official filings when a company discloses material customers or revenue concentration.

Supplier concentration and critical supply-chain dependencies are not available as structured data here. This should be researched from annual reports and risk disclosures.

Company website: https://www.nb.com/Pages/Public/en-us/Products/california-intermediate-municipal-fund.aspx

For US-listed stocks, verify the thesis against official filings, earnings call transcripts, and company investor relations materials.