N-Q 1 lp1-947.htm FORM N-Q lp1-947.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-3721

 

 

 

DREYFUS INTERMEDIATE MUNICIPAL BOND FUND, INC.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York 10166

 

 

(Address of principal executive offices) (Zip code)

 

 

 

 

 

John Pak, Esq.

200 Park Avenue

New York, New York 10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code:

(212) 922-6000

 

 

Date of fiscal year end:

 

05/31

 

Date of reporting period:

8/31/14

 

             

 

 

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS       
Dreyfus Intermediate Municipal Bond Fund, Inc.       
August 31, 2014 (Unaudited)         
 
Long-Term Municipal  Coupon  Maturity  Principal   
Investments--97.6%  Rate (%)  Date  Amount ($)  Value ($) 
Alabama--4.1%         
Alabama Port Authority,         
Docks Facilities Revenue         
(Insured; National Public         
Finance Guarantee Corp.)  5.00  10/1/22  5,000,000  5,387,450 
Alabama Public School and College         
Authority, Capital Improvement         
Revenue  5.00  1/1/26  5,000,000  6,130,600 
Birmingham Water Works Board,         
Water Revenue (Insured;         
Assured Guaranty Corp.)  5.00  1/1/17  6,310,000  6,946,805 
Jefferson County,         
Limited Obligation School         
Warrants  5.25  1/1/17  5,050,000  5,085,350 
Jefferson County,         
Limited Obligation School         
Warrants  5.25  1/1/19  2,150,000  2,169,586 
University of Alabama Board of         
Trustees, General Revenue (The         
University of Alabama)  5.00  7/1/24  6,025,000  7,221,445 
Alaska--.6%         
Alaska Industrial Development and         
Export Authority, Revolving         
Fund Revenue  5.25  4/1/24  3,780,000  4,462,139 
Arizona--2.0%         
Phoenix Civic Improvement         
Corporation, Junior Lien         
Wastewater System Revenue  5.00  7/1/28  5,000,000  6,016,400 
Pima County,         
Sewer System Revenue         
Obligations (Insured; Assured         
Guaranty Municipal Corp.)  5.00  7/1/23  3,250,000  3,768,245 
Pima County Industrial Development         

 

 

Authority, Education Revenue           
(American Charter Schools           
Foundation Project)  5.13  7/1/15  720,000   722,498 
Salt River Project Agricultural           
Improvement and Power           
District, Salt River Project           
Electric System Revenue  5.00  12/1/27  4,500,000   5,416,920 
California--15.7%           
Arcadia Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  8/1/20  1,635,000 a  1,316,126 
Bay Area Toll Authority,           
San Francisco Bay Area           
Subordinate Lien Toll Bridge           
Revenue  5.00  4/1/27  1,750,000   2,073,260 
Bay Area Toll Authority,           
San Francisco Bay Area Toll           
Bridge Revenue  5.00  4/1/22  3,500,000   4,288,410 
Bay Area Toll Authority,           
San Francisco Bay Area Toll           
Bridge Revenue  5.25  4/1/24  6,000,000   7,165,260 
California,           
GO (Various Purpose)  5.25  10/1/20  18,060,000   21,853,864 
California,           
GO (Various Purpose)  5.25  3/1/22  1,250,000   1,507,012 
California,           
GO (Various Purpose)  5.00  9/1/23  2,500,000   3,027,900 
California,           
GO (Various Purpose)  5.63  4/1/25  3,500,000   4,160,975 
California Health Facilities           
Financing Authority, Revenue           
(Providence Health and           
Services) (Prerefunded)  6.25  10/1/18  3,500,000 b  4,280,780 
California Health Facilities           
Financing Authority, Revenue           
(Sutter Health)  5.25  8/15/22  3,000,000   3,488,910 
California Housing Finance Agency,           
Home Mortgage Revenue           
(Insured; FGIC)  4.40  2/1/18  3,300,000   3,408,636 
California Housing Finance Agency,           

 

 

Home Mortgage Revenue           
(Insured; FGIC)  4.40  8/1/18  3,310,000   3,409,598 
California State Public Works           
Board, LR (Judicial Council of           
California) (Various Judicial           
Council Projects)  5.00  3/1/26  1,500,000   1,775,685 
California State University           
Trustees, Systemwide Revenue  5.00  11/1/22  5,000,000   6,046,250 
Clovis Unified School District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  0.00  8/1/22  10,415,000 a  8,365,224 
Coast Community College District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  0.00  8/1/20  1,855,000 a  1,638,800 
Los Angeles Department of           
Airports, Subordinate Revenue           
(Los Angeles International           
Airport)  5.25  5/15/25  1,845,000   2,117,488 
Los Angeles Harbor Department,           
Revenue  5.00  8/1/19  1,425,000   1,668,262 
Orange County Transportation           
Authority, Senior Lien Toll           
Road Revenue (91 Express Lanes)  5.00  8/15/28  2,500,000   2,887,125 
Sacramento City Unified School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  7/1/23  5,065,000 a  3,789,380 
San Diego County Water Authority,           
Water Revenue  5.00  5/1/28  5,000,000   5,800,850 
San Diego Public Facilities           
Financing Authority,           
Subordinated Water Revenue           
(Payable Solely from           
Subordinated Installment           
Payments Secured by Net System           
Revenues of the Water Utility           
Fund)  5.00  8/1/28  2,000,000   2,352,720 
San Diego Public Facilities           
Financing Authority, Water           
Revenue  5.00  8/1/24  7,560,000   8,918,532 
Southern California Public Power           

 

 

Authority, Revenue (Canyon           
Power Project)  5.00  7/1/23  5,000,000   5,784,650 
Southern California Public Power           
Authority, Revenue (Windy           
Point/Windy Flats Project)  5.00  7/1/23  1,850,000   2,207,827 
Tobacco Securitization Authority           
of Southern California,           
Tobacco Settlement           
Asset-Backed Bonds (San Diego           
County Tobacco Asset           
Securitization Corporation)  4.75  6/1/25  1,210,000   1,197,368 
Tuolumne Wind Project Authority,           
Revenue (Tuolumne Company           
Project)  5.00  1/1/22  2,000,000   2,270,860 
University of California Regents,           
General Revenue  5.25  5/15/23  2,500,000   2,831,700 
University of California Regents,           
General Revenue  5.00  5/15/24  5,000,000   6,149,900 
Colorado--4.2%           
City and County of Denver,           
Airport System Subordinate           
Revenue  5.50  11/15/26  15,640,000   18,513,537 
Colorado Health Facilities           
Authority, Revenue (Catholic           
Health Initiatives)  6.00  10/1/23  5,355,000   6,270,116 
E-470 Public Highway Authority,           
Senior Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  9/1/18  3,000,000 a  2,757,660 
Regional Transportation District           
of Colorado, COP (Lease           
Purchase Agreement)  5.00  6/1/25  5,000,000   5,885,950 
Connecticut--1.3%           
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  1/1/30  7,130,000   8,297,751 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Wesleyan University Issue)  5.00  7/1/26  1,000,000   1,169,040 

 

 

Connecticut Health and Educational           
Facilities Authority, Revenue           
(Wesleyan University Issue)  5.00  7/1/27  1,000,000   1,169,040 
District of Columbia--2.5%           
District of Columbia,           
HR (Children's Hospital           
Obligated Group Issue)           
(Insured; Assured Guaranty           
Municipal Corp.)  5.25  7/15/18  1,650,000   1,816,584 
District of Columbia,           
Income Tax Secured Revenue  5.00  12/1/25  2,500,000   2,912,350 
District of Columbia Water and           
Sewer Authority, Public           
Utility Subordinate Lien           
Revenue  5.00  10/1/27  5,980,000   7,074,579 
Metropolitan Washington Airports           
Authority, Airport System           
Revenue  5.00  10/1/25  3,000,000   3,542,820 
Washington Metropolitan Area           
Transit Authority, Gross           
Revenue Transit Bonds  5.25  7/1/23  3,725,000   4,349,571 
Florida--9.3%           
Bay County,           
Sales Tax Revenue (Insured;           
AMBAC)  5.00  9/1/24  2,375,000   2,566,401 
Brevard County,           
Local Option Fuel Tax Revenue           
(Insured; National Public           
Finance Guarantee Corp.)           
(Prerefunded)  5.00  8/1/15  1,260,000 b  1,315,616 
Broward County,           
Airport System Revenue  5.00  10/1/22  3,605,000   4,243,193 
Broward County,           
Port Facilities Revenue  5.00  9/1/21  4,340,000   5,073,243 
Citizens Property Insurance           
Corporation, Coastal Account           
Senior Secured Revenue  5.00  6/1/19  3,000,000   3,496,380 
Citizens Property Insurance           
Corporation, High-Risk Account           
Senior Secured Revenue  5.25  6/1/17  7,500,000   8,425,200 

 

 

Citizens Property Insurance           
Corporation, Personal Lines           
Account/Commercial Lines           
Account Senior Secured Revenue  5.00  6/1/21  5,000,000   5,908,150 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/20  3,500,000   4,132,660 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/22  2,000,000   2,401,640 
Hillsborough County,           
GO (Unincorporated Area Parks           
and Recreation Program)           
(Insured; National Public           
Finance Guarantee Corp.)  5.00  7/1/22  1,155,000   1,401,974 
Jacksonville Aviation Authority,           
Revenue (Insured; AMBAC)  5.00  10/1/19  3,220,000   3,501,138 
Jacksonville Economic Development           
Commission, Health Care           
Facilities Revenue (Florida           
Proton Therapy Institute           
Project)  6.00  9/1/17  1,825,000 c  2,053,417 
Lakeland,           
Energy System Revenue           
(Insured; Assured Guaranty           
Municipal Corp.)  5.00  10/1/18  6,250,000   7,230,000 
Miami-Dade County,           
Seaport Revenue  5.75  10/1/28  1,500,000   1,778,085 
Miami-Dade County,           
Subordinate Special Obligation           
Revenue  5.00  10/1/26  1,000,000   1,150,420 
Miami-Dade County,           
Transit System Sales Surtax           
Revenue (Insured; XLCA)  5.00  7/1/24  2,330,000   2,511,088 
Miami-Dade County,           
Water and Sewer System Revenue  5.38  10/1/24  5,000,000   5,759,250 
Miami-Dade County School Board,           
COP (Master Lease Purchase           

 

 

Agreement) (Insured; FGIC)           
(Prerefunded)  5.25  10/1/14  5,000,000 b  5,020,950 
Orlando Utilities Commission,           
Utility System Revenue  5.00  10/1/23  2,500,000   2,878,425 
Orlando-Orange County Expressway           
Authority, Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  7/1/17  2,105,000   2,366,252 
Palm Bay,           
Educational Facilities Revenue           
(Patriot Charter School           
Project)  6.75  7/1/22  3,000,000 d  900,180 
Georgia--1.5%           
Atlanta,           
Water and Wastewater Revenue  6.00  11/1/20  3,000,000   3,713,100 
DeKalb County,           
Water and Sewerage Revenue  5.25  10/1/25  4,000,000   5,040,680 
Municipal Electric Authority of           
Georgia, Revenue (Project One           
Subordinated Bonds)  5.75  1/1/19  2,660,000   3,132,336 
Hawaii--.9%           
Hawaii,           
Airports System Revenue  5.00  7/1/18  6,000,000   6,873,480 
Idaho--.2%           
Idaho Health Facilities Authority,           
Revenue (Trinity Health Credit           
Group)  6.13  12/1/28  1,450,000   1,695,630 
Illinois--7.9%           
Chicago,           
Customer Facility Charge           
Senior Lien Revenue (Chicago           
O'Hare International Airport)  5.50  1/1/26  3,300,000   3,831,861 
Chicago,           
General Airport Senior Lien           
Revenue (Chicago O'Hare           
International Airport)  5.00  1/1/18  4,250,000   4,806,070 
Chicago,           
General Airport Senior Lien           
Revenue (Chicago O'Hare           
International Airport)  5.00  1/1/23  3,530,000   4,139,666 

 

 

Chicago Park District,         
Limited Tax GO  5.00  1/1/30  1,860,000  2,100,312 
Cook County Community High School         
District Number 219, GO         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  12/1/24  2,020,000  2,252,300 
Illinois,         
Sales Tax Revenue  5.00  6/15/18  1,700,000  1,960,491 
Illinois Finance Authority,         
Revenue (Advocate Health Care         
Network)  5.00  6/1/28  9,005,000  10,326,304 
Illinois Toll Highway Authority,         
Toll Highway Senior Revenue  5.00  1/1/25  5,000,000  5,694,700 
Metropolitan Pier and Exposition         
Authority, Dedicated State Tax         
Revenue (McCormick Place         
Expansion Project) (Insured;         
National Public Finance         
Guarantee Corp.)  5.55  6/15/21  2,500,000  2,758,725 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.00  6/1/18  2,290,000  2,597,135 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.25  6/1/21  3,300,000  3,908,124 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.50  6/1/23  2,750,000  3,233,808 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  6.00  6/1/28  2,385,000  2,810,675 
University of Illinois Board of         
Trustees, Auxiliary Facilities         
System Revenue (University of         
Illinois)  5.00  4/1/26  7,595,000  8,837,542 
University of Illinois Board of         
Trustees, Auxiliary Facilities         
System Revenue (University of         
Illinois)  5.00  4/1/32  3,655,000  4,138,008 
Indiana--2.2%         

 

 

Indiana Finance Authority,           
Educational Facilities Revenue           
(Butler University Project)  5.00  2/1/30  1,400,000   1,528,058 
Indiana Finance Authority,           
First Lien Wastewater Utility           
Revenue (CWA Authority Project)  5.25  10/1/23  2,500,000   3,006,550 
Indianapolis,           
Gas Utility Distribution           
System Second Lien Revenue           
(Insured; Assured Guaranty           
Municipal Corp.)  5.00  8/15/23  3,500,000   4,082,540 
Indianapolis,           
Thermal Energy System First           
Lien Revenue (Insured; Assured           
Guaranty Municipal Corp.)  5.00  10/1/18  7,700,000   8,853,922 
Iowa--.3%           
Iowa Finance Authority,           
State Revolving Fund Revenue  5.00  8/1/24  2,000,000   2,374,660 
Kansas--1.2%           
Wyandotte County/Kansas City           
Unified Government, Utility           
System Revenue (Insured;           
AMBAC) (Prerefunded)  5.65  9/1/14  9,130,000 b  9,589,330 
Kentucky--1.2%           
Kentucky Public Transportation           
Infrastructure Authority,           
Subordinate Toll Revenue, BAN           
(Downtown Crossing Project)  5.00  7/1/17  6,250,000   6,941,438 
Pikeville,           
Hospital Improvement Revenue           
(Pikeville Medical Center,           
Inc. Project)  6.25  3/1/23  2,195,000   2,614,069 
Louisiana--2.6%           
Louisiana State University Board           
of Supervisors and           
Agricultural and Mechanical           
College, Auxiliary Revenue  5.00  7/1/25  2,000,000   2,285,800 
Tobacco Settlement Financing           
Corporation of Louisiana,           
Tobacco Settlement           

 

 

Asset-Backed Bonds  5.00  5/15/27  17,500,000  18,589,550 
Maryland--.4%         
Maryland Economic Development         
Corporation, EDR         
(Transportation Facilities         
Project)  5.38  6/1/25  1,500,000  1,639,245 
Maryland Health and Higher         
Educational Facilities         
Authority, Revenue (The Johns         
Hopkins Health System         
Obligated Group Issue)  5.00  7/1/24  1,155,000  1,384,360 
Massachusetts--5.6%         
Massachusetts,         
Federal Highway Grant         
Anticipation Notes         
(Accelerated Bridge Program)  5.00  6/15/23  3,250,000  3,960,515 
Massachusetts,         
GO (Consolidated Loan)  5.00  4/1/24  7,500,000  8,967,000 
Massachusetts College Building         
Authority, Revenue  5.00  5/1/27  1,800,000  2,146,338 
Massachusetts Development Finance         
Agency, Revenue (Bentley         
University Issue)  5.00  7/1/23  2,550,000  2,837,130 
Massachusetts Development Finance         
Agency, Revenue (Partners         
HealthCare System Issue)  5.00  7/1/25  1,000,000  1,164,430 
Massachusetts Development Finance         
Agency, Revenue (Tufts Medical         
Center Issue)  5.50  1/1/22  2,990,000  3,438,949 
Massachusetts Educational         
Financing Authority, Education         
Loan Revenue (Issue K)  5.00  7/1/22  6,645,000  7,547,258 
Massachusetts School Building         
Authority, Senior Dedicated         
Sales Tax Revenue  5.00  10/15/23  2,500,000  2,998,050 
Massachusetts School Building         
Authority, Senior Dedicated         
Sales Tax Revenue  5.00  8/15/24  5,000,000  6,125,200 
Massachusetts School Building         
Authority, Senior Dedicated         

 

 

Sales Tax Revenue  5.00  8/15/28  5,000,000  5,928,500 
Michigan--3.4%         
Detroit,         
Sewage Disposal System Senior         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.25  7/1/19  1,635,000  1,901,423 
Detroit,         
Water Supply System Senior         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.00  7/1/22  5,000,000  5,225,450 
Detroit,         
Water Supply System Senior         
Lien Revenue (Insured;         
National Public Finance         
Guarantee Corp.)  5.00  7/1/18  1,750,000  1,861,475 
Detroit School District,         
School Building and Site         
Improvement Bonds (GO -         
Unlimited Tax) (Insured; FGIC)  6.00  5/1/19  2,965,000  3,483,519 
Michigan,         
GO (Environmental Program)  5.00  11/1/19  2,000,000  2,374,960 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue (Detroit Water and         
Sewerage Department, Sewage         
Disposal System Revenue Senior         
Lien Local Project Bonds)         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  7/1/30  1,000,000  1,084,440 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue (Detroit Water and         
Sewerage Department, Water         
Supply System Revenue Senior         
Lien Local Project Bonds)         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  7/1/23  5,000,000  5,727,300 
Wayne County Airport Authority,         
Airport Revenue (Detroit         
Metropolitan Wayne County         
Airport)  5.00  12/1/18  2,500,000  2,839,575 

 

 

Wayne County Airport Authority,         
Junior Lien Airport Revenue         
(Detroit Metropolitan Wayne         
County Airport) (Insured;         
National Public Finance         
Guarantee Corp.)  5.00  12/1/22  2,500,000  2,733,925 
Minnesota--.8%         
Minneapolis-Saint Paul         
Metropolitan Airports         
Commission, Subordinate         
Airport Revenue (Insured;         
National Public Finance         
Guarantee Corp.)  5.00  1/1/25  5,000,000  5,471,500 
Western Minnesota Municipal Power         
Agency, Power Supply Revenue  5.00  1/1/24  1,000,000  1,231,860 
Missouri--1.0%         
Kansas City,         
General Improvement Airport         
Revenue  5.00  9/1/19  4,000,000  4,679,920 
Missouri Development Finance         
Board, Infrastructure         
Facilities Revenue (Branson         
Landing Project)  6.00  6/1/20  2,890,000  3,224,893 
Nevada--2.2%         
Clark County,         
Airport System Revenue  5.00  7/1/22  3,300,000  3,854,400 
Clark County School District,         
Limited Tax GO  5.00  6/15/25  4,950,000  5,552,910 
Director of the State of Nevada         
Department of Business and         
Industry, SWDR (Republic         
Services, Inc. Project)  5.63  6/1/18  5,000,000  5,561,300 
Las Vegas Valley Water District,         
Limited Tax GO (Additionally         
Secured by Southern Nevada         
Water Authority Pledged         
Revenues)  5.00  6/1/25  2,100,000  2,495,262 
New Hampshire--.6%         
New Hampshire Business Finance         
Authority, PCR (The United         

 

 

Illuminating Company Project)           
(Insured; AMBAC)  0.31  10/1/33  5,000,000 e  4,531,250 
New Jersey--1.4%           
Camden County Improvement           
Authority, Health Care           
Redevelopment Project Revenue           
(The Cooper Health System           
Obligated Group Issue)  5.25  2/15/20  3,000,000   3,057,270 
Rutgers, The State University,           
GO  5.00  5/1/29  6,840,000   8,051,774 
New Mexico--1.7%           
New Mexico Hospital Equipment Loan           
Council, Hospital System           
Revenue (Presbyterian           
Healthcare Services)  6.00  8/1/23  7,500,000   8,739,075 
New Mexico Municipal Energy           
Acquisition Authority, Gas           
Supply Revenue  0.85  8/1/19  5,000,000 e  4,985,650 
New York--6.3%           
Long Island Power Authority,           
Electric System General           
Revenue (Insured; National           
Public Finance Guarantee Corp.)  2.27  9/1/15  3,000,000 e  3,030,780 
New York City,           
GO  5.00  8/1/20  2,655,000   3,163,910 
New York City,           
GO  5.00  3/1/25  3,300,000   3,986,994 
New York City,           
GO  5.00  8/1/25  3,510,000   4,185,956 
New York City,           
GO  5.00  8/1/28  5,000,000   5,803,350 
New York City,           
GO (Prerefunded)  5.00  4/1/15  10,000 b  10,288 
New York City,           
GO (Prerefunded)  5.00  4/1/15  5,000 b  5,144 
New York City,           
GO (Prerefunded)  5.00  8/1/16  50,000 b  54,494 
New York City Health and Hospitals           
Corporation, Health System           

 

 

Revenue  5.00  2/15/22  4,385,000  5,078,356 
New York City Industrial         
Development Agency, Senior         
Airport Facilities Revenue         
(Transportation Infrastructure         
Properties, LLC Obligated         
Group)  5.00  7/1/20  3,035,000  3,407,030 
New York City Transitional Finance         
Authority, Future Tax Secured         
Subordinate Revenue  5.00  5/1/28  4,400,000  5,184,476 
New York State Dormitory         
Authority, Revenue (New York         
University Hospitals Center)  5.25  7/1/24  400,000  429,836 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.25  2/15/21  2,500,000  2,949,675 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.00  2/15/25  3,925,000  4,799,961 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.00  3/15/32  5,000,000  5,835,850 
Suffolk Tobacco Asset         
Securitization Corporation,         
Tobacco Settlement         
Asset-Backed Bonds  5.38  6/1/28  810,000  780,573 
Triborough Bridge and Tunnel         
Authority, General Revenue         
(MTA Bridges and Tunnels)  5.00  1/1/19  1,500,000  1,750,995 
North Carolina--1.7%         
North Carolina,         
Capital Improvement Limited         
Obligation Bonds  5.00  5/1/30  4,000,000  4,564,720 
North Carolina Eastern Municipal         
Power Agency, Power System         
Revenue (Escrowed to Maturity)  5.00  1/1/21  1,200,000  1,431,660 
North Carolina Medical Care         

 

 

Commission, Retirement           
Facilities First Mortgage           
Revenue (The United Methodist           
Retirement Homes Project)  5.13  10/1/19  1,250,000   1,276,800 
Wake County Industrial Facilities           
and Pollution Control           
Financing Authority, PCR           
(Carolina Power and Light           
Company Project) (Insured;           
AMBAC)  0.09  10/1/22  6,500,000 e  6,069,375 
Ohio--.4%           
Montgomery County,           
Revenue (Miami Valley Hospital)  5.75  11/15/22  2,970,000   3,500,501 
Pennsylvania--3.9%           
Allegheny County Airport           
Authority, Airport Revenue           
(Pittsburgh International           
Airport) (Insured; FGIC)  5.00  1/1/19  3,395,000   3,889,957 
Chester County Industrial           
Development Authority, Revenue           
(Avon Grove Charter School           
Project)  5.65  12/15/17  485,000   514,391 
Delaware Valley Regional Finance           
Authority, Local Government           
Revenue  5.75  7/1/17  6,830,000   7,693,653 
Erie Higher Education Building           
Authority, College Revenue           
(Mercyhurst College Project)  5.13  3/15/23  2,045,000   2,202,445 
Montgomery County Higher Education           
and Health Authority, HR           
(Abington Memorial Hospital           
Obligated Group)  5.00  6/1/21  6,585,000   7,699,314 
Pennsylvania Intergovernmental           
Cooperation Authority, Special           
Tax Revenue (City of           
Philadelphia Funding Program)  5.00  6/15/17  4,000,000   4,487,520 
Pennsylvania Turnpike Commission,           
Turnpike Revenue  5.00  12/1/27  1,800,000   2,068,416 
Philadelphia Authority for           
Industrial Development,           

 

 

Revenue (Independence Charter         
School Project)  5.38  9/15/17  1,405,000  1,482,303 
Philadelphia School District,         
GO  5.00  9/1/17  1,160,000  1,298,666 
South Carolina--.7%         
Piedmont Municipal Power Agency,         
Electric Revenue  5.00  1/1/20  5,000,000  5,887,550 
Texas--3.9%         
Austin,         
Electric Utility System Revenue  5.00  11/15/23  1,550,000  1,832,720 
Harris County Metropolitan Transit         
Authority, Sales and Use Tax         
Revenue  5.00  11/1/27  2,500,000  2,936,600 
Houston,         
Combined Utility System First         
Lien Revenue  5.00  11/15/20  2,725,000  3,281,854 
Houston,         
Combined Utility System First         
Lien Revenue  5.00  11/15/29  2,500,000  2,917,875 
Love Field Airport Modernization         
Corporation, Special         
Facilities Revenue (Southwest         
Airlines Company - Love Field         
Modernization Program Project)  5.00  11/1/15  2,840,000  2,974,758 
North Texas Tollway Authority,         
First Tier System Revenue  6.00  1/1/23  3,000,000  3,425,850 
San Antonio,         
Municipal Drainage Utility         
System Revenue  5.00  2/1/28  5,000,000  5,933,150 
San Antonio,         
Water System Revenue  5.00  5/15/29  1,355,000  1,564,659 
Texas,         
GO (College Student Loan Bonds)  5.50  8/1/19  3,500,000  4,249,840 
Texas Water Development Board,         
State Revolving Fund         
Subordinate Lien Revenue  5.00  7/15/23  2,000,000  2,359,160 
Virginia--.5%         
Virginia College Building         
Authority, Educational         

 

 

Facilities Revenue (21st           
Century College and Equipment           
Programs)  5.00  2/1/22  3,000,000   3,617,910 
Washington--4.9%           
Energy Northwest,           
Electric Revenue (Columbia           
Generating Station)  5.00  7/1/21  3,410,000   3,696,474 
Energy Northwest,           
Electric Revenue (Columbia           
Generating Station)  5.00  7/1/23  735,000   796,167 
Energy Northwest,           
Electric Revenue (Columbia           
Generating Station)           
(Prerefunded)  5.00  7/1/16  4,265,000 b  4,627,781 
Port of Seattle,           
Intermediate Lien Revenue  5.00  2/1/18  2,500,000   2,846,550 
Port of Seattle,           
Intermediate Lien Revenue  5.00  8/1/28  2,485,000   2,885,334 
Port of Seattle,           
Limited Tax GO  5.75  12/1/25  830,000   1,001,312 
Port of Tacoma,           
Limited Tax GO (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  12/1/20  3,025,000   3,437,671 
Seattle,           
Drainage and Wastewater           
Improvement Revenue  5.00  9/1/27  5,025,000   5,874,225 
Washington,           
GO (Various Purpose)  5.00  2/1/22  2,500,000   2,962,800 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  7/1/23  5,030,000   6,198,821 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  2/1/24  4,315,000   5,253,944 
West Virginia--.2%           
West Virginia University Board of           
Governors, University           
Improvement Revenue (West           
Virginia University Projects)  5.00  10/1/22  1,475,000   1,770,398 
Wisconsin--.3%           

 

 

Wisconsin Health and Educational           
Facilities Authority, Health           
Facilities Revenue (UnityPoint           
Health)  5.00  12/1/28  1,890,000   2,193,118 
Total Long-Term Municipal Investments           
(cost $726,364,951)          780,670,330 
Short-Term Municipal  Coupon  Maturity  Principal    
Investment--.6%  Rate (%)  Date  Amount ($)   Value ($) 
Michigan;           
University of Michigan Regents,           
General Revenue           
(cost $5,000,000)  0.01  9/2/14  5,000,000 f  5,000,000 
Total Investments (cost $731,364,951)      98.2 %  785,670,330 
Cash and Receivables (Net)      1.8 %  14,677,005 
Net Assets      100.0 %  800,347,335 

 

a  Security issued with a zero coupon. Income is recognized through the accretion of discount. 
b  These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are 
  collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the 
  municipal issue and to retire the bonds in full at the earliest refunding date. 
c  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. This security may be 
  resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2014, this 
  security was valued at $2,053,417 or 0.3% of net assets. 
d  Non-income producing--security in default. 
e  Variable rate security--interest rate subject to periodic change. 
f  Variable rate demand note - rate shown is the interest rate in effect at August 31, 2014. Maturity date represents the 
  next demand date, or the ultimate maturity date if earlier. 

 

At August 31, 2014, net unrealized appreciation on investments was $54,305,379 of which $56,509,306 related to appreciated investment securities and $2,203,927 related to depreciated investment securities. At August 31, 2014, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.

Summary of Abbreviations     
ABAG  Association of Bay Area Governments  ACA  American Capital Access 
AGC  ACE Guaranty Corporation  AGIC  Asset Guaranty Insurance Company 

 

 

AMBAC  American Municipal Bond Assurance Corporation  ARRN  Adjustable Rate Receipt Notes 
BAN  Bond Anticipation Notes  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  COP  Certificate of Participation 
CP  Commercial Paper  DRIVERS  Derivative Inverse Tax-Exempt Receipts 
EDR  Economic Development Revenue  EIR  Environmental Improvement Revenue 
FGIC  Financial Guaranty Insurance Company  FHA  Federal Housing Administration 
FHLB  Federal Home Loan Bank  FHLMC  Federal Home Loan Mortgage Corporation 
FNMA  Federal National Mortgage Association  GAN  Grant Anticipation Notes 
GIC  Guaranteed Investment Contract  GNMA  Government National Mortgage Association 
GO  General Obligation  HR  Hospital Revenue 
IDB  Industrial Development Board  IDC  Industrial Development Corporation 
IDR  Industrial Development Revenue  LIFERS  Long Inverse Floating Exempt Receipts 
LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MERLOTS  Municipal Exempt Receipts Liquidity Option 
      Tender 
MFHR  Multi-Family Housing Revenue  MFMR  Multi-Family Mortgage Revenue 
PCR  Pollution Control Revenue  P-FLOATS  Puttable Floating Option Tax-Exempt Receipts 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 
RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  RIB  Residual Interest Bonds 
ROCS  Reset Option Certificates  RRR  Resources Recovery Revenue 

 

 


SAAN  State Aid Anticipation Notes  SBPA  Standby Bond Purchase Agreement 
SFHR  Single Family Housing Revenue  SFMR  Single Family Mortgage Revenue 
SONYMA  State of New York Mortgage Agency  SPEARS  Short Puttable Exempt Adjustable Receipts 
SWDR  Solid Waste Disposal Revenue  TAN  Tax Anticipation Notes 
TAW  Tax Anticipation Warrants  TRAN  Tax and Revenue Anticipation Notes 
XLCA  XL Capital Assurance     

 

 

The following is a summary of the inputs used as of August 31, 2014 in valuing the fund's investments:     
 
      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted Quoted  Significant  Unobservable   
Assets ($)  Prices  Observable Inputs  Inputs  Total 
Investments in Securities:         
Municipal Bonds+  -  784,770,150  900,180  785,670,330 

 

+ See Statement of Investments for additional detailed categorizations. 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted 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, etc.).

Level 3—significant unobservable inputs (including the fund’s own

 

assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board.

Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All preceding securities are categorized as Level 2 in the hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the fund's Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized as Level 2 or 3 depending on the relevant inputs used.

 

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

 

 

 

Item 2.             Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.             Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 

 

 

 

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.

DREYFUS INTERMEDIATE MUNICIPAL BOND FUND, INC.

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 23, 2014

 

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 23, 2014

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 23, 2014

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)