1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
BANK OF AMERICA CORP /DE/ 56-0906609 | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
WC | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
0 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
0 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
0 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
0%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
HC | |||||
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Bank of America, N.A. 94-1687665 | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
WC | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
0 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
0 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
0 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
0%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
BK | |||||
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Blue Ridge Investments, L.L.C 56-1970824 | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
WC | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
0 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
0 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
0 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
0%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
OO | |||||
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Merrill Lynch, Pierce, Fenner & Smith Inc. 000000000 | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
WC | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
0 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
0 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
0 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
0%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
BD | |||||
Item 1. | Security and Issuer |
This Amendement on Schedule 13D (this “Amendment”) relates to shares of auction rate preferred securities (“ARPS”) of Neuberger Berman Intermediate Municipal Fund Inc (the “Issuer”). This Amendment is being filed by the Reporting Persons (as defined below) as a result of the Issuer's redemption of its shares. The Issuer’s principal executive offices are located at 605 Third Avenue, 2nd Floor, New York, NY 10158. |
Item 2. | Identity and Background |
(a) | This Amendment is being filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
i. Bank of America Corporation (“BAC”) ii. Bank of America, N.A. (“BANA”) iii. Blue Ridge Investments, L.L.C. (“Blue Ridge”) iv. Merrill Lynch, Pierce, Fenner & Smith Inc. ("MLPFS") This Amendment relates to the ARPS held by BANA, Blue Ridge and MLPFS. |
(b) | The address of the principal business office of BAC is: Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina 28255
The address of the principal business office of BANA is: 101 South Tryon Street, Charlotte, North Carolina 28255 The address of the principal business office of Blue Ridge is: 214 North Tryon Street Charlotte, North Carolina 28255 The address of the principal business office of MLPFS is: 4 World Financial Center, North Tower New York NY 10080 |
(c) | BAC, through its wholly-owned subsidiaries, BANA, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and Blue Ridge, is engaged in providing a diverse range of financial services and products. Since settlements with the Securities and Exchange Commission and certain state agencies in 2008, Merrill Lynch and certain predecessors have worked with their
customers and issuers of auction rate preferred securities to provide liquidity to the auction rate preferred securities market. This has included purchasing auction rate preferred securities from their customers and working with issuers so that they are able to redeem outstanding auction rate preferred securities. BAC’s efforts to work with issuers continue and may include working with the Issuer in the future. |
(d) | Other than as set forth on Schedule II, during the last five years, none of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the Listed Persons, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. |
(e) | Other than as set forth on Schedule II, during the last five years, none of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the Listed Persons, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. |
(f) | BAC - Delaware
BANA - Delaware Blue Ridge - Delaware MLPFS - Delaware Information concerning each executive officer, director and controlling person (the “Listed Persons”) of the Reporting Persons is listed on Schedule I attached hereto, and is incorporated by reference herein. To the knowledge of the Reporting Persons, all of the Listed Persons are citizens of the United States, other than as otherwise specified on Schedule I hereto. |
Item 3. |
Source
and Amount of Funds or Other Consideration
|
No funds of the Reporting Persons were used in the redemption of the ARPS.
The Reporting Persons declare that neither the filing of this Amendment nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Company or otherwise with respect to the Company or any securities of the Company or (ii) a member of any group with respect to the Company or any securities of the Company. |
Item 4. |
Purpose
of Transaction
|
On July 2, 2014, the Issuer redeemed all its shares held by the Reporting Persons at par. |
(a) | See Item 4. above |
(b) | See Item 4. above |
(c) | See Item 4. above |
(d) | See Item 4. above |
(e) | See Item 4. above |
(f) | See Item 4. above |
(g) | See Item 4. above |
(h) | See Item 4. above |
(i) | See Item 4. above |
(j) | See Item 4. above |
Item 5. |
Interest
in Securities of the Issuer
|
(a) | The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference. |
(b) | The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference. |
(c) | On July 2, 2014, the Issuer redeemed all its shares held by the Reporting Persons. |
Transaction Date | Shares or Unites Purchased (Sold) | Price Per Share or Unit |
(d) | No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, ARPS that may be deemed to be beneficially owned by the Reporting Persons. |
(e) | Not applicable. |
Item 6. |
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
The responses of the Reporting Persons under Item 4 hereof are incorporated herein by reference. |
Item 7. |
Material
to Be Filed as Exhibits
|
Exhibit Description of Exhibit
99.1 Joint Filing Agreement 99.2 Limited Power of Attorney 99.3 Schedule I 99.4 Schedule II |
Bank of America Corporation | |||
July 03, 2014 | By: |
/s/
Sun Kyung Bae | |
Attorney-in-fact | |||
Bank of America, N.A. | |||
July 03, 2014 | By: |
/s/
Sun Kyung Bae | |
Director | |||
Blue Ridge Investments, L.L.C. | |||
July 03, 2014 | By: |
/s/
Michael Lange | |
Vice President | |||
Merrill Lynch, Pierce, Fenner & Smith Inc | |||
July 03, 2014 | By: |
/s/
Lawrence Emerson | |
Attorney-in-fact | |||
Name
|
Position with Bank of America Corporation
|
Principal Occupation
|
||
Brian T. Moynihan
|
Chief Executive Officer, President and Director
|
Chief Executive Officer and President of Bank of America Corporation
|
||
David C. Darnell
|
Co-Chief Operating Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Geoffrey Greener
|
Chief Risk Officer
|
Chief Risk Officer of Bank of America Corporation
|
||
Terrence P. Laughlin
|
President, Strategic Initiatives
|
President, Strategic Initiatives of Bank of America Corporation
|
||
Gary G. Lynch
|
Global General Counsel and Head of Compliance and Regulatory Relations
|
Global General Counsel and Head of Compliance and Regulatory Relations of Bank of America Corporation
|
||
Thomas K. Montag
|
Co-Chief Operating Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Bruce R. Thompson
|
Chief Financial Officer
|
Chief Financial Officer of Bank of America Corporation
|
||
Sharon L. Allen
|
Director
|
Former Chairman of Deloitte LLP
|
||
Susan S. Bies
|
Director
|
Former Member, Board of Governors of the Federal Reserve System
|
||
Jack O. Bovender, Jr.
|
Director
|
Former Chairman and Chief Executive Officer of HCA Inc.
|
||
Frank P. Bramble, Sr.
|
Director
|
Former Executive Officer, MBNA Corporation
|
||
Pierre de Weck1
|
Director
|
Former Chairman and Global Head of Private Wealth Management, Deutsche Bank
|
||
Arnold W. Donald
|
Director
|
President and Chief Executive Officer, Carnival
|
||
Charles K. Gifford
|
Director
|
Former Chairman of Bank of America Corporation
|
||
Charles O. Holliday, Jr.
|
Chairman of the Board
|
Chairman of the Board of Bank of America Corporation
|
||
Linda P. Hudson
|
Director
|
CEO Emeritus and Former President and Chief Executive Officer of BAE Systems, Inc.
|
||
Monica C. Lozano
|
Director
|
Former Chairman and Chief Executive Officer, ImpreMedia, LLC
|
||
Thomas J. May
|
Director
|
Chairman, President and Chief Executive Officer of Northeast Utilities
|
||
Lionel L. Nowell, III
|
Director
|
Former Senior Vice President and Treasurer, PepsiCo Inc.
|
||
Clayton S. Rose
|
Director
|
Professor of Management Practice, Harvard Business School
|
||
R. David Yost
|
Director
|
Former Chief Executive Officer of AmerisourceBergen Corp.
|
Name
|
Position with Bank of America, National Association
|
Principal Occupation
|
||
Brian T. Moynihan
|
Chief Executive Officer, President and Director
|
Chief Executive Officer and President of Bank of America Corporation
|
||
David C. Darnell
|
Co-Chief Operating Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Geoffrey Greener
|
Chief Risk Officer
|
Chief Risk Officer of Bank of America Corporation
|
||
Terrence P. Laughlin
|
President, Strategic Initiatives
|
President, Strategic Initiatives of Bank of America Corporation
|
||
Gary G. Lynch
|
Global General Counsel and Head of Compliance and Regulatory Relations
|
Global General Counsel and Head of Compliance and Regulatory Relations of Bank of America Corporation
|
||
Thomas K. Montag
|
Co-Chief Operating Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Bruce R. Thompson
|
Chief Financial Officer
|
Chief Financial Officer of Bank of America Corporation
|
||
Sharon L. Allen
|
Director
|
Former Chairman of Deloitte LLP
|
||
Susan S. Bies
|
Director
|
Former Member, Board of Governors of the Federal Reserve System
|
||
Jack O. Bovender, Jr.
|
Director
|
Former Chairman and Chief Executive Officer of HCA Inc.
|
||
Frank P. Bramble, Sr.
|
Director
|
Former Executive Officer, MBNA Corporation
|
||
Pierre de Weck2
|
Director
|
Former Chairman and Global Head of Private Wealth Management, Deutsche Bank
|
||
Arnold W. Donald
|
Director
|
President and Chief Executive Officer, Carnival
|
||
Charles K. Gifford
|
Director
|
Former Chairman of Bank of America Corporation
|
||
Charles O. Holliday, Jr.
|
Chairman of the Board
|
Chairman of the Board of Bank of America Corporation
|
||
Linda P. Hudson
|
Director
|
CEO Emeritus and Former President and Chief Executive Officer of BAE Systems, Inc.
|
||
Monica C. Lozano
|
Director
|
Former Chairman and Chief Executive Officer, ImpreMedia, LLC
|
||
Thomas J. May
|
Director
|
Chairman, President and Chief Executive Officer of Northeast Utilities
|
||
Lionel L. Nowell, III
|
Director
|
Former Senior Vice President and Treasurer, PepsiCo Inc.
|
||
Clayton S. Rose
|
Director
|
Professor of Management Practice, Harvard Business School
|
||
R. David Yost
|
Director
|
Former Chief Executive Officer of AmerisourceBergen Corp.
|
Name
|
Position with Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
Principal Occupation
|
||
David C. Darnell
|
Director and Co-Chief Executive Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Thomas K. Montag
|
Director and Co-Chief Executive Officer
|
Co-Chief Operating Officer of Bank of America Corporation
|
||
Mark D. Alexander
|
Chief Operations Officer
|
Managing Director, CIO-Technology & Operations (Reg) of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
William Caccamise
|
General Counsel, Chief Legal Officer and Managing Director
|
Deputy General Counsel of Bank of America, National Association
|
||
Gloria Greco
|
Co-Chief Compliance Officer/Registered Broker-Dealer, Chief Compliance Officer/Registered Investment Advisor, and Managing Director
|
Managing Director, Corporate Compliance Executive of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
William L. McNairy
|
Senior Vice President – Tax
|
Senior Vice President, Corporate Tax Executive of Bank of America Corporation
|
||
Michael B. Radest
|
Co-Chief Compliance Officer/Registered Broker-Dealer, Chief Compliance Officer/Futures Commission Merchant and Managing Director
|
Managing Director, Global Markets and Investment Banking Compliance Executive of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Richard S. Seitz
|
Treasurer and Managing Director
|
Managing Director, Bank Funding Manager for Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
William E. Tirrell
|
Interim Chief Financial Officer and Managing Director
|
Managing Director, Senior Finance Manager - Regulatory Reporting of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
Name
|
Position with Blue Ridge Investments, L.L.C.
|
Principal Occupation
|
||
William Arnold
|
Manager & Executive Vice President
|
Managing Director, Business Support Executive of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Keith T. Banks
|
Executive Vice President
|
President US Trust and Co-Head Private Wealth Management of Bank of America, National Association
|
||
Anthony Biniaris
|
Manager & Executive Vice President
|
Managing Director, Capital Markets Finance Executive of Bank of America, National Association
|
||
Alastair Borthwick
|
Executive Vice President
|
Managing Director, Head of Global Commercial Banking of Bank of America, National Association
|
||
Eric R. Burgess
|
Executive Vice President
|
Managing Director, Corporate Investment Senior Financial Manager of Bank of America, National Association
|
||
Lisa L. Carnoy
|
Executive Vice President
|
Managing Director, Head of Capital Markets Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
George C. Carp
|
Executive Vice President
|
Managing Director, Capital Markets Finance Executive of Bank of America Corporation
|
||
Elizabeth Chen
|
Manager & Executive Vice President
|
Senior Vice President, Business Executive-Operations of Countrywide Home Loans, Inc.
|
||
Neil A. Cotty
|
Executive Vice President
|
Chief Accounting Officer of Bank of America National Association
|
||
Sara M. Cummings
|
Executive Vice President
|
Managing Director, Senior Asset Liability Manager of Bank of America, National Association
|
||
Stephan L. Dellosso
|
Manager
|
Managing Director, Counterparty Global Markets Risk Management Executive of Bank of America, National Association
|
||
Lawrence Forte
|
Manager and Executive Vice President
|
Managing Director, Business Support Executive of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Graham C. Goldsmith
|
Executive Vice President
|
Managing Director, Head of Distressed of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Wendy J. Gorman
|
Executive Vice President
|
Managing Director, Risk Management Executive of Bank of America, National Association
|
||
Geoffrey Greener
|
Executive Vice President
|
Managing Director, Enterprise Capital Management Executive of Bank of America, National Association
|
||
Mark D. Linsz
|
Executive Vice President
|
Managing Director, Head of CFO Risk of Bank of America, National Association
|
||
Walter R. Louis
|
Executive Vice President
|
Senior Vice President, Senior Asset Liability Manager of Bank of America, National Association
|
||
William MacDonald
|
Manager and Executive Vice President
|
Managing Director, Global Loan Products Executive of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Walter J. Muller
|
Executive Vice President
|
Managing Director, Chief Investment Officer of Bank of America, National Association
|
||
Gregory Mulligan3
|
Executive Vice President
|
Managing Director, Corporate Investment Quantitative Finance Executive of Bank of America, National Association/London Branch
|
||
James M. Probert
|
Executive Vice President
|
Managing Director, Product Head for High Grade Capital Markets-US of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
James G. Rose, Jr.
|
Manager and Executive Vice President
|
Managing Director, Product Head - Global Capital Markets of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Robert A. Schleusner III
|
Executive Vice President
|
Managing Director, Product Head, Global SLCM-US Loan Capital Markets of Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
||
Peter D. Taube
|
Manager and Executive Vice President
|
Managing Director, Global Wealth & Investment Management Finance Executive of Bank of America, National Association
|