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

811-03721

 

 

 

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 A. 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) 922-6400

 

 

Date of fiscal year end:

 

  05/31

 

Date of reporting period:

  08/31/16

 

             

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

STATEMENT OF INVESTMENTS
Dreyfus Intermediate Municipal Bond Fund, Inc.
August 31, 2016 (Unaudited)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9%  Rate (%)  Date  Amount ($)   Value ($) 
Alabama - 3.1%           
Alabama Port Authority,           
Docks Facilities Revenue (Insured;           
National Public Finance Guarantee           
Corp.)  5.00  10/1/22  3,000,000   3,010,890 
Alabama Public School and College           
Authority,           
Capital Improvement Revenue  5.00  1/1/26  1,500,000   1,904,370 
Birmingham Water Works Board,           
Water Revenue  5.00  1/1/31  3,260,000   4,082,628 
Jefferson County,           
Limited Obligation School Warrants  5.25  1/1/17  3,300,000   3,341,217 
Jefferson County,           
Limited Obligation School Warrants  5.25  1/1/19  2,150,000   2,162,492 
Lower Alabama Gas District,           
Gas Project Revenue  5.00  9/1/31  2,000,000   2,541,560 
University of Alabama Board of Trustees,           
General Revenue (The University of           
Alabama)  5.00  7/1/24  6,025,000   7,333,871 
          24,377,028 
Alaska - .5%           
Alaska Industrial Development and Export           
Authority,           
Revolving Fund Revenue  5.25  4/1/24  3,780,000   4,332,560 
Arizona - 1.9%           
Phoenix Civic Improvement Corporation,           
Junior Lien Wastewater System           
Revenue  5.00  7/1/28  5,000,000   6,196,950 
Pima County,           
Sewer System Revenue Obligations           
(Insured; Assured Guaranty Municipal           
Corp.) (Prerefunded)  5.00  7/1/20  3,250,000 a  3,764,930 
Salt River Project Agricultural           
Improvement and Power District,           
Salt River Project Electric System           
Revenue  5.00  12/1/27  4,500,000   5,362,380 
          15,324,260 
Arkansas - .7%           
University of Arkansas Board of Trustees,           
Various Facility Revenue (Fayetteville           
Campus)  5.00  11/1/35  2,685,000   3,253,039 
University of Arkansas Board of Trustees,           
Various Facility Revenue (Fayetteville           
Campus)  5.00  11/1/36  1,585,000   1,917,676 
          5,170,715 
California - 12.5%           
Arcadia Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  8/1/20  1,635,000 b  1,386,317 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
California - 12.5% (continued)           
Bay Area Toll Authority,           
San Francisco Bay Area Subordinate           
Lien Toll Bridge Revenue  5.00  4/1/27  1,750,000   2,153,235 
Bay Area Toll Authority,           
San Francisco Bay Area Toll Bridge           
Revenue  5.00  4/1/22  3,500,000   4,254,215 
California,           
GO (Various Purpose)  5.25  10/1/20  13,060,000   14,899,501 
California,           
GO (Various Purpose)  5.25  3/1/22  1,250,000   1,446,775 
California,           
GO (Various Purpose)  5.00  9/1/23  2,500,000   3,068,400 
California,           
GO (Various Purpose)  5.63  4/1/25  3,500,000   3,939,565 
California Health Facilities Financing           
Authority,           
Revenue (Sutter Health)  5.25  8/15/22  3,000,000   3,267,180 
California Housing Finance Agency,           
Home Mortgage Revenue (Insured;           
FGIC)  4.40  8/1/18  3,310,000   3,336,348 
California State Public Works Board,           
LR (Judicial Council of California)           
(Various Judicial Council Projects)  5.00  3/1/26  1,500,000   1,834,080 
California State Public Works Board,           
LR (Various Capital Projects)  5.00  12/1/26  4,355,000   5,478,721 
California State University Trustees,           
Systemwide Revenue  5.00  11/1/22  5,000,000   6,004,500 
California Statewide Communities           
Development Authority,           
Revenue (Loma Linda University           
Medical Center)  5.00  12/1/31  1,000,000 c  1,180,920 
Clovis Unified School District,           
GO (Insured; National Public Finance           
Guarantee Corp.)  0.00  8/1/22  10,415,000 b  9,553,367 
Coast Community College District,           
GO (Insured; National Public Finance           
Guarantee Corp.)  0.00  8/1/20  1,855,000 b  1,770,523 
Orange County Transportation Authority,           
Senior Lien Toll Road Revenue (91           
Express Lanes)  5.00  8/15/28  2,500,000   3,063,425 
Sacramento City Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  7/1/23  5,065,000 b  4,472,243 
San Diego County Water Authority,           
Water Revenue  5.00  5/1/28  5,000,000   5,909,700 
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   2,416,920 
San Diego Public Facilities Financing           
Authority,           
Water Revenue (Prerefunded)  5.00  8/1/20  7,560,000 a  8,792,960 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
California - 12.5% (continued)           
Southern California Public Power           
Authority,           
Revenue (Canyon Power Project)           
(Prerefunded)  5.00  1/1/20  5,000,000 a  5,709,750 
Southern California Public Power           
Authority,           
Revenue (Windy Point/Windy Flats           
Project)  5.00  7/1/23  1,850,000   2,134,401 
Tobacco Securitization Authority of           
Southern California,           
Tobacco Settlement Asset-Backed           
Bonds (San Diego County Tobacco Asset           
Securitization Corporation)  4.75  6/1/25  805,000   817,872 
Tuolumne Wind Project Authority,           
Revenue (Tuolumne Company Project)  5.00  1/1/22  2,000,000   2,190,360 
University of California Regents,           
General Revenue  5.25  5/15/23  125,000   130,413 
          99,211,691 
Colorado - 3.5%           
City and County of Denver,           
Airport System Subordinate Revenue  5.50   11/15/26  15,640,000   19,201,697 
Colorado Health Facilities Authority,           
Revenue (Catholic Health Initiatives)  6.00  10/1/23  5,355,000   5,895,962 
E-470 Public Highway Authority,           
Senior Revenue (Insured; National           
Public Finance Guarantee Corp.)  0.00  9/1/18  3,000,000 b  2,915,220 
          28,012,879 
Connecticut - 1.5%           
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  8/1/26  2,500,000   3,175,950 
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  9/1/32  5,500,000   6,750,700 
Connecticut Health and Educational           
Facilities Authority,           
Revenue (Wesleyan University Issue)           
(Prerefunded)  5.00  7/1/20  1,000,000 a  1,159,670 
Connecticut Health and Educational           
Facilities Authority,           
Revenue (Wesleyan University Issue)           
(Prerefunded)  5.00  7/1/20  1,000,000 a  1,159,670 
          12,245,990 
District of Columbia - 2.4%           
District of Columbia,           
Income Tax Secured Revenue  5.00  12/1/25  2,500,000   2,823,600 
District of Columbia Water and Sewer           
Authority,           
Public Utility Subordinate Lien Revenue  5.00  10/1/27  5,980,000   7,289,620 
Metropolitan Washington Airports           
Authority,           
Airport System Revenue  5.00  10/1/25  3,000,000   3,658,560 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
District of Columbia - 2.4% (continued)           
Metropolitan Washington Airports           
Authority,           
Airport System Revenue  5.00  10/1/35  1,000,000   1,216,610 
Washington Metropolitan Area Transit           
Authority,           
Gross Revenue Transit Bonds  5.25  7/1/23  3,725,000   4,156,690 
          19,145,080 
Florida - 7.4%           
Broward County,           
Airport System Revenue  5.00  10/1/22  3,605,000   4,324,882 
Broward County,           
Port Facilities Revenue  5.00  9/1/21  4,340,000   5,071,203 
Citizens Property Insurance Corporation,           
Coastal Account Senior Secured           
Revenue  5.00  6/1/25  16,000,000   19,993,440 
Citizens Property Insurance Corporation,           
Personal Lines Account/Commercial           
Lines Account Senior Secured Revenue  5.00  6/1/21  5,000,000   5,897,000 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/20  3,500,000   3,998,540 
Collier County School Board,           
COP (Master Lease Program           
Agreement) (Insured; Assured           
Guaranty Municipal Corp.)  5.25  2/15/22  2,000,000   2,416,240 
Florida Municipal Power Agency,           
All-Requirements Power Supply Project           
Revenue  5.00  10/1/24  1,480,000   1,858,821 
Florida Municipal Power Agency,           
All-Requirements Power Supply Project           
Revenue  5.00  10/1/30  1,250,000   1,544,838 
Hillsborough County,           
GO (Unincorporated Area Parks and           
Recreation Program) (Insured; National           
Public Finance Guarantee Corp.)  5.00  7/1/22  1,155,000   1,397,215 
Jacksonville Economic Development           
Commission,           
Health Care Facilities Revenue (Florida           
Proton Therapy Institute Project)  6.00  9/1/17  925,000 c  969,289 
Lee County,           
Transportation Facilities Revenue           
(Insured; Assured Guaranty Municipal           
Corp.)  5.00  10/1/24  2,500,000   3,135,600 
Miami Beach Redevelopment Agency,           
Tax Increment Revenue (City           
Center/Historic Convention Village)  5.00  2/1/34  2,000,000   2,385,780 
Miami-Dade County,           
Seaport Revenue  5.75  10/1/28  1,500,000   1,849,680 
Miami-Dade County,           
Subordinate Special Obligation Revenue  5.00  10/1/26  1,000,000   1,205,340 
Orlando Utilities Commission,           
Utility System Revenue  5.00  10/1/23  1,415,000   1,560,420 
Palm Bay,           
Educational Facilities Revenue (Patriot           
Charter School Project)  6.75  7/1/22  3,000,000 d  1,199,880 
          58,808,168 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Georgia - 2.5%           
Atlanta,           
Water and Wastewater Revenue  5.00  11/1/31  2,000,000   2,484,200 
Atlanta,           
Water and Wastewater Revenue           
(Prerefunded)  6.00  11/1/19  3,000,000 a  3,498,240 
Atlanta Development Authority,           
Senior Lien Revenue (New Downtown           
Atlanta Stadium Project)  5.00  7/1/27  1,000,000   1,258,390 
DeKalb County,           
Water and Sewerage Revenue  5.25  10/1/25  4,000,000   5,257,360 
Main Street Natural Gas, Inc.,           
Gas Project Revenue (Guaranty           
Agreement; Merrill Lynch and Co., Inc.)  5.50  9/15/28  2,530,000   3,317,918 
Municipal Electric Authority of Georgia,           
Project One Subordinated Bonds  5.75  1/1/19  730,000   797,591 
Municipal Electric Authority of Georgia,           
Project One Subordinated Bonds  5.00  1/1/28  2,500,000   3,197,225 
          19,810,924 
Illinois - 11.0%           
Chicago,           
Customer Facility Charge Senior Lien           
Revenue (Chicago O'Hare International           
Airport)  5.50  1/1/26  3,300,000   4,007,850 
Chicago,           
General Airport Senior Lien Revenue           
(Chicago O'Hare International Airport)  5.00  1/1/23  3,530,000   4,219,550 
Chicago,           
General Airport Senior Lien Revenue           
(Chicago O'Hare International Airport)  5.00  1/1/29  4,000,000   4,781,160 
Chicago,           
Second Lien Wastewater Transmission           
Revenue Project Bonds  5.00  1/1/26  2,500,000   2,938,275 
Chicago,           
Second Lien Water Revenue  5.00  11/1/25  1,200,000   1,461,924 
Chicago,           
Second Lien Water Revenue  5.00  11/1/27  2,000,000   2,450,700 
Chicago Park District,           
Limited Tax GO  5.00  1/1/28  1,000,000   1,154,930 
Chicago Park District,           
Limited Tax GO  5.00  1/1/30  2,060,000   2,345,310 
Cook County Community High School           
District Number 219,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  5.00  12/1/24  2,020,000   2,120,717 
Greater Chicago Metropolitan Water           
Reclamation District,           
GO  5.00  12/1/31  3,275,000   4,081,632 
Illinois,           
Sales Tax Revenue  5.00  6/15/18  1,700,000   1,827,602 
Illinois Finance Authority,           
Revenue (Advocate Health Care           
Network)  5.00  6/1/28  9,005,000   10,686,954 
Illinois Finance Authority,           
Revenue (OFS Healthcare System)  5.00   11/15/28  1,205,000   1,473,787 
Illinois Finance Authority,           
Revenue (Rush University Medical           
Center Obligated Group)  5.00   11/15/33  2,140,000   2,579,363 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
98.9% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Illinois - 11.0% (continued)         
Illinois Toll Highway Authority,         
Toll Highway Senior Revenue  5.00  1/1/25  5,000,000  5,606,700 
Illinois Toll Highway Authority,         
Toll Highway Senior Revenue  5.00  12/1/32  2,000,000  2,466,320 
Metropolitan Pier and Exposition         
Authority,         
Revenue (McCormick Place Expansion         
Project)  5.00   12/15/28  5,000,000  5,593,150 
Metropolitan Pier and Exposition         
Authority,         
Revenue (McCormick Place Expansion         
Project) (Insured; National Public         
Finance Guarantee Corp.)  5.55  6/15/21  1,665,000  1,741,923 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.00  6/1/18  2,290,000  2,446,682 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.25  6/1/21  3,300,000  3,891,789 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.50  6/1/23  2,750,000  3,232,900 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  6.00  6/1/28  2,385,000  2,856,443 
University of Illinois Board of Trustees,         
Auxiliary Facilities System Revenue         
(University of Illinois)  5.00  4/1/26  7,595,000  8,981,012 
University of Illinois Board of Trustees,         
Auxiliary Facilities System Revenue         
(University of Illinois)  5.00  4/1/32  3,655,000  4,282,563 
        87,229,236 
Indiana - 3.0%         
Indiana Finance Authority,         
Educational Facilities Revenue (Butler         
University Project)  5.00  2/1/30  1,400,000  1,602,132 
Indiana Finance Authority,         
First Lien Wastewater Utility Revenue         
(CWA Authority Project)  5.25  10/1/23  2,500,000  2,984,200 
Indiana Municipal Power Agency,         
Power Supply System Revenue  5.00  1/1/36  3,000,000  3,676,560 
Indianapolis,         
Gas Utility Distribution System Second         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.00  8/15/23  3,500,000  4,025,490 
Indianapolis,         
Thermal Energy System First Lien         
Revenue (Insured; Assured Guaranty         
Municipal Corp.)  5.00  10/1/18  7,700,000  8,334,249 
Richmond Hospital Authority,         
Revenue (Reid Hospital Project)  5.00  1/1/28  2,440,000  2,973,091 
        23,595,722 
Iowa - .7%         
Iowa Finance Authority,         
Health Facilities Revenue (UnityPoint         
Health)  5.00  8/15/32  2,280,000  2,806,976 
Iowa Finance Authority,         
State Revolving Fund Revenue  5.00  8/1/24  2,000,000  2,385,000 
        5,191,976 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
98.9% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Kentucky - 1.1%         
Kentucky Public Transportation         
Infrastructure Authority,         
Subordinate Toll Revenue, BAN         
(Downtown Crossing Project)  5.00  7/1/17  6,250,000  6,455,250 
Pikeville,         
Hospital Improvement Revenue         
(Pikeville Medical Center, Inc. Project)  6.25  3/1/23  2,195,000  2,598,573 
        9,053,823 
Louisiana - 2.6%         
Louisiana State University Board of         
Supervisors and Agricultural and,         
Mechanical College, Auxiliary Revenue  5.00  7/1/25  2,000,000  2,280,640 
Tobacco Settlement Financing Corporation         
of Louisiana,         
Tobacco Settlement Asset-Backed         
Bonds  5.00  5/15/27  17,500,000  18,046,525 
        20,327,165 
Maryland - 1.0%         
Maryland Economic Development         
Corporation,         
EDR (Transportation Facilities Project)  5.38  6/1/25  1,500,000  1,683,990 
Maryland Economic Development         
Corporation,         
Private Activity Revenue (Purple Line         
Light Rail Project) (Green Bonds)  5.00  3/31/24  1,000,000  1,171,370 
Maryland Health and Higher Educational         
Facilities Authority,         
Revenue (Peninsula Regional Medical         
Center Issue)  5.00  7/1/31  1,740,000  2,103,364 
Maryland Health and Higher Educational         
Facilities Authority,         
Revenue (The Johns Hopkins Health         
System Obligated Group Issue)  5.00  7/1/24  1,155,000  1,390,712 
Maryland Stadium Authority,         
Baltimore City Public Schools         
Construction and Revitalization         
Program Revenue  5.00  5/1/22  1,500,000  1,818,705 
        8,168,141 
Massachusetts - 4.6%         
Massachusetts,         
Federal Highway GAN (Accelerated         
Bridge Program)  5.00  6/15/23  3,250,000  3,952,845 
Massachusetts College Building Authority,         
Revenue  5.00  5/1/27  1,800,000  2,159,424 
Massachusetts Development Finance         
Agency,         
Revenue (Bentley University Issue)  5.00  7/1/23  2,550,000  2,871,070 
Massachusetts Development Finance         
Agency,         
Revenue (Partners HealthCare System         
Issue)  5.00  7/1/25  1,000,000  1,185,420 
Massachusetts Development Finance         
Agency,         
Revenue (Partners HealthCare System         
Issue)  5.00  7/1/34  2,630,000  3,264,750 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
98.9% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Massachusetts - 4.6% (continued)         
Massachusetts Development Finance         
Agency,         
Revenue (Tufts Medical Center Issue)  5.50  1/1/22  2,990,000  3,520,874 
Massachusetts Educational Financing         
Authority,         
Education Loan Revenue (Issue K)  5.00  7/1/22  6,645,000  7,634,706 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue  5.00   10/15/23  2,500,000  2,986,400 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue  5.00  8/15/24  5,000,000  6,096,650 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue  5.00  8/15/28  2,000,000  2,432,720 
        36,104,859 
Michigan - 3.6%         
Detroit,         
Sewage Disposal System Senior Lien         
Revenue (Insured; Assured Guaranty         
Municipal Corp.)  5.25  7/1/19  1,635,000  1,824,235 
Detroit School District,         
School Building and Site Improvement         
Bonds (GO - Unlimited Tax) (Insured;         
FGIC)  6.00  5/1/19  2,965,000  3,342,089 
Michigan,         
GO (Environmental Program)  5.00  11/1/19  2,000,000  2,265,020 
Michigan Finance Authority,         
HR (Beaumont Health Credit Group)  5.00  8/1/25  3,180,000  3,945,776 
Michigan Finance Authority,         
HR (Oakwood Obligated Group)  5.00  8/15/30  3,870,000  4,585,834 
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  1,197,250 
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  6,081,800 
Wayne County Airport Authority,         
Airport Revenue (Detroit Metropolitan         
Wayne County Airport)  5.00  12/1/18  2,500,000  2,702,000 
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  2,624,000 
        28,568,004 
Minnesota - .2%         
Western Minnesota Municipal Power         
Agency,         
Power Supply Revenue  5.00  1/1/24  1,000,000  1,250,840 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Missouri - 2.8%           
Kansas City,           
General Improvement Airport Revenue  5.00  9/1/19  4,000,000   4,454,920 
Missouri Development Finance Board,           
Infrastructure Facilities Revenue           
(Branson Landing Project)  5.00  6/1/28  1,495,000   1,747,685 
Missouri Development Finance Board,           
Infrastructure Facilities Revenue           
(Branson Landing Project)  5.00  6/1/30  2,425,000   2,816,613 
Missouri Health and Educational Facilities           
Authority,           
Health Facilities Revenue (CoxHealth)  5.00   11/15/35  3,705,000   4,433,699 
Missouri Health and Educational Facilities           
Authority,           
Health Facilities Revenue (Saint Luke's           
Health System, Inc.)  5.00   11/15/26  1,000,000   1,277,130 
Missouri Health and Educational Facilities           
Authority,           
Health Facilities Revenue (Saint Luke's           
Health System, Inc.)  5.00   11/15/28  1,300,000   1,627,158 
Missouri Joint Municipal Electric Utility           
Commission,           
Power Project Revenue (Iatan 2           
Project)  5.00  1/1/32  1,550,000   1,842,392 
Missouri Joint Municipal Electric Utility           
Commission,           
Power Project Revenue (Prairie State           
Project)  5.00  12/1/30  3,270,000   3,997,935 
          22,197,532 
Nebraska - 1.1%           
Public Power Generation Agency,           
Revenue (Whelan Energy Center Unit           
2)  5.00  1/1/29  4,750,000   5,806,067 
Public Power Generation Agency of           
Nebraska,           
Revenue (Whelan Energy Center Unit           
2)  5.00  1/1/30  2,250,000   2,734,875 
          8,540,942 
Nevada - 1.5%           
Clark County,           
Airport System Revenue  5.00  7/1/22  3,300,000   3,742,101 
Director of the State of Nevada Department           
of Business and Industry,           
SWDR (Republic Services, Inc. Project)  5.63  6/1/18  5,000,000   5,323,500 
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   2,539,467 
          11,605,068 
New Hampshire - .7%           
New Hampshire Business Finance           
Authority,           
PCR (The United Illuminating Company           
Project) (Insured; AMBAC)  1.02  10/1/33  6,000,000 e  5,535,000 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
New Jersey - 2.2%           
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.00  3/1/28  2,250,000   2,529,518 
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.25  6/15/29  1,400,000   1,630,818 
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.25  6/15/31  4,000,000   4,640,320 
Rutgers The State University,           
GO  5.00  5/1/29  6,840,000   8,253,691 
          17,054,347 
New Mexico - .9%           
New Mexico Municipal Energy Acquisition           
Authority,           
Gas Supply Revenue  1.08  8/1/19  5,000,000 e  4,979,400 
New Mexico Municipal Energy Acquisition           
Authority,           
Gas Supply Revenue (SBPA; Royal Bank           
of Canada)  0.98  2/1/19  2,500,000 e  2,493,575 
          7,472,975 
New York - 6.4%           
New York City,           
GO  5.00  8/1/20  2,655,000   3,079,827 
New York City,           
GO  5.00  3/1/25  3,300,000   4,169,022 
New York City,           
GO  5.00  8/1/28  5,000,000   5,957,300 
New York City Health and Hospitals           
Corporation,           
Health System Revenue  5.00  2/15/22  4,385,000   5,005,828 
New York City Industrial Development           
Agency,           
Senior Airport Facilities Revenue           
(Transportation Infrastructure           
Properties, LLC Obligated Group)  5.00  7/1/20  3,035,000   3,378,198 
New York City Transitional Finance           
Authority,           
Future Tax Secured Subordinate           
Revenue  5.00  5/1/28  4,400,000   5,423,704 
New York Liberty Development           
Corporation,           
Revenue (Goldman Sachs Headquarters           
Issue)  5.25  10/1/35  2,000,000   2,752,980 
New York State Dormitory Authority,           
Revenue (New York University           
Hospitals Center) (Prerefunded)  5.25  7/1/17  100,000 a  103,949 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose)  5.25  2/15/21  2,490,000   2,759,792 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose)  5.00  2/15/25  3,925,000   4,992,090 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose)  5.00  3/15/32  4,000,000   4,959,000 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
New York - 6.4% (continued)           
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose) (Prerefunded)  5.25  2/15/19  10,000 a  11,123 
New York Transportation Development           
Corporation,           
Special Facility Revenue (American           
Airlines, Inc. John F. Kennedy           
International Airport Project)  5.00  8/1/31  1,000,000   1,101,820 
New York Transportation Development           
Corporation,           
Special Facility Revenue (LaGuardia           
Airport Terminal B Redevelopment           
Project)  5.00  7/1/34  1,000,000   1,174,490 
Suffolk Tobacco Asset Securitization           
Corporation,           
Tobacco Settlement Asset-Backed           
Bonds  5.38  6/1/28  735,000   764,915 
Triborough Bridge and Tunnel Authority,           
General Revenue (MTA Bridges and           
Tunnels)  0.68  12/3/19  5,000,000 e  4,946,350 
          50,580,388 
North Carolina - .8%           
North Carolina,           
Capital Improvement Limited           
Obligation Bonds  5.00  5/1/30  4,000,000   4,670,040 
North Carolina Eastern Municipal Power           
Agency,           
Power System Revenue (Escrowed to           
Maturity)  5.00  1/1/21  1,200,000   1,385,160 
          6,055,200 
Ohio - .4%           
Montgomery County,           
Revenue (Miami Valley Hospital)  5.75   11/15/22  2,970,000   3,530,795 
Oregon - .2%           
Port of Portland,           
Revenue (Portland International           
Airport)  5.00  7/1/35  1,000,000   1,220,950 
Pennsylvania - 3.5%           
Allegheny County Airport Authority,           
Airport Revenue (Pittsburgh           
International Airport) (Insured; FGIC)  5.00  1/1/19  3,395,000   3,703,266 
Chester County Industrial Development           
Authority,           
Revenue (Avon Grove Charter School           
Project)  5.65   12/15/17  180,000   184,898 
Montgomery County Higher Education and           
Health Authority,           
HR (Abington Memorial Hospital           
Obligated Group)  5.00  6/1/21  6,585,000   7,727,958 
Pennsylvania Higher Educational Facilities           
Authority,           
Health System Revenue (University of           
Pennsylvania Health System)  5.00  8/15/25  1,700,000   2,169,115 
Pennsylvania Turnpike Commission,           
Turnpike Revenue  5.00  12/1/27  1,800,000   2,145,348 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Pennsylvania - 3.5% (continued)           
Pennsylvania Turnpike Commission,           
Turnpike Revenue  5.00  12/1/31  1,650,000   2,022,323 
Pennsylvania Turnpike Commission,           
Turnpike Subordinate Revenue  5.00  6/1/28  3,250,000   3,979,527 
Philadelphia Authority for Industrial           
Development,           
Revenue (Independence Charter School           
Project)  5.38  9/15/17  740,000   754,748 
Philadelphia School District,           
GO  5.00  9/1/17  1,160,000   1,200,786 
Philadelphia School District,           
GO  5.00  9/1/21  3,555,000   3,935,776 
          27,823,745 
South Carolina - 1.1%           
Piedmont Municipal Power Agency,           
Electric Revenue  5.00  1/1/20  5,000,000   5,657,500 
South Carolina Public Service Authority,           
Revenue Obligations (Santee Cooper)  5.00  12/1/25  2,320,000   2,915,915 
          8,573,415 
Tennessee - .2%           
Tennessee Energy Acquisition Corporation,           
Gas Project Revenue  5.25  9/1/26  1,505,000   1,899,596 
Texas - 8.0%           
Austin,           
Electric Utility System Revenue  5.00   11/15/23  1,550,000   1,795,675 
Central Texas Regional Mobility Authority,           
Senior Lien Revenue  5.00  1/1/32  1,350,000   1,627,857 
Cypress-Fairbanks Independent School           
District,           
Unlimited Tax School Building Bonds           
(Permanent School Fund Guarantee           
Program)  5.00  2/15/27  5,000,000   6,227,050 
Dallas and Fort Worth,           
Joint Revenue (Dallas-Fort Worth           
International Airport)  5.00  11/1/22  4,000,000   4,793,720 
Harris County,           
Tax Road GO  5.00  10/1/27  2,500,000   3,197,675 
Harris County Metropolitan Transit           
Authority,           
Sales and Use Tax Revenue           
(Prerefunded)  5.00  11/1/21  2,500,000 a  3,014,625 
Harris County-Houston Sports Authority,           
Senior Lien Revenue  5.00   11/15/28  2,500,000   3,051,950 
Harris County-Houston Sports Authority,           
Senior Lien Revenue  5.00   11/15/29  2,325,000   2,826,084 
Houston,           
Airport System Subordinate Lien           
Revenue (Insured; XLCA)  1.04  7/1/32  1,800,000 e  1,658,250 
Houston,           
Combined Utility System First Lien           
Revenue  5.00   11/15/20  2,725,000   3,185,961 
Houston,           
Combined Utility System First Lien           
Revenue  5.00   11/15/29  2,500,000   2,966,175 
North Texas Tollway Authority,           
First Tier System Revenue  6.00  1/1/23  385,000   409,628 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
98.9% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Texas - 8.0% (continued)         
North Texas Tollway Authority,         
Second Tier System Revenue  5.00  1/1/31  5,000,000  6,064,750 
Plano Independent School District,         
Unlimited Tax Bonds (Permanent         
School Fund Guarantee Program)  5.00  2/15/26  3,000,000  3,907,830 
San Antonio,         
Municipal Drainage Utility System         
Revenue  5.00  2/1/28  5,000,000  6,076,350 
San Antonio,         
Water System Revenue  5.00  5/15/29  1,355,000  1,539,483 
Tarrant County Cultural Education         
Facilities Finance Corporation,         
HR (Baylor Scott and White Health         
Project)  5.00   11/15/31  1,400,000  1,743,630 
Texas,         
GO (College Student Loan Bonds)  5.50  8/1/19  3,500,000  3,973,445 
Texas Transportation Commission,         
Central Texas Turnpike System Second         
Tier Revenue  5.00  8/15/31  2,500,000  2,986,150 
Texas Water Development Board,         
State Revolving Fund Subordinate Lien         
Revenue  5.00  7/15/23  2,000,000  2,236,400 
        63,282,688 
Virginia - .4%         
Virginia College Building Authority,         
Educational Facilities Revenue (21st         
Century College and Equipment         
Programs)  5.00  2/1/22  3,000,000  3,524,250 
Washington - 3.4%         
Port of Seattle,         
Intermediate Lien Revenue  5.00  8/1/28  2,485,000  2,940,227 
Port of Seattle,         
Intermediate Lien Revenue  5.00  3/1/34  2,000,000  2,416,880 
Port of Seattle,         
Limited Tax GO  5.75  12/1/25  830,000  1,001,171 
Seattle,         
Drainage and Wastewater         
Improvement Revenue  5.00  9/1/27  5,025,000  6,009,347 
Washington,         
GO (Various Purpose)  5.00  2/1/22  2,500,000  2,848,925 
Washington,         
Motor Vehicle Fuel Tax GO  5.00  7/1/23  5,030,000  6,259,885 
Washington,         
Motor Vehicle Fuel Tax GO  5.00  2/1/24  4,315,000  5,303,696 
        26,780,131 
West Virginia - .2%         
West Virginia University Board of         
Governors,         
University Improvement Revenue         
(West Virginia University Projects)  5.00  10/1/22  1,475,000  1,753,392 
Wisconsin - 1.3%         
Public Finance Authority of Wisconsin,         
Lease Development Revenue (KU         
Campus Development Corporation -         
Central District Development Project)  5.00  3/1/36  4,500,000  5,362,200 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
98.9% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Wisconsin - 1.3% (continued)           
Wisconsin Health and Educational           
Facilities Authority,           
Health Facilities Revenue (UnityPoint           
Health)  5.00  12/1/28  1,890,000   2,304,723 
Wisconsin Health and Educational           
Facilities Authority,           
Revenue (ProHealth Care, Inc.           
Obligated Group)  5.00  8/15/33  2,250,000   2,672,258 
          10,339,181 
 
Total Investments (cost $724,145,896)      98.9 %  783,698,656 
Cash and Receivables (Net)      1.1 %  8,936,157 
Net Assets      100.0 %  792,634,813 

 

a 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. 
b Security issued with a zero coupon. Income is recognized through the accretion of discount. 
c Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in 
transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2016, these securities were valued 
at $2,150,209 or .27% of net assets. 
d Non-income producing—security in default. 
e Variable rate security—rate shown is the interest rate in effect at period end. 

 

 

STATEMENT OF INVESTMENTS
Dreyfus Intermediate Municipal Bond Fund, Inc.
August 31, 2016 (Unaudited)

The following is a summary of the inputs used as of August 31, 2016 in valuing the fund’s investments:

    Level 2 - Other  Level 3 -   
  Level 1 -  Significant  Significant   
  Unadjusted Quoted  Observable  Unobservable   
  Prices  Inputs  Inputs  Total 
Assets ($)         
Investments in Securities:         
Municipal Bonds†  -  782,498,776  1,199,880  783,698,656 
† See Statement of Investments for additional detailed categorizations.       

 

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

  Municipal Bonds ($) 
Balance as of 5/31/2016  899,970 
Realized gain (loss)  - 
Change in unrealized appreciation (depreciation)  299,910 
Purchases/Issuances  - 
Sales/Dispositions  - 
Transfers into Level 3  - 
Transfers out of Level 3  - 
Balance as of 8/31/2016  1,199,880 
The amount of total gains (losses) for the period   
included in earnings attributable to the change in   
unrealized gains (losses) relating to investments   
still held at 8/31/2016  299,910 

 

 

NOTES

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.

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 Members (the "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

 

NOTES

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 of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by Dreyfus under the general supervision of the Board.

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, 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 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 within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are generally categorized within Level 3 of the fair value hierarchy.

At August 31, 2016, accumulated net unrealized appreciation on investments was $59,552,760, consisting of $61,510,566 gross unrealized appreciation and $1,957,806 gross unrealized depreciation.

At August 31, 2016, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC 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.

 

FORM N-Q

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 14, 2016

 

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 14, 2016

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 14, 2016

 

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)