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:

  02/28/17

 

             

 

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS
Dreyfus Intermediate Municipal Bond Fund, Inc.
February 28, 2017 (Unaudited)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1%  Rate (%)  Date  Amount ($)   Value ($) 
Alabama - 2.8%           
Alabama Port Authority,           
Docks Facilities Revenue (Insured;           
National Public Finance Guarantee Corp.)  5.00  10/1/22  3,000,000   3,010,620 
Alabama Public School and College           
Authority,           
Capital Improvement Revenue  5.00  1/1/26  1,500,000   1,774,335 
Birmingham Water Works Board,           
Water Revenue  5.00  1/1/31  3,260,000   3,769,799 
Jefferson County,           
Limited Obligation School Warrants  5.25  1/1/19  2,150,000   2,158,321 
Lower Alabama Gas District,           
Gas Project Revenue  5.00  9/1/31  2,000,000   2,275,380 
University of Alabama Board of Trustees,           
General Revenue (The University of           
Alabama)  5.00  7/1/24  6,025,000   7,012,618 
          20,001,073 
Alaska - .6%           
Alaska Industrial Development and Export           
Authority,           
Revolving Fund Revenue  5.25  4/1/24  3,780,000   4,196,632 
Arizona - 2.3%           
Phoenix Civic Improvement Corporation,           
Junior Lien Wastewater System Revenue  5.00  7/1/28  5,000,000   5,822,600 
Phoenix Civic Improvement Corporation,           
Junior Lien Water System Revenue  5.00  7/1/23  5,000,000   5,964,750 
Salt River Project Agricultural Improvement           
and Power District,           
Salt River Project Electric System           
Revenue  5.00  12/1/27  4,500,000   5,198,895 
          16,986,245 
Arkansas - .7%           
University of Arkansas Board of Trustees,           
Various Facility Revenue (Fayetteville           
Campus)  5.00  11/1/35  2,685,000   3,023,149 
University of Arkansas Board of Trustees,           
Various Facility Revenue (Fayetteville           
Campus)  5.00  11/1/36  1,585,000   1,783,458 
          4,806,607 
California - 9.5%           
Arcadia Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  8/1/20  1,635,000 a  1,400,672 
Bay Area Toll Authority,           
San Francisco Bay Area Subordinate Lien           
Toll Bridge Revenue  5.00  4/1/27  1,750,000   2,030,613 
Bay Area Toll Authority,           
San Francisco Bay Area Toll Bridge           
Revenue  5.00  4/1/22  3,500,000   4,090,415 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
California - 9.5% (continued)           
California,           
GO (Various Purpose)  5.25  3/1/22  1,250,000   1,402,038 
California,           
GO (Various Purpose)  5.00  9/1/23  2,500,000   2,930,625 
California,           
GO (Various Purpose)  5.63  4/1/25  3,500,000   3,832,325 
California,           
GO (Various Purpose)  5.00  8/1/28  2,500,000   2,974,450 
California,           
GO (Various Purpose)  5.00  8/1/29  2,000,000   2,362,100 
California,           
GO (Various Purpose)  5.00  8/1/30  3,500,000   4,117,540 
California Housing Finance Agency,           
Home Mortgage Revenue (Insured; FGIC)  4.40  8/1/18  3,310,000   3,315,097 
California State Public Works Board,           
LR (Judicial Council of California)           
(Various Judicial Council Projects)  5.00  3/1/26  1,500,000   1,728,660 
California State Public Works Board,           
LR (Various Capital Projects)  5.00  12/1/26  4,355,000   5,144,126 
California State University Trustees,           
Systemwide Revenue  5.00  11/1/22  5,000,000   5,766,700 
California Statewide Communities           
Development Authority,           
Revenue (Loma Linda University Medical           
Center)  5.00  12/1/31  1,000,000 b  1,067,900 
Clovis Unified School District,           
GO (Insured; National Public Finance           
Guarantee Corp.)  0.00  8/1/22  10,415,000 a  9,316,217 
Coast Community College District,           
GO (Insured; National Public Finance           
Guarantee Corp.)  0.00  8/1/20  1,855,000 a  1,755,813 
Orange County Transportation Authority,           
Senior Lien Toll Road Revenue (91           
Express Lanes)  5.00  8/15/28  2,500,000   2,888,450 
Sacramento City Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  7/1/23  5,065,000 a  4,337,615 
San Diego County Water Authority,           
Water Revenue  5.00  5/1/28  5,000,000   5,691,900 
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   2,306,720 
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   812,873 
University of California Regents,           
General Revenue  5.25  5/15/23  125,000   127,450 
          69,400,299 
Colorado - 3.7%           
City and County of Denver,           
Airport System Subordinate Revenue  5.50  11/15/26  15,640,000   18,001,014 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Colorado - 3.7% (continued)           
Colorado Health Facilities Authority,           
Revenue (Catholic Health Initiatives)  6.00  10/1/23  5,355,000   5,743,077 
E-470 Public Highway Authority,           
Senior Revenue (Insured; National Public           
Finance Guarantee Corp.)  0.00  9/1/18  3,000,000 a  2,938,770 
          26,682,861 
Connecticut - 1.4%           
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  8/1/26  2,500,000   2,930,500 
Connecticut,           
Special Tax Obligation Revenue           
(Transportation Infrastructure           
Purposes)  5.00  9/1/32  5,500,000   6,294,200 
Connecticut Health and Educational           
Facilities Authority,           
Revenue (Wesleyan University Issue)           
(Prerefunded)  5.00  7/1/20  1,000,000 c  1,123,390 
          10,348,090 
District of Columbia - 2.1%           
District of Columbia Water and Sewer           
Authority,           
Public Utility Subordinate Lien Revenue  5.00  10/1/27  5,980,000   6,793,938 
Metropolitan Washington Airports           
Authority,           
Airport System Revenue  5.00  10/1/25  3,000,000   3,459,510 
Metropolitan Washington Airports           
Authority,           
Airport System Revenue  5.00  10/1/35  1,000,000   1,124,760 
Washington Metropolitan Area Transit           
Authority,           
Gross Revenue Transit Bonds  5.25  7/1/23  3,725,000   4,041,588 
          15,419,796 
Florida - 8.2%           
Broward County,           
Airport System Revenue  5.00  10/1/22  3,605,000   4,137,386 
Broward County,           
Port Facilities Revenue  5.00  9/1/21  4,340,000   4,901,813 
Citizens Property Insurance Corporation,           
Coastal Account Senior Secured Revenue  5.00  6/1/25  16,000,000   18,775,840 
Citizens Property Insurance Corporation,           
Personal Lines Account/Commercial           
Lines Account Senior Secured Revenue  5.00  6/1/21  5,000,000   5,691,050 
Collier County School Board,           
COP (Master Lease Program Agreement)           
(Insured; Assured Guaranty Municipal           
Corp.)  5.25  2/15/20  3,500,000   3,881,780 
Collier County School Board,           
COP (Master Lease Program Agreement)           
(Insured; Assured Guaranty Municipal           
Corp.)  5.25  2/15/22  2,000,000   2,319,160 
Florida Municipal Power Agency,           
All-Requirements Power Supply Project           
Revenue  5.00  10/1/24  1,480,000   1,745,290 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Florida - 8.2% (continued)           
Florida Municipal Power Agency,           
All-Requirements Power Supply Project           
Revenue  5.00  10/1/30  1,250,000   1,434,500 
Hillsborough County,           
GO (Unincorporated Area Parks and           
Recreation Program) (Insured; National           
Public Finance Guarantee Corp.)  5.00  7/1/22  1,155,000   1,345,945 
Hillsborough County,           
Solid Waste and Resource Recovery           
Revenue  5.00  9/1/26  1,260,000   1,475,069 
Jacksonville Economic Development           
Commission,           
Health Care Facilities Revenue (Florida           
Proton Therapy Institute Project)  6.00  9/1/17  530,000 b  540,531 
Lee County,           
Transportation Facilities Revenue           
(Insured; Assured Guaranty Municipal           
Corp.)  5.00  10/1/24  2,500,000   2,946,225 
Miami Beach Redevelopment Agency,           
Tax Increment Revenue (City           
Center/Historic Convention Village)  5.00  2/1/34  2,000,000   2,236,460 
Miami-Dade County,           
Seaport Revenue  5.75  10/1/28  1,500,000   1,769,070 
Miami-Dade County,           
Subordinate Special Obligation Revenue  5.00  10/1/26  1,000,000   1,140,470 
Orange County,           
Tourist Development Tax Revenue  5.00  10/1/32  3,275,000   3,784,852 
Palm Bay,           
Educational Facilities Revenue (Patriot           
Charter School Project)  6.75  7/1/22  3,000,000 d  1,199,730 
          59,325,171 
Georgia - 2.0%           
Atlanta,           
Water and Wastewater Revenue  5.00  11/1/31  2,000,000   2,322,600 
Atlanta Development Authority,           
Senior Lien Revenue (New Downtown           
Atlanta Stadium Project)  5.00  7/1/27  1,000,000   1,173,190 
DeKalb County,           
Water and Sewerage Revenue  5.25  10/1/25  4,000,000   4,905,480 
Main Street Natural Gas, Inc.,           
Gas Project Revenue (Guaranty           
Agreement; Merrill Lynch and Co., Inc.)  5.50  9/15/28  2,530,000   3,017,835 
Municipal Electric Authority of Georgia,           
Project One Subordinated Bonds  5.00  1/1/28  2,500,000   2,947,000 
          14,366,105 
Illinois - 11.1%           
Chicago,           
Customer Facility Charge Senior Lien           
Revenue (Chicago O'Hare International           
Airport)  5.50  1/1/26  3,300,000   3,786,519 
Chicago,           
General Airport Senior Lien Revenue           
(Chicago O'Hare International Airport)  5.00  1/1/23  3,530,000   4,000,620 
Chicago,           
General Airport Senior Lien Revenue           
(Chicago O'Hare International Airport)  5.00  1/1/29  4,000,000   4,416,840 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
99.1% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Illinois - 11.1% (continued)         
Chicago,         
General Airport Senior Lien Revenue         
(Chicago O'Hare International Airport)  5.00  1/1/35  3,000,000  3,349,200 
Chicago,         
Second Lien Water Revenue  5.00  11/1/25  1,200,000  1,361,940 
Chicago,         
Second Lien Water Revenue  5.00  11/1/27  2,000,000  2,249,840 
Chicago Park District,         
Limited Tax GO  5.00  1/1/28  1,000,000  1,100,100 
Chicago Park District,         
Limited Tax GO  5.00  1/1/30  2,060,000  2,243,855 
Cook County Community High School         
District Number 219,         
GO (Insured; Assured Guaranty         
Municipal Corp.)  5.00  12/1/24  2,020,000  2,078,095 
Greater Chicago Metropolitan Water         
Reclamation District,         
GO  5.00  12/1/31  3,275,000  3,750,825 
Illinois,         
Sales Tax Revenue  5.00  6/15/18  1,700,000  1,787,380 
Illinois Finance Authority,         
Revenue (Advocate Health Care         
Network)  5.00  6/1/28  9,005,000  10,093,524 
Illinois Finance Authority,         
Revenue (OFS Healthcare System)  5.00  11/15/28  1,205,000  1,378,363 
Illinois Finance Authority,         
Revenue (Rush University Medical         
Center Obligated Group)  5.00  11/15/33  2,140,000  2,348,094 
Illinois Toll Highway Authority,         
Toll Highway Senior Revenue  5.00  1/1/25  5,000,000  5,502,600 
Metropolitan Pier and Exposition Authority,         
Revenue (McCormick Place Expansion         
Project)  5.00  12/15/28  5,000,000  5,232,250 
Metropolitan Pier and Exposition Authority,         
Revenue (McCormick Place Expansion         
Project) (Insured; National Public         
Finance Guarantee Corp.)  5.55  6/15/21  1,665,000  1,704,261 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.00  6/1/18  2,290,000  2,398,363 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.25  6/1/21  3,300,000  3,760,713 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  5.50  6/1/23  2,750,000  3,108,242 
Railsplitter Tobacco Settlement Authority,         
Tobacco Settlement Revenue  6.00  6/1/28  2,385,000  2,713,391 
University of Illinois Board of Trustees,         
Auxiliary Facilities System Revenue         
(University of Illinois)  5.00  4/1/26  7,595,000  8,486,349 
University of Illinois Board of Trustees,         
Auxiliary Facilities System Revenue         
(University of Illinois)  5.00  4/1/32  3,655,000  4,013,409 
        80,864,773 
Indiana - 2.0%         
Indiana Finance Authority,         
Educational Facilities Revenue (Butler         
University Project)  5.00  2/1/30  1,400,000  1,521,100 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
99.1% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Indiana - 2.0% (continued)         
Indiana Finance Authority,         
First Lien Wastewater Utility Revenue         
(CWA Authority Project)  5.25  10/1/23  2,500,000  2,893,975 
Indiana Municipal Power Agency,         
Power Supply System Revenue  5.00  1/1/36  3,000,000  3,358,350 
Indianapolis,         
Gas Utility Distribution System Second         
Lien Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.00  8/15/23  3,500,000  3,896,795 
Richmond Hospital Authority,         
Revenue (Reid Hospital Project)  5.00  1/1/28  2,440,000  2,694,272 
        14,364,492 
Iowa - .7%         
Iowa Finance Authority,         
Health Facilities Revenue (UnityPoint         
Health)  5.00  8/15/32  2,280,000  2,578,612 
Iowa Finance Authority,         
State Revolving Fund Revenue  5.00  8/1/24  2,000,000  2,295,520 
        4,874,132 
Kentucky - 1.2%         
Ashland,         
Medical Center Revenue (King's         
Daughters Medical Center Project)  5.00  2/1/40  1,000,000  1,053,670 
Kentucky Public Transportation         
Infrastructure Authority,         
Subordinate Toll Revenue, BAN         
(Downtown Crossing Project)  5.00  7/1/17  5,250,000  5,312,790 
Pikeville,         
Hospital Improvement Revenue         
(Pikeville Medical Center, Inc. Project)  6.25  3/1/23  2,195,000  2,504,890 
        8,871,350 
Louisiana - 2.4%         
Tobacco Settlement Financing Corporation         
of Louisiana,         
Tobacco Settlement Asset-Backed Bonds  5.00  5/15/27  17,500,000  17,650,150 
Maryland - 1.1%         
Maryland Economic Development         
Corporation,         
EDR (Transportation Facilities Project)  5.38  6/1/25  1,500,000  1,616,985 
Maryland Economic Development         
Corporation,         
Private Activity Revenue (Purple Line         
Light Rail Project) (Green Bonds)  5.00  3/31/24  1,000,000  1,117,490 
Maryland Health and Higher Educational         
Facilities Authority,         
Revenue (Peninsula Regional Medical         
Center Issue)  5.00  7/1/31  1,740,000  1,947,043 
Maryland Health and Higher Educational         
Facilities Authority,         
Revenue (The Johns Hopkins Health         
System Obligated Group Issue)  5.00  7/1/24  1,155,000  1,319,622 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
99.1% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Maryland - 1.1% (continued)         
Maryland Stadium Authority,         
Baltimore City Public Schools         
Construction and Revitalization Program         
Revenue  5.00  5/1/22  1,500,000  1,749,630 
        7,750,770 
Massachusetts - 4.8%         
Massachusetts,         
Federal Highway GAN (Accelerated         
Bridge Program)  5.00  6/15/23  3,250,000  3,786,802 
Massachusetts,         
Federal Highway GAN (Accelerated         
Bridge Program)  5.00  6/15/26  2,500,000  3,004,675 
Massachusetts College Building Authority,         
Revenue  5.00  5/1/27  1,800,000  2,063,250 
Massachusetts Development Finance         
Agency,         
Revenue (Bentley University Issue)  5.00  7/1/23  2,550,000  2,786,946 
Massachusetts Development Finance         
Agency,         
Revenue (Partners HealthCare System         
Issue)  5.00  7/1/25  1,000,000  1,133,280 
Massachusetts Development Finance         
Agency,         
Revenue (Partners HealthCare System         
Issue)  5.00  7/1/34  2,630,000  2,955,305 
Massachusetts Development Finance         
Agency,         
Revenue (Tufts Medical Center Issue)  5.50  1/1/22  2,990,000  3,360,880 
Massachusetts Educational Financing         
Authority,         
Education Loan Revenue (Issue K)  5.00  7/1/22  6,645,000  7,419,674 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue  5.00  8/15/24  5,000,000  5,820,350 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue  5.00  8/15/28  2,000,000  2,312,900 
        34,644,062 
Michigan - 3.8%         
Detroit,         
Sewage Disposal System Senior Lien         
Revenue (Insured; Assured Guaranty         
Municipal Corp.)  5.25  7/1/19  1,635,000  1,776,722 
Detroit School District,         
School Building and Site Improvement         
Bonds (GO - Unlimited Tax) (Insured;         
FGIC)  6.00  5/1/19  2,965,000  3,250,085 
Great Lakes Water Authority,         
Water Supply System Second Lien         
Revenue  5.00  7/1/36  5,000,000  5,431,000 
Michigan Finance Authority,         
HR (Beaumont Health Credit Group)  5.00  8/1/25  3,180,000  3,690,326 
Michigan Finance Authority,         
HR (Oakwood Obligated Group)  5.00  8/15/30  3,870,000  4,251,892 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
99.1% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Michigan - 3.8% (continued)         
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  1,132,990 
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  5,784,400 
Wayne County Airport Authority,         
Airport Revenue (Detroit Metropolitan         
Wayne County Airport)  5.00  12/1/18  2,500,000  2,648,225 
        27,965,640 
Minnesota - .2%         
Western Minnesota Municipal Power         
Agency,         
Power Supply Revenue  5.00  1/1/24  1,000,000  1,183,890 
Missouri - 2.9%         
Kansas City,         
General Improvement Airport Revenue  5.00  9/1/19  4,000,000  4,339,880 
Missouri Development Finance Board,         
Infrastructure Facilities Revenue         
(Branson Landing Project)  5.00  6/1/28  1,495,000  1,650,465 
Missouri Development Finance Board,         
Infrastructure Facilities Revenue         
(Branson Landing Project)  5.00  6/1/30  2,425,000  2,655,908 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue (CoxHealth)  5.00  11/15/35  3,705,000  4,101,509 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue (Saint Luke's         
Health System, Inc.)  5.00  11/15/26  1,000,000  1,173,110 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue (Saint Luke's         
Health System, Inc.)  5.00  11/15/28  1,300,000  1,504,217 
Missouri Joint Municipal Electric Utility         
Commission,         
Power Project Revenue (Iatan 2 Project)  5.00  1/1/32  1,550,000  1,730,234 
Missouri Joint Municipal Electric Utility         
Commission,         
Power Project Revenue (Prairie State         
Project)  5.00  12/1/30  3,270,000  3,724,988 
        20,880,311 
Nebraska - 1.4%         
Public Power Generation Agency,         
Revenue (Whelan Energy Center Unit 2)  5.00  1/1/29  4,750,000  5,380,847 
Public Power Generation Agency of         
Nebraska,         
Revenue (Whelan Energy Center Unit 2)  5.00  1/1/30  2,250,000  2,535,480 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Nebraska - 1.4% (continued)           
Public Power Generation Agency of           
Nebraska,           
Revenue (Whelan Energy Center Unit 2)  5.00  1/1/38  2,000,000   2,223,720 
          10,140,047 
Nevada - 1.5%           
Clark County,           
Airport System Revenue  5.00  7/1/22  3,300,000   3,630,726 
Director of the State of Nevada Department           
of Business and Industry,           
SWDR (Republic Services, Inc. Project)  5.63  6/1/18  5,000,000   5,177,700 
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   2,432,619 
          11,241,045 
New Jersey - 2.2%           
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.00  3/1/28  2,250,000   2,321,190 
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.25  6/15/29  1,400,000   1,467,816 
New Jersey Economic Development           
Authority,           
School Facilities Construction Revenue  5.25  6/15/31  4,000,000   4,160,560 
Rutgers The State University,           
GO  5.00  5/1/29  6,840,000   7,800,062 
          15,749,628 
New Mexico - .3%           
New Mexico Municipal Energy Acquisition           
Authority,           
Gas Supply Revenue (SBPA; Royal Bank           
of Canada)  1.17  2/1/19  2,500,000 e  2,489,900 
New York - 6.6%           
Metropolitan Transportation Authority,           
Transportation Revenue  5.00  11/15/30  5,000,000   5,852,000 
New York City,           
GO  5.00  3/1/25  3,300,000   3,895,617 
New York City,           
GO  5.00  8/1/28  5,000,000   5,705,750 
New York City Health and Hospitals           
Corporation,           
Health System Revenue  5.00  2/15/22  4,385,000   4,836,874 
New York City Industrial Development           
Agency,           
Senior Airport Facilities Revenue           
(Transportation Infrastructure           
Properties, LLC Obligated Group)  5.00  7/1/20  3,035,000   3,249,999 
New York City Transitional Finance           
Authority,           
Future Tax Secured Subordinate           
Revenue  5.00  5/1/28  4,400,000   5,113,152 
New York Liberty Development Corporation,           
Revenue (Goldman Sachs Headquarters           
Issue)  5.25  10/1/35  2,000,000   2,395,960 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
New York - 6.6% (continued)           
New York State Dormitory Authority,           
Revenue (New York University Hospitals           
Center) (Prerefunded)  5.25  7/1/17  100,000 c  101,591 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose)  5.00  2/15/25  3,925,000   4,691,866 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose)  5.00  3/15/32  4,000,000   4,614,480 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
(General Purpose) (Prerefunded)  5.25  2/15/19  10,000 c  10,826 
New York Transportation Development           
Corporation,           
Special Facility Revenue (American           
Airlines, Inc. John F. Kennedy           
International Airport Project)  5.00  8/1/26  1,000,000   1,053,340 
New York Transportation Development           
Corporation,           
Special Facility Revenue (LaGuardia           
Airport Terminal B Redevelopment           
Project)  5.00  7/1/34  1,000,000   1,086,080 
Suffolk Tobacco Asset Securitization           
Corporation,           
Tobacco Settlement Asset-Backed Bonds  5.38  6/1/28  735,000   737,007 
Triborough Bridge and Tunnel Authority,           
General Revenue (MTA Bridges and           
Tunnels)  0.87  12/3/19  5,000,000 e  4,965,000 
          48,309,542 
North Carolina - 1.2%           
North Carolina,           
Capital Improvement Limited Obligation           
Bonds  5.00  5/1/30  4,000,000   4,496,560 
North Carolina Eastern Municipal Power           
Agency,           
Power System Revenue (Escrowed to           
Maturity)  5.00  1/1/21  1,200,000   1,347,108 
North Carolina Medical Care Commission,           
Health Care Facilities Revenue (Vidant           
Health)  5.00  6/1/32  2,500,000   2,795,325 
          8,638,993 
Ohio - .5%           
Montgomery County,           
Revenue (Miami Valley Hospital)  5.75  11/15/22  2,970,000   3,369,346 
Oregon - .5%           
Oregon Facilities Authority,           
Revenue (Legacy Health Project)  5.00  6/1/35  2,500,000   2,825,900 
Port of Portland,           
Revenue (Portland International Airport)  5.00  7/1/35  1,000,000   1,135,530 
          3,961,430 
Pennsylvania - 4.8%           
Allegheny County Airport Authority,           
Airport Revenue (Pittsburgh           
International Airport) (Insured; FGIC)  5.00  1/1/19  3,395,000   3,613,808 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal   
99.1% (continued)  Rate (%)  Date  Amount ($)  Value ($) 
Pennsylvania - 4.8% (continued)         
Chester County Industrial Development         
Authority,         
Revenue (Avon Grove Charter School         
Project)  5.65  12/15/17  105,000  106,826 
Montgomery County Higher Education and         
Health Authority,         
HR (Abington Memorial Hospital         
Obligated Group)  5.00  6/1/21  6,585,000  7,482,996 
Pennsylvania Higher Educational Facilities         
Authority,         
Health System Revenue (University of         
Pennsylvania Health System)  5.00  8/15/25  1,700,000  2,017,815 
Pennsylvania Turnpike Commission,         
Motor License Fund-Enchanced         
Turnpike Subordinate Special Revenue  5.00  12/1/30  5,000,000  5,718,200 
Pennsylvania Turnpike Commission,         
Turnpike Revenue  5.00  12/1/27  1,800,000  2,047,806 
Pennsylvania Turnpike Commission,         
Turnpike Revenue  5.00  12/1/31  1,650,000  1,880,621 
Pennsylvania Turnpike Commission,         
Turnpike Subordinate Revenue  5.00  6/1/28  3,250,000  3,711,207 
Philadelphia Authority for Industrial         
Development,         
Revenue (Independence Charter School         
Project)  5.38  9/15/17  380,000  384,545 
Philadelphia School District,         
GO  5.00  9/1/17  1,160,000  1,178,943 
Philadelphia School District,         
GO  5.00  9/1/21  3,555,000  3,842,351 
Philadelphia School District,         
GO  5.00  9/1/30  2,500,000  2,752,550 
        34,737,668 
South Carolina - .9%         
Piedmont Municipal Power Agency,         
Electric Revenue  5.00  1/1/20  3,500,000  3,850,770 
South Carolina Public Service Authority,         
Revenue Obligations (Santee Cooper)  5.00  12/1/25  2,320,000  2,715,490 
        6,566,260 
Tennessee - .2%         
Tennessee Energy Acquisition Corporation,         
Gas Project Revenue  5.25  9/1/26  1,505,000  1,764,296 
Texas - 7.7%         
Austin,         
Electric Utility System Revenue  5.00  11/15/23  1,550,000  1,736,062 
Central Texas Regional Mobility Authority,         
Senior Lien Revenue  5.00  1/1/32  1,350,000  1,489,172 
Cypress-Fairbanks Independent School         
District,         
Unlimited Tax School Building Bonds         
(Permanent School Fund Guarantee         
Program)  5.00  2/15/27  5,000,000  5,851,400 
Dallas and Fort Worth,         
Joint Revenue (Dallas-Fort Worth         
International Airport)  5.00  11/1/22  4,000,000  4,590,080 
Harris County,         
Tax Road GO  5.00  10/1/27  2,500,000  2,985,825 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Texas - 7.7% (continued)           
Harris County Metropolitan Transit           
Authority,           
Sales and Use Tax Revenue           
(Prerefunded)  5.00  11/1/21  2,500,000 c  2,900,475 
Harris County-Houston Sports Authority,           
Senior Lien Revenue  5.00  11/15/28  2,500,000   2,889,900 
Harris County-Houston Sports Authority,           
Senior Lien Revenue  5.00  11/15/29  2,325,000   2,665,194 
Houston,           
Airport System Subordinate Lien           
Revenue (Insured; XLCA)  1.56  7/1/32  1,800,000 e  1,674,000 
Houston,           
Combined Utility System First Lien           
Revenue  5.00  11/15/20  1,725,000   1,952,631 
Houston,           
Combined Utility System First Lien           
Revenue  5.00  11/15/29  2,500,000   2,846,600 
Love Field Airport Modernization           
Corporation,           
General Airport Revenue  5.00  11/1/24  1,000,000   1,168,360 
North Texas Tollway Authority,           
Second Tier System Revenue  5.00  1/1/31  5,000,000   5,679,000 
Plano Independent School District,           
Unlimited Tax Bonds (Permanent School           
Fund Guarantee Program)  5.00  2/15/26  3,000,000   3,633,810 
San Antonio,           
Municipal Drainage Utility System           
Revenue  5.00  2/1/28  5,000,000   5,727,250 
San Antonio,           
Water System Revenue  5.00  5/15/29  1,355,000   1,499,267 
Tarrant County Cultural Education Facilities           
Finance Corporation,           
HR (Baylor Scott and White Health           
Project)  5.00  11/15/31  1,400,000   1,597,246 
Texas Transportation Commission,           
Central Texas Turnpike System Second           
Tier Revenue  5.00  8/15/31  2,500,000   2,763,425 
Texas Water Development Board,           
State Revolving Fund Subordinate Lien           
Revenue  5.00  7/15/23  2,000,000   2,176,080 
          55,825,777 
Utah - .4%           
Utah Transit Authority,           
Subordinated Sales Tax Revenue  5.00  6/15/35  2,645,000   2,973,006 
Virginia - 1.1%           
Richmond,           
Public Utility Revenue  5.00  1/15/31  4,095,000   4,812,935 
Virginia College Building Authority,           
Educational Facilities Revenue (21st           
Century College and Equipment           
Programs)  5.00  2/1/22  3,000,000   3,405,990 
          8,218,925 

 

 

Long-Term Municipal Investments -  Coupon  Maturity  Principal    
99.1% (continued)  Rate (%)  Date  Amount ($)   Value ($) 
Washington - 4.8%           
Central Puget Sound Regional Transit           
Authority,           
Sales Tax and Motor Vehicle Excise Tax           
Revenue (Green Bonds)  5.00  11/1/31  1,250,000   1,488,613 
King County Public Hospital District Number           
2,           
Limited Tax GO (Valley Medical Center)  5.00  12/1/30  6,930,000   7,777,608 
Port of Seattle,           
Intermediate Lien Revenue  5.00  8/1/28  2,485,000   2,829,645 
Port of Seattle,           
Intermediate Lien Revenue  5.00  3/1/34  2,000,000   2,254,240 
Port of Seattle,           
Limited Tax GO  5.75  12/1/25  830,000   955,222 
Seattle,           
Drainage and Wastewater Improvement           
Revenue  5.00  9/1/27  5,025,000   5,744,429 
Washington,           
GO (Various Purpose)  5.00  2/1/22  2,500,000   2,773,100 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  7/1/23  5,030,000   5,973,980 
Washington,           
Motor Vehicle Fuel Tax GO  5.00  2/1/24  4,315,000   5,053,426 
          34,850,263 
West Virginia - .2%           
West Virginia University Board of           
Governors,           
University Improvement Revenue (West           
Virginia University Projects)  5.00  10/1/22  1,475,000   1,682,975 
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   4,981,005 
Wisconsin Health and Educational Facilities           
Authority,           
Health Facilities Revenue (UnityPoint           
Health)  5.00  12/1/28  1,890,000   2,164,768 
Wisconsin Health and Educational Facilities           
Authority,           
Revenue (ProHealth Care, Inc. Obligated           
Group)  5.00  8/15/33  2,250,000   2,498,063 
          9,643,836 
 
Total Investments (cost $699,436,251)      99.1 %  720,745,386 
Cash and Receivables (Net)      0.9 %  6,299,608 
Net Assets      100.0 %  727,044,994 

 

a Security issued with a zero coupon. Income is recognized through the accretion of discount. 
b 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 February 28, 2017, these securities were valued 
at $1,608,431 or .22% of net assets. 
c 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. 
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.
February 28, 2017 (Unaudited)

The following is a summary of the inputs used as of February 28, 2017 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†  -  719,545,656  1,199,730  720,745,386 
† 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 8/31/2016  1,199,880  
Realized gain (loss)  -  
Change in unrealized appreciation (depreciation)  (150 ) 
Purchases/Issuances  -  
Sales/Dispositions  -  
Transfers into Level 3  -  
Transfers out of Level 3  -  
Balance as of 2/28/2017  1,199,730  
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 2/28/2017  (150 ) 

 

 

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 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 is engaged 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 February 28, 2017, accumulated net unrealized appreciation on investments was $21,309,135, consisting of $28,016,475 gross unrealized appreciation and $6,707,340 gross unrealized depreciation.

At February 28, 2017, 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:    April 13, 2017

 

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:    April 13, 2017

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    April 13, 2017

 

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)