N-Q 1 lp1947.htm FORM N-Q lp1947.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

811-03721

 

 

 

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)

 

 

 

 

 

Bennett MacDougall, 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:

8/31/15

 

             

 

 

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS 
Dreyfus Intermediate Municipal Bond Fund, Inc. 
August 31, 2015 (Unaudited) 

 

Long-Term Municipal  Coupon  Maturity  Principal    
Investments--99.0%  Rate (%)  Date  Amount ($)   Value ($) 
Alabama--2.8%           
Alabama Port Authority,           
Docks Facilities Revenue           
(Insured; National Public           
Finance Guarantee Corp.)  5.00  10/1/22  5,000,000   5,224,500 
Alabama Public School and College           
Authority, Capital Improvement           
Revenue  5.00  1/1/26  1,500,000   1,791,585 
Jefferson County,           
Limited Obligation School           
Warrants  5.25  1/1/17  5,050,000   5,081,057 
Jefferson County,           
Limited Obligation School           
Warrants  5.25  1/1/19  2,150,000   2,163,223 
University of Alabama Board of           
Trustees, General Revenue (The           
University of Alabama)  5.00  7/1/24  6,025,000   7,102,270 
Alaska--.6%           
Alaska Industrial Development and           
Export Authority, Revolving           
Fund Revenue  5.25  4/1/24  3,780,000   4,348,966 
Arizona--1.9%           
Phoenix Civic Improvement           
Corporation, Junior Lien           
Wastewater System Revenue  5.00  7/1/28  5,000,000   5,872,500 
Pima County,           
Sewer System Revenue           
Obligations (Insured; Assured           
Guaranty Municipal Corp.)  5.00  7/1/23  3,250,000   3,720,405 
Salt River Project Agricultural           
Improvement and Power           
District, Salt River Project           
Electric System Revenue  5.00  12/1/27  4,500,000   5,246,370 
Arkansas--.6%           
University of Arkansas Board of           
Trustees, Various Facility           
Revenue (Fayetteville Campus)  5.00  11/1/35  2,685,000   3,050,241 
University of Arkansas Board of           
Trustees, Various Facility           
Revenue (Fayetteville Campus)  5.00  11/1/36  1,585,000   1,795,234 
California--15.4%           
Arcadia Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  8/1/20  1,635,000 a  1,372,681 
Bay Area Toll Authority,           
San Francisco Bay Area           

 

 

Subordinate Lien Toll Bridge           
Revenue  5.00  4/1/27  1,750,000   2,017,522 
Bay Area Toll Authority,           
San Francisco Bay Area Toll           
Bridge Revenue  5.00  4/1/22  3,500,000   4,192,405 
Bay Area Toll Authority,           
San Francisco Bay Area Toll           
Bridge Revenue (Prerefunded)  5.25  4/1/19  6,000,000 b  6,907,980 
California,           
GO (Various Purpose)  5.25  10/1/20  18,060,000   21,044,415 
California,           
GO (Various Purpose)  5.25  3/1/22  1,250,000   1,462,150 
California,           
GO (Various Purpose)  5.00  9/1/23  2,500,000   3,014,200 
California,           
GO (Various Purpose)  5.63  4/1/25  3,500,000   4,057,620 
California Health Facilities           
Financing Authority, Revenue           
(Providence Health and           
Services) (Prerefunded)  6.25  10/1/18  3,500,000 b  4,076,240 
California Health Facilities           
Financing Authority, Revenue           
(Sutter Health)  5.25  8/15/22  3,000,000   3,374,580 
California Housing Finance Agency,           
Home Mortgage Revenue           
(Insured; FGIC)  4.40  2/1/18  3,300,000   3,373,029 
California Housing Finance Agency,           
Home Mortgage Revenue           
(Insured; FGIC)  4.40  8/1/18  3,310,000   3,378,649 
California State Public Works           
Board, LR (Judicial Council of           
California) (Various Judicial           
Council Projects)  5.00  3/1/26  1,500,000   1,765,890 
California State Public Works           
Board, LR (Various Capital           
Projects)  5.00  12/1/26  4,355,000   5,188,199 
California State University           
Trustees, Systemwide Revenue  5.00  11/1/22  5,000,000   5,975,950 
Clovis Unified School District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  0.00  8/1/22  10,415,000 a  8,973,252 
Coast Community College District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  0.00  8/1/20  1,855,000 a  1,676,438 
Los Angeles Harbor Department,           
Revenue  5.00  8/1/19  1,425,000   1,616,905 
Orange County Transportation           
Authority, Senior Lien Toll           
Road Revenue (91 Express Lanes)  5.00  8/15/28  2,500,000   2,885,725 
Sacramento City Unified School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  7/1/23  5,065,000 a  4,092,672 

 

 

San Diego County Water Authority,           
Water Revenue  5.00  5/1/28  5,000,000   5,789,150 
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   2,323,540 
San Diego Public Facilities           
Financing Authority, Water           
Revenue  5.00  8/1/24  7,560,000   8,816,699 
Southern California Public Power           
Authority, Revenue (Canyon           
Power Project)  5.00  7/1/23  5,000,000   5,717,900 
Southern California Public Power           
Authority, Revenue (Windy           
Point/Windy Flats Project)  5.00  7/1/23  1,850,000   2,159,709 
Tobacco Securitization Authority           
of Southern California,           
Tobacco Settlement           
Asset-Backed Bonds (San Diego           
County Tobacco Asset           
Securitization Corporation)  4.75  6/1/25  875,000   874,939 
Tuolumne Wind Project Authority,           
Revenue (Tuolumne Company           
Project)  5.00  1/1/22  2,000,000   2,235,740 
University of California Regents,           
General Revenue  5.25  5/15/23  125,000   136,125 
Colorado--3.6%           
City and County of Denver,           
Airport System Subordinate           
Revenue  5.50  11/15/26  15,640,000   18,488,044 
Colorado Health Facilities           
Authority, Revenue (Catholic           
Health Initiatives)  6.00  10/1/23  5,355,000   6,079,478 
E-470 Public Highway Authority,           
Senior Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  9/1/18  3,000,000 a  2,846,190 
Connecticut--1.1%           
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  9/1/32  5,500,000   6,292,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Wesleyan University Issue)  5.00  7/1/26  1,000,000   1,141,750 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Wesleyan University Issue)  5.00  7/1/27  1,000,000   1,141,750 

 

 

District of Columbia--2.4%           
District of Columbia,           
HR (Children's Hospital           
Obligated Group Issue)           
(Insured; Assured Guaranty           
Municipal Corp.) (Escrowed to           
Maturity)  5.25  7/15/18  1,255,000   1,352,790 
District of Columbia,           
Income Tax Secured Revenue  5.00  12/1/25  2,500,000   2,858,900 
District of Columbia Water and           
Sewer Authority, Public           
Utility Subordinate Lien           
Revenue  5.00  10/1/27  5,980,000   6,950,135 
Metropolitan Washington Airports           
Authority, Airport System           
Revenue  5.00  10/1/25  3,000,000   3,458,580 
Washington Metropolitan Area           
Transit Authority, Gross           
Revenue Transit Bonds  5.25  7/1/23  3,725,000   4,224,411 
Florida--8.4%           
Bay County,           
Sales Tax Revenue (Insured;           
AMBAC) (Prerefunded)  5.00  9/1/16  2,375,000 b  2,483,775 
Broward County,           
Airport System Revenue  5.00  10/1/22  3,605,000   4,194,273 
Broward County,           
Port Facilities Revenue  5.00  9/1/21  4,340,000   5,005,452 
Citizens Property Insurance           
Corporation, Coastal Account           
Senior Secured Revenue  5.00  6/1/25  16,000,000   19,061,440 
Citizens Property Insurance           
Corporation, Personal Lines           
Account/Commercial Lines           
Account Senior Secured Revenue  5.00  6/1/21  5,000,000   5,801,550 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/20  3,500,000   4,043,830 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/22  2,000,000   2,379,660 
Florida Municipal Power Agency,           
All-Requirements Power Supply           
Project Revenue  5.00  10/1/30  1,250,000   1,430,975 
Hillsborough County,           
GO (Unincorporated Area Parks           
and Recreation Program)           
(Insured; National Public           
Finance Guarantee Corp.)  5.00  7/1/22  1,155,000   1,372,833 
Jacksonville Economic Development           
Commission, Health Care           

 

 

Facilities Revenue (Florida           
Proton Therapy Institute           
Project)  6.00  9/1/17  1,375,000 c  1,486,540 
Lee County,           
Transportation Facilities           
Revenue (Insured; Assured           
Guaranty Municipal Corp.)  5.00  10/1/24  2,500,000   3,001,050 
Miami-Dade County,           
Seaport Revenue  5.75  10/1/28  1,500,000   1,776,360 
Miami-Dade County,           
Subordinate Special Obligation           
Revenue  5.00  10/1/26  1,000,000   1,143,200 
Miami-Dade County,           
Water and Sewer System Revenue           
(Prerefunded)  5.38  10/1/18  5,000,000 b  5,673,900 
Orlando Utilities Commission,           
Utility System Revenue  5.00  10/1/23  2,500,000   2,798,675 
Orlando-Orange County Expressway           
Authority, Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  7/1/17  2,105,000   2,271,590 
Palm Bay,           
Educational Facilities Revenue           
(Patriot Charter School           
Project)  6.75  7/1/22  3,000,000 d  900,060 
Georgia--2.0%           
Atlanta,           
Water and Wastewater Revenue  5.00  11/1/31  2,000,000   2,313,420 
Atlanta,           
Water and Wastewater Revenue           
(Prerefunded)  6.00  11/1/19  3,000,000 b  3,595,830 
Atlanta Development Authority,           
Senior Lien Revenue (New           
Downtown Atlanta Stadium           
Project)  5.00  7/1/27  1,000,000   1,172,450 
DeKalb County,           
Water and Sewerage Revenue  5.25  10/1/25  4,000,000   4,963,880 
Municipal Electric Authority of           
Georgia, Revenue (Project One           
Subordinated Bonds)  5.75  1/1/19  2,660,000   3,016,626 
Hawaii--.9%           
Hawaii,           
Airports System Revenue  5.00  7/1/18  6,000,000   6,640,260 
Idaho--.2%           
Idaho Health Facilities Authority,           
Revenue (Trinity Health Credit           
Group) (Prerefunded)  6.13  12/1/18  1,450,000 b  1,688,699 
Illinois--9.8%           
Chicago,           
Customer Facility Charge           
Senior Lien Revenue (Chicago           
O'Hare International Airport)  5.50  1/1/26  3,300,000   3,776,223 

 

 

Chicago,         
General Airport Senior Lien         
Revenue (Chicago O'Hare         
International Airport)  5.00  1/1/18  4,250,000  4,591,785 
Chicago,         
General Airport Senior Lien         
Revenue (Chicago O'Hare         
International Airport)  5.00  1/1/23  3,530,000  3,998,960 
Chicago,         
GO  5.00  1/1/34  2,500,000  2,198,800 
Chicago,         
Second Lien Wastewater         
Transmission Revenue Project         
Bonds  5.00  1/1/26  2,500,000  2,673,725 
Chicago Park District,         
Limited Tax GO  5.00  1/1/28  1,000,000  1,079,790 
Chicago Park District,         
Limited Tax GO  5.00  1/1/30  2,060,000  2,195,630 
Cook County Community High School         
District Number 219, GO         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  12/1/24  2,020,000  2,189,397 
Illinois,         
Sales Tax Revenue  5.00  6/15/18  1,700,000  1,877,191 
Illinois Finance Authority,         
Revenue (Advocate Health Care         
Network)  5.00  6/1/28  9,005,000  10,275,155 
Illinois Finance Authority,         
Revenue (Rush University         
Medical Center Obligated Group)  5.00  11/15/33  2,140,000  2,367,760 
Illinois Toll Highway Authority,         
Toll Highway Senior Revenue  5.00  1/1/25  5,000,000  5,630,600 
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  2,721,050 
Metropolitan Pier and Exposition         
Authority, Revenue (McCormick         
Place Expansion Project)  5.00  12/15/28  5,000,000  5,394,100 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.00  6/1/18  2,290,000  2,510,939 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.25  6/1/21  3,300,000  3,802,623 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         
Revenue  5.50  6/1/23  2,750,000  3,172,098 
Railsplitter Tobacco Settlement         
Authority, Tobacco Settlement         

 

 

Revenue  6.00  6/1/28  2,385,000  2,805,523 
University of Illinois Board of         
Trustees, Auxiliary Facilities         
System Revenue (University of         
Illinois)  5.00  4/1/26  7,595,000  8,615,616 
University of Illinois Board of         
Trustees, Auxiliary Facilities         
System Revenue (University of         
Illinois)  5.00  4/1/32  3,655,000  4,029,857 
Indiana--2.6%         
Indiana Finance Authority,         
Educational Facilities Revenue         
(Butler University Project)  5.00  2/1/30  1,400,000  1,544,242 
Indiana Finance Authority,         
First Lien Wastewater Utility         
Revenue (CWA Authority Project)  5.25  10/1/23  2,500,000  2,944,750 
Indianapolis,         
Gas Utility Distribution         
System Second Lien Revenue         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  8/15/23  3,500,000  3,991,330 
Indianapolis,         
Thermal Energy System First         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.00  10/1/18  7,700,000  8,565,634 
Richmond Hospital Authority,         
Revenue (Reid Hospital Project)  5.00  1/1/28  2,440,000  2,761,348 
Iowa--.3%         
Iowa Finance Authority,         
State Revolving Fund Revenue  5.00  8/1/24  2,000,000  2,345,600 
Kentucky--1.2%         
Kentucky Public Transportation         
Infrastructure Authority,         
Subordinate Toll Revenue, BAN         
(Downtown Crossing Project)  5.00  7/1/17  6,250,000  6,707,687 
Pikeville,         
Hospital Improvement Revenue         
(Pikeville Medical Center,         
Inc. Project)  6.25  3/1/23  2,195,000  2,555,485 
Louisiana--2.6%         
Louisiana State University Board         
of Supervisors and         
Agricultural and Mechanical         
College, Auxiliary Revenue  5.00  7/1/25  2,000,000  2,251,980 
Tobacco Settlement Financing         
Corporation of Louisiana,         
Tobacco Settlement         
Asset-Backed Bonds  5.00  5/15/27  17,500,000  18,162,900 
Maryland--.6%         
Maryland Economic Development         
Corporation, EDR         
(Transportation Facilities         

 

 

Project)  5.38  6/1/25  1,500,000  1,627,485 
Maryland Health and Higher         
Educational Facilities         
Authority, Revenue (Peninsula         
Regional Medical Center Issue)  5.00  7/1/31  1,740,000  1,936,063 
Maryland Health and Higher         
Educational Facilities         
Authority, Revenue (The Johns         
Hopkins Health System         
Obligated Group Issue)  5.00  7/1/24  1,155,000  1,356,709 
Massachusetts--4.2%         
Massachusetts,         
Federal Highway GAN         
(Accelerated Bridge Program)  5.00  6/15/23  3,250,000  3,872,830 
Massachusetts College Building         
Authority, Revenue  5.00  5/1/27  1,800,000  2,116,602 
Massachusetts Development Finance         
Agency, Revenue (Bentley         
University Issue)  5.00  7/1/23  2,550,000  2,863,803 
Massachusetts Development Finance         
Agency, Revenue (Partners         
HealthCare System Issue)  5.00  7/1/25  1,000,000  1,161,690 
Massachusetts Development Finance         
Agency, Revenue (Tufts Medical         
Center Issue)  5.50  1/1/22  2,990,000  3,450,520 
Massachusetts Educational         
Financing Authority, Education         
Loan Revenue (Issue K)  5.00  7/1/22  6,645,000  7,453,962 
Massachusetts School Building         
Authority, Senior Dedicated         
Sales Tax Revenue  5.00  10/15/23  2,500,000  2,981,250 
Massachusetts School Building         
Authority, Senior Dedicated         
Sales Tax Revenue  5.00  8/15/24  5,000,000  5,942,700 
Massachusetts School Building         
Authority, Senior Dedicated         
Sales Tax Revenue  5.00  8/15/28  2,000,000  2,354,400 
Michigan--3.6%         
Detroit,         
Sewage Disposal System Senior         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.25  7/1/19  1,635,000  1,842,351 
Detroit School District,         
School Building and Site         
Improvement Bonds (GO -         
Unlimited Tax) (Insured; FGIC)  6.00  5/1/19  2,965,000  3,420,098 
Michigan,         
GO (Environmental Program)  5.00  11/1/19  2,000,000  2,302,020 
Michigan Finance Authority,         
HR (Beaumont Health Credit         
Group)  5.00  8/1/25  3,180,000  3,670,038 
Michigan Finance Authority,         

 

 

HR (Oakwood Obligated Group)  5.00  8/15/30  3,870,000  4,262,960 
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  1,122,780 
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  5,744,150 
Wayne County Airport Authority,         
Airport Revenue (Detroit         
Metropolitan Wayne County         
Airport)  5.00  12/1/18  2,500,000  2,779,575 
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  2,673,850 
Minnesota--.2%         
Western Minnesota Municipal Power         
Agency, Power Supply Revenue  5.00  1/1/24  1,000,000  1,205,340 
Missouri--2.4%         
Kansas City,         
General Improvement Airport         
Revenue  5.00  9/1/19  4,000,000  4,547,600 
Missouri Development Finance         
Board, Infrastructure         
Facilities Revenue (Branson         
Landing Project)  5.00  6/1/28  1,495,000  1,671,455 
Missouri Development Finance         
Board, Infrastructure         
Facilities Revenue (Branson         
Landing Project)  5.00  6/1/30  2,425,000  2,685,542 
Missouri Health and Educational         
Facilities Authority, Health         
Facilities Revenue (CoxHealth)  5.00  11/15/35  3,705,000  4,122,776 
Missouri Joint Municipal Electric         
Utility Commission, Power         
Project Revenue (Iatan 2         
Project)  5.00  1/1/32  1,550,000  1,734,558 
Missouri Joint Municipal Electric         
Utility Commission, Power         
Project Revenue (Prairie State         

 

 

Project)  5.00  12/1/30  3,270,000   3,738,885 
Nebraska--1.3%           
Nebraska Public Power District,           
General Revenue  5.00  1/1/33  2,000,000   2,293,620 
Public Power Generation Agency,           
Revenue (Whelan Energy Center           
Unit 2)  5.00  1/1/29  4,750,000   5,377,618 
Public Power Generation Agency,           
Revenue (Whelan Energy Center           
Unit 2)  5.00  1/1/30  2,250,000   2,535,750 
Nevada--2.2%           
Clark County,           
Airport System Revenue  5.00  7/1/22  3,300,000   3,744,147 
Clark County School District,           
Limited Tax GO  5.00  6/15/25  4,950,000   5,369,116 
Director of the State of Nevada           
Department of Business and           
Industry, SWDR (Republic           
Services, Inc. Project)  5.63  6/1/18  5,000,000   5,445,950 
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   2,486,190 
New Hampshire--.6%           
New Hampshire Business Finance           
Authority, PCR (The United           
Illuminating Company Project)           
(Insured; AMBAC)  0.40  10/1/33  5,000,000 e  4,750,000 
New Jersey--1.6%           
New Jersey Economic Development           
Authority, School Facilities           
Construction Revenue  5.25  6/15/31  4,000,000   4,123,200 
Rutgers, The State University,           
GO  5.00  5/1/29  6,840,000   7,876,602 
New Mexico--2.1%           
New Mexico Hospital Equipment Loan           
Council, Hospital System           
Revenue (Presbyterian           
Healthcare Services)           
(Prerefunded)  6.00  8/1/18  7,500,000 b  8,595,375 
New Mexico Municipal Energy           
Acquisition Authority, Gas           
Supply Revenue  0.88  8/1/19  5,000,000 e  5,007,450 
New Mexico Municipal Energy           
Acquisition Authority, Gas           
Supply Revenue (SBPA; Royal           
Bank of Canada)  0.78  2/1/19  2,500,000 e  2,497,900 
New York--6.7%           
Long Island Power Authority,           
Electric System General           
Revenue (Insured; National           

 

 

Public Finance Guarantee Corp.)  1.52  9/1/15  3,000,000 e  3,000,000 
New York City,           
GO  5.00  8/1/20  2,655,000   3,086,756 
New York City,           
GO  5.00  3/1/25  3,300,000   3,932,511 
New York City,           
GO  5.00  8/1/28  5,000,000   5,768,950 
New York City,           
GO (Prerefunded)  5.00  8/1/16  50,000 b  52,102 
New York City Health and Hospitals           
Corporation, Health System           
Revenue  5.00  2/15/22  4,385,000   4,999,865 
New York City Industrial           
Development Agency, Senior           
Airport Facilities Revenue           
(Transportation Infrastructure           
Properties, LLC Obligated           
Group)  5.00  7/1/20  3,035,000   3,363,721 
New York City Transitional Finance           
Authority, Future Tax Secured           
Subordinate Revenue  5.00  5/1/28  4,400,000   5,137,924 
New York Liberty Development           
Corporation, Revenue (Goldman           
Sachs Headquarters Issue)  5.25  10/1/35  2,000,000   2,345,860 
New York State Dormitory           
Authority, Revenue (New York           
University Hospitals Center)           
(Prerefunded)  5.25  7/1/17  300,000 b  320,727 
New York State Dormitory           
Authority, State Personal           
Income Tax Revenue (General           
Purpose)  5.25  2/15/21  2,490,000   2,830,433 
New York State Dormitory           
Authority, State Personal           
Income Tax Revenue (General           
Purpose)  5.00  2/15/25  3,925,000   4,746,424 
New York State Dormitory           
Authority, State Personal           
Income Tax Revenue (General           
Purpose)  5.00  3/15/32  4,000,000   4,587,280 
New York State Dormitory           
Authority, State Personal           
Income Tax Revenue (General           
Purpose) (Prerefunded)  5.25  2/15/19  10,000 b  11,443 
Suffolk Tobacco Asset           
Securitization Corporation,           
Tobacco Settlement           
Asset-Backed Bonds  5.38  6/1/28  810,000   792,755 
Triborough Bridge and Tunnel           
Authority, General Revenue           
(MTA Bridges and Tunnels)  5.00  1/1/19  1,500,000   1,693,830 
Triborough Bridge and Tunnel           

 

 

Authority, General Revenue           
(MTA Bridges and Tunnels)  0.48  12/3/19  5,000,000 e  4,942,700 
North Carolina--.9%           
North Carolina,           
Capital Improvement Limited           
Obligation Bonds  5.00  5/1/30  4,000,000   4,632,800 
North Carolina Eastern Municipal           
Power Agency, Power System           
Revenue (Escrowed to Maturity)  5.00  1/1/21  1,200,000   1,392,492 
North Carolina Medical Care           
Commission, Retirement           
Facilities First Mortgage           
Revenue (The United Methodist           
Retirement Homes Project)  5.13  10/1/19  1,250,000   1,252,263 
Ohio--.5%           
Montgomery County,           
Revenue (Miami Valley Hospital)  5.75  11/15/22  2,970,000   3,507,867 
Oregon--.1%           
Port of Portland,           
Revenue (Portland           
International Airport)  5.00  7/1/35  1,000,000   1,142,620 
Pennsylvania--3.0%           
Allegheny County Airport           
Authority, Airport Revenue           
(Pittsburgh International           
Airport) (Insured; FGIC)  5.00  1/1/19  3,395,000   3,778,703 
Chester County Industrial           
Development Authority, Revenue           
(Avon Grove Charter School           
Project)  5.65  12/15/17  265,000   276,533 
Delaware Valley Regional Finance           
Authority, Local Government           
Revenue  5.75  7/1/17  6,830,000   7,400,851 
Montgomery County Higher Education           
and Health Authority, HR           
(Abington Memorial Hospital           
Obligated Group)  5.00  6/1/21  6,585,000   7,529,091 
Pennsylvania Turnpike Commission,           
Turnpike Revenue  5.00  12/1/27  1,800,000   2,075,238 
Philadelphia Authority for           
Industrial Development,           
Revenue (Independence Charter           
School Project)  5.38  9/15/17  1,080,000   1,123,060 
Philadelphia School District,           
GO  5.00  9/1/17  1,160,000   1,248,508 
South Carolina--1.1%           
Piedmont Municipal Power Agency,           
Electric Revenue  5.00  1/1/20  5,000,000   5,720,150 
South Carolina Public Service           
Authority, Revenue Obligations           
(Santee Cooper)  5.00  12/1/25  2,320,000   2,774,534 
Texas--6.4%           

 

 

Austin,           
Electric Utility System Revenue  5.00  11/15/23  1,550,000   1,790,390 
Cypress-Fairbanks Independent           
School District, Unlimited Tax           
School Building Bonds           
(Permanent School Fund           
Guarantee Program)  5.00  2/15/27  5,000,000   5,907,150 
Harris County Metropolitan Transit           
Authority, Sales and Use Tax           
Revenue  5.00  11/1/27  2,500,000   2,906,725 
Harris County-Houston Sports           
Authority, Senior Lien Revenue  5.00  11/15/28  2,500,000   2,849,850 
Harris County-Houston Sports           
Authority, Senior Lien Revenue  5.00  11/15/29  2,325,000   2,638,456 
Houston,           
Airport System Subordinate           
Lien Revenue (Insured; XLCA)  0.40  7/1/32  1,850,000 e  1,720,500 
Houston,           
Combined Utility System First           
Lien Revenue  5.00  11/15/20  2,725,000   3,194,517 
Houston,           
Combined Utility System First           
Lien Revenue  5.00  11/15/29  2,500,000   2,892,575 
North Texas Tollway Authority,           
First Tier System Revenue  6.00  1/1/23  385,000   425,602 
North Texas Tollway Authority,           
First Tier System Revenue           
(Prerefunded)  6.00  1/1/18  2,615,000 b  2,929,009 
North Texas Tollway Authority,           
Second Tier System Revenue  5.00  1/1/31  5,000,000   5,571,450 
San Antonio,           
Municipal Drainage Utility           
System Revenue  5.00  2/1/28  5,000,000   5,795,450 
San Antonio,           
Water System Revenue  5.00  5/15/29  1,355,000   1,550,716 
Texas,           
GO (College Student Loan Bonds)  5.50  8/1/19  3,500,000   4,051,250 
Texas Transportation Commission,           
Central Texas Turnpike System           
Second Tier Revenue  5.00  8/15/31  2,500,000   2,771,925 
Texas Water Development Board,           
State Revolving Fund           
Subordinate Lien Revenue  5.00  7/15/23  2,000,000   2,280,020 
Virginia--.5%           
Virginia College Building           
Authority, Educational           
Facilities Revenue (21st           
Century College and Equipment           
Programs)  5.00  2/1/22  3,000,000   3,520,650 
Washington--3.8%           
Port of Seattle,           
Intermediate Lien Revenue  5.00  8/1/28  2,485,000   2,861,552 

 

 

Port of Seattle,           
Intermediate Lien Revenue  5.00  3/1/34  2,000,000   2,247,980 
Port of Seattle,           
Limited Tax GO  5.75  12/1/25  830,000   982,753 
Port of Tacoma,           
Limited Tax GO (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  12/1/20  3,025,000   3,334,094 
Seattle,           
Drainage and Wastewater           
Improvement Revenue  5.00  9/1/27  5,025,000   5,861,361 
Washington,           
GO (Various Purpose)  5.00  2/1/22  2,500,000   2,889,825 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  7/1/23  5,030,000   6,068,444 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  2/1/24  4,315,000   5,146,198 
West Virginia--.2%           
West Virginia University Board of           
Governors, University           
Improvement Revenue (West           
Virginia University Projects)  5.00  10/1/22  1,475,000   1,737,417 
Wisconsin--.6%           
Wisconsin Health and Educational           
Facilities Authority, Health           
Facilities Revenue (UnityPoint           
Health)  5.00  12/1/28  1,890,000   2,172,933 
Wisconsin Health and Educational           
Facilities Authority, Revenue           
(ProHealth Care, Inc.           
Obligated Group)  5.00  8/15/33  2,250,000   2,484,743 
Total Investments (cost $723,371,305)      99.0 %  763,481,225 
Cash and Receivables (Net)      1.0 %  7,532,189 
Net Assets      100.0 %  771,013,414 

 

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, 2015, this security was 

valued at $1,486,540 or .2% of net assets. 

d Non-income producing--security in default. 

e Variable rate security--interest rate subject to periodic change. 

 

At August 31, 2015, net unrealized appreciation on investments was $40,109,920 of which $43,906,410 related to appreciated investment securities and $3,796,490 related to depreciated investment securities. At August 31, 2015, 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, 2015 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+  -  762,581,165  900,060  763,481,225 

 

+ 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 22, 2015

 

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 22, 2015

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 22, 2015

 

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)