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 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:

  08/31/18

 
             

 

 

FORM N-Q

Item 1.             Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS
Dreyfus Intermediate Municipal Bond Fund, Inc.
August 31, 2018 (Unaudited)

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2%         
Alabama - 2.8%         
Alabama Public School and College         
Authority,         
Capital Improvement Revenue Bonds  5.00  1/1/26  1,500,000  1,716,825 
Birmingham Water Works Board,         
Water Revenue Bonds  5.00  1/1/31  3,260,000  3,775,895 
Birmingham-Jefferson Civic Center         
Authority,         
Special Tax Revenue Bonds  5.00  7/1/38  2,975,000  3,343,067 
Lower Alabama Gas District,         
Gas Project Revenue Bonds  5.00  9/1/31  2,000,000  2,324,600 
University of Alabama Board of Trustees,         
General Revenue Bonds (The University         
of Alabama)  5.00  7/1/24  6,025,000  6,670,338 
        17,830,725 
Alaska - .6%         
Alaska Industrial Development and         
Export Authority,         
Revolving Fund Revenue Bonds  5.25  4/1/24  3,780,000  3,975,766 
Arizona - 1.2%         
Phoenix Civic Improvement Corporation,         
Junior Lien Wastewater System         
Revenue Bonds  5.00  7/1/28  5,000,000  5,702,300 
Salt River Project Agricultural         
Improvement and Power District,         
Salt River Project Electric System         
Revenue Bonds  5.00  12/1/27  1,500,000  1,637,445 
        7,339,745 
Arkansas - .6%         
Fort Smith City,         
Water & Sewer Utility Revenue Bonds  5.00  10/1/35  1,500,000  1,723,500 
University of Arkansas Board of Trustees,         
Various Facility Revenue Bonds         
(Fayetteville Campus)  5.00  11/1/36  1,585,000  1,793,301 
        3,516,801 
California - 4.5%         
California,         
GO  5.00  8/1/28  1,150,000  1,364,119 
California,         
GO (Various Purpose)  5.00  8/1/30  2,500,000  2,941,850 
California State Public Works Board,         
LR (Various Capital Projects)  5.00  12/1/26  4,355,000  5,084,201 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
California - 4.5% (continued)           
California Statewide Communities           
Development Authority,           
Revenue Bonds (Loma Linda University           
Medical Center)  5.00  12/1/31  1,000,000 a  1,105,150 
Clovis Unified School District,           
GO (Insured; National Public Finance           
Guarantee Corp.)  0.00  8/1/22  7,415,000 b  6,841,969 
Golden State Tobacco Securitization Corp,           
Tobacco Settlement Revenue Bonds  3.50  6/1/36  3,000,000   3,013,890 
Orange County Transportation Authority,           
Senior Lien Toll Road Revenue Bonds           
(91 Express Lanes)  5.00  8/15/28  2,500,000   2,833,750 
Sacramento City Unified School District,           
GO (Insured; Assured Guaranty           
Municipal Corp.)  0.00  7/1/23  5,065,000 b  4,512,408 
Tobacco Securitization Authority of           
Southern California,           
Tobacco Settlement Asset-Backed           
Bonds (San Diego County Tobacco           
Asset Securitization Corporation)  4.75  6/1/25  505,000   507,136 
University of California Regents,           
General Revenue Bonds  5.25  5/15/23  125,000   125,340 
          28,329,813 
Colorado - 4.0%           
City and County of Denver,           
Airport System Subordinate Revenue           
Bonds  5.50  11/15/26  15,640,000   17,919,843 
Colorado Health Facilities Authority,           
Revenue Bonds (Catholic Health           
Initiatives)  6.00  10/1/23  5,355,000   5,370,208 
University of Colorado,           
Enterprise Revenue Bonds, Refunding  5.00  6/1/30  1,750,000   2,107,560 
          25,397,611 
Connecticut - 2.4%           
Connecticut,           
GO  5.00  10/15/25  5,500,000   6,058,580 
Connecticut,           
Special Tax Obligation Revenue Bonds           
(Transportation Infrastructure           
Purposes)  5.00  8/1/26  2,500,000   2,826,350 
Connecticut,           
Special Tax Obligation Revenue Bonds           
(Transportation Infrastructure           
Purposes)  5.00  9/1/32  5,500,000   6,026,240 
          14,911,170 

 

 

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
District of Columbia - 2.2%         
District of Columbia Water and Sewer         
Authority,         
Public Utility Subordinate Lien Revenue         
Bonds  5.00  10/1/27  5,980,000  6,645,933 
Metropolitan Washington Airports         
Authority,         
Airport System Revenue Bonds  5.00  10/1/33  2,500,000  2,891,800 
Metropolitan Washington Airports         
Authority,         
Airport System Revenue Bonds  5.00  10/1/35  1,000,000  1,125,620 
Metropolitan Washington Airports         
Authority,         
Airport System Revenue Bonds  5.00  10/1/25  3,000,000  3,343,050 
        14,006,403 
Florida - 6.8%         
Broward County,         
Airport System Revenue Bonds  5.00  10/1/36  2,000,000  2,262,980 
Broward County,         
Airport System Revenue Bonds  5.00  10/1/22  3,605,000  4,006,453 
Broward County,         
Port Facilities Revenue Bonds  5.00  9/1/21  4,340,000  4,687,026 
Citizens Property Insurance Corporation,         
Coastal Account Senior Secured         
Revenue Bonds  5.00  6/1/25  12,000,000  13,767,360 
Florida Municipal Power Agency,         
All-Requirements Power Supply Project         
Revenue Bonds  5.00  10/1/24  1,480,000  1,705,226 
Florida Municipal Power Agency,         
All-Requirements Power Supply Project         
Revenue Bonds  5.00  10/1/30  1,250,000  1,424,450 
Hillsborough County,         
Solid Waste and Resource Recovery         
Revenue Bonds  5.00  9/1/26  1,260,000  1,454,279 
Lee County,         
Transportation Facilities Revenue         
Bonds (Insured; Assured Guaranty         
Municipal Corp.)  5.00  10/1/24  2,500,000  2,865,200 
Miami Beach Redevelopment Agency,         
Tax Increment Revenue Bonds (City         
Center/Historic Convention Village)  5.00  2/1/34  2,000,000  2,241,620 
Miami-Dade County,         
Seaport Revenue Bonds  5.75  10/1/28  1,500,000  1,709,370 
Miami-Dade County,         
Subordinate Special Obligation         
Revenue Bonds  5.00  10/1/26  1,000,000  1,102,730 
Orange County,         
Tourist Development Tax Revenue         
Bonds  5.00  10/1/32  3,275,000  3,736,382 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
Florida - 6.8% (continued)           
South Miami Health Facilities Authority,           
Revenue Bonds, Refunding (Baptist           
Health South Florida)  5.00  8/15/31  1,750,000   2,015,353 
          42,978,429 
Georgia - 2.9%           
Atlanta,           
Water and Wastewater Revenue Bonds  5.00  11/1/31  2,000,000   2,283,680 
Atlanta Development Authority,           
Senior Lien Revenue Bonds (New           
Downtown Atlanta Stadium Project)  5.00  7/1/27  1,000,000   1,149,790 
DeKalb County,           
Water and Sewerage Revenue Bonds  5.25  10/1/25  4,000,000   4,751,720 
Fulton County Development Authority,           
Hospital Revenue Bonds (Wellstar           
Health Systems)  5.00  4/1/36  1,350,000   1,505,169 
Main Street Natural Gas Incorporated,           
Gas Supply Revenue Bonds, 1 Month           
LIBOR + .75%  2.15  9/1/23  2,500,000 c  2,488,725 
Main Street Natural Gas, Inc.,           
Gas Project Revenue Bonds (Guaranty           
Agreement; Merrill Lynch and Co., Inc.)  5.50  9/15/28  2,530,000   3,011,408 
Municipal Electric Authority of Georgia,           
Project One Subordinated Bonds  5.00  1/1/28  2,500,000   2,823,875 
          18,014,367 
Hawaii - .6%           
Hawaii Airports System,           
Revenue Bonds, Series 2018 A  5.00  7/1/31  1,615,000   1,865,648 
Hawaii Airports System,           
Revenue Bonds, Series 2018 A  5.00  7/1/30  1,500,000   1,742,445 
          3,608,093 
Illinois - 11.7%           
Chicago,           
Customer Facility Charge Senior Lien           
Revenue Bonds (Chicago O'Hare           
International Airport)  5.50  1/1/26  3,300,000   3,695,901 
Chicago,           
General Airport Senior Lien Revenue           
Bonds (Chicago O'Hare International           
Airport)  5.00  1/1/29  4,000,000   4,413,800 
Chicago,           
General Airport Senior Lien Revenue           
Bonds (Chicago O'Hare International           
Airport)  5.00  1/1/23  3,530,000   3,910,675 
Chicago,           
General Airport Senior Lien Revenue           
Bonds (Chicago O'Hare International           
Airport)  5.00  1/1/35  3,000,000   3,343,650 

 

 

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
Illinois - 11.7% (continued)           
Chicago,           
Second Lien Water Revenue Bonds  5.00  11/1/25  1,200,000   1,357,596 
Chicago,           
Second Lien Water Revenue Bonds  5.00  11/1/27  2,000,000   2,270,360 
Chicago Park District,           
Limited Tax GO  5.00  1/1/30  2,060,000   2,241,095 
Chicago Park District,           
Limited Tax GO  5.00  1/1/28  1,000,000   1,097,150 
Cook County,           
GO  5.25  11/15/33  3,500,000   3,671,220 
Greater Chicago Metropolitan Water           
Reclamation District,           
GO  5.00  12/1/31  3,275,000   3,708,937 
Illinois Finance Authority,           
Revenue Bonds (Advocate Health Care           
Network)  5.00  6/1/28  9,005,000   9,962,412 
Illinois Finance Authority,           
Revenue Bonds (OFS Healthcare           
System)  5.00  11/15/28  1,205,000   1,349,106 
Illinois Finance Authority,           
Revenue Bonds (Rush University           
Medical Center Obligated Group)  5.00  11/15/33  2,140,000   2,375,807 
Illinois Toll Highway Authority,           
Toll Highway Senior Revenue Bonds  5.00  1/1/25  5,000,000   5,204,650 
Metropolitan Pier and Exposition           
Authority,           
Revenue Bonds (McCormick Place           
Expansion Project)  5.00  12/15/28  5,000,000   5,253,950 
Metropolitan Pier and Exposition           
Authority,           
Tax Revenue Bonds, Refunding           
(McCormick Place Expansion Project)           
(Insured; National Public Finance           
Guarantee Corp.)  5.55  6/15/21  1,000,000 d  1,007,140 
Railsplitter Tobacco Settlement           
Authority,           
Revenue Bonds  5.00  6/1/28  2,470,000   2,801,499 
Railsplitter Tobacco Settlement           
Authority,           
Tobacco Settlement Revenue Bonds  5.25  6/1/21  3,300,000   3,562,350 
University of Illinois Board of Trustees,           
Auxiliary Facilities System Revenue           
Bonds (University of Illinois)  5.00  4/1/26  7,595,000   8,293,588 
University of Illinois Board of Trustees,           
Auxiliary Facilities System Revenue           
Bonds (University of Illinois)  5.00  4/1/32  3,655,000   3,986,289 
          73,507,175 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
Indiana - 2.4%         
Indiana Finance Authority,         
Educational Facilities Revenue Bonds         
(Butler University Project)  5.00  2/1/30  1,400,000  1,509,746 
Indiana Finance Authority,         
First Lien Wastewater Utility Revenue         
Bonds (CWA Authority Project)  5.25  10/1/23  2,500,000  2,751,100 
Indiana Municipal Power Agency,         
Power Supply System Revenue Bonds  5.00  1/1/36  3,000,000  3,406,500 
Richmond Hospital Authority,         
Revenue Bonds (Reid Hospital Project)  5.00  1/1/28  2,440,000  2,711,596 
Whiting Environmental Facilities,         
Revenue Bonds (BP Products North         
America Inc. Project)  5.00  11/1/24  4,000,000  4,594,200 
        14,973,142 
Iowa - .4%         
Iowa Finance Authority,         
Health Facilities Revenue Bonds         
(UnityPoint Health)  5.00  8/15/32  2,280,000  2,551,502 
Kentucky - 1.4%         
Kentucky Public Energy Authority,         
Gas Supply Revenue Bonds  4.00  4/1/24  6,000,000  6,372,180 
Pikeville,         
Hospital Improvement Revenue Bonds         
(Pikeville Medical Center, Inc. Project)  6.25  3/1/23  2,195,000  2,387,984 
        8,760,164 
Maryland - 1.0%         
Maryland Economic Development         
Corporation,         
Private Activity Revenue Bonds (Purple         
Line Light Rail Project) (Green Bonds)  5.00  3/31/24  1,000,000  1,076,250 
Maryland Health and Higher Educational         
Facilities Authority,         
Revenue Bonds (Peninsula Regional         
Medical Center Issue)  5.00  7/1/31  1,740,000  1,931,435 
Maryland Stadium Authority,         
Revenue Bonds (Construction &         
Revitalization Program)  5.00  5/1/37  3,090,000  3,559,834 
        6,567,519 
Massachusetts - 4.1%         
Massachusetts,         
Federal Highway GAN (Accelerated         
Bridge Program)  5.00  6/15/26  2,500,000  2,923,000 
Massachusetts Development Finance         
Agency,         
Revenue Bonds (Partners HealthCare         
System Issue)  5.00  7/1/25  1,000,000  1,081,040 

 

 

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
Massachusetts - 4.1% (continued)         
Massachusetts Development Finance         
Agency,         
Revenue Bonds (Partners HealthCare         
System Issue)  5.00  7/1/34  2,630,000  3,004,065 
Massachusetts Development Finance         
Agency,         
Revenue Bonds, Refunding (Tufts         
Medical Center Issue)  5.50  1/1/22  1,200,000  1,290,828 
Massachusetts Educational Financing         
Authority,         
Education Loan Revenue Bonds (Issue         
K)  5.00  7/1/22  6,645,000  7,264,513 
Massachusetts Port Authority,         
Revenue Bonds, Refunding  5.00  7/1/23  2,000,000  2,252,880 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue         
Bonds  5.00  8/15/28  2,000,000  2,208,840 
Massachusetts School Building Authority,         
Senior Dedicated Sales Tax Revenue         
Bonds  5.00  8/15/24  5,000,000  5,570,200 
        25,595,366 
Michigan - 4.3%         
Detroit,         
Sewage Disposal System Senior Lien         
Revenue Bonds (Insured; Assured         
Guaranty Municipal Corp.)  5.25  7/1/19  1,635,000  1,677,804 
Great Lakes Water Authority,         
Water Supply System Second Lien         
Revenue Bonds  5.00  7/1/36  5,000,000  5,519,900 
Michigan Finance Authority,         
Hospital Revenue Bonds, Refunding         
(Trinity Health Credit Group)  5.00  12/1/34  2,000,000  2,294,500 
Michigan Finance Authority,         
HR (Beaumont Health Credit Group)  5.00  8/1/25  3,180,000  3,638,302 
Michigan Finance Authority,         
HR (Oakwood Obligated Group)  5.00  8/15/30  3,870,000  4,277,472 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue Bonds (Detroit Water and         
Sewerage Department, Sewage Disposal         
System Revenue Bonds Senior Lien         
Local Project Bonds) (Insured; Assured         
Guaranty Municipal Corp.)  5.00  7/1/30  1,000,000  1,116,260 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue Bonds (Detroit Water and         
Sewerage Department, Water Supply         
System Revenue Bonds Senior Lien         
Local Project Bonds) (Insured; Assured         
Guaranty Municipal Corp.)  5.00  7/1/23  5,000,000  5,612,700 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
Michigan - 4.3% (continued)         
Michigan State Hospital Finance         
Authority,         
Revenue Bonds (Ascension Health         
Senior Credit Group)  4.00  6/1/23  2,500,000  2,683,900 
        26,820,838 
Minnesota - .2%         
Western Minnesota Municipal Power         
Agency,         
Power Supply Revenue Bonds  5.00  1/1/24  1,000,000  1,139,870 
Missouri - 2.6%         
Missouri Development Finance Board,         
Infrastructure Facilities Revenue Bonds         
(Branson Landing Project)  5.00  6/1/28  1,495,000  1,654,651 
Missouri Development Finance Board,         
Infrastructure Facilities Revenue Bonds         
(Branson Landing Project)  5.00  6/1/30  2,425,000  2,671,453 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue Bonds         
(CoxHealth)  5.00  11/15/35  3,705,000  4,087,801 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue Bonds (Saint         
Luke's Health System, Inc.)  5.00  11/15/26  1,000,000  1,159,550 
Missouri Health and Educational Facilities         
Authority,         
Health Facilities Revenue Bonds (Saint         
Luke's Health System, Inc.)  5.00  11/15/28  1,300,000  1,490,866 
Missouri Joint Municipal Electric Utility         
Commission,         
Power Project Revenue Bonds (Iatan 2         
Project)  5.00  1/1/32  1,550,000  1,717,462 
Missouri Joint Municipal Electric Utility         
Commission,         
Power Project Revenue Bonds (Prairie         
State Project)  5.00  12/1/30  3,270,000  3,691,732 
        16,473,515 
Nebraska - 1.4%         
Public Power Generation Agency,         
Revenue Bonds (Whelan Energy Center         
Unit 2)  5.00  1/1/29  4,750,000  5,336,815 
Public Power Generation Agency of         
Nebraska,         
Revenue Bonds (Whelan Energy Center         
Unit 2)  5.00  1/1/38  1,000,000  1,114,130 

 

 

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
Nebraska - 1.4% (continued)         
Public Power Generation Agency of         
Nebraska,         
Revenue Bonds (Whelan Energy Center         
Unit 2)  5.00  1/1/30  2,250,000  2,519,685 
        8,970,630 
Nevada - .5%         
Las Vegas Valley Water District,         
Limited Tax GO (Additionally Secured         
by Southern Nevada Water Authority         
Pledged Revenue Bonds)  5.00  6/1/25  2,100,000  2,315,439 
Reno,         
Sales Tax Revenue Bonds, First Lien         
(Reno Transportation Rail Access         
Project)  5.00  6/1/35  500,000  573,790 
        2,889,229 
New Jersey - 5.4%         
New Jersey Economic Development         
Authority,         
Revenue Bonds  5.25  6/15/27  2,500,000  2,788,950 
New Jersey Economic Development         
Authority,         
School Facilities Construction Revenue         
Bonds  5.00  3/1/28  2,250,000  2,410,313 
New Jersey Economic Development         
Authority,         
School Facilities Construction Revenue         
Bonds  5.25  6/15/29  1,400,000  1,554,644 
New Jersey Economic Development         
Authority,         
School Facilities Construction Revenue         
Bonds  5.25  6/15/31  4,000,000  4,411,280 
New Jersey Higher Education Student         
Assistance Authority,         
Student Loan Revenue Bonds  5.00  12/1/24  2,400,000  2,688,552 
New Jersey Tobacco Settlement Financing         
Corp.,         
Revenue Bonds, Refunding, Ser. A  5.00  6/1/32  2,330,000  2,640,892 
New Jersey Tobacco Settlement Financing         
Corp.,         
Revenue Bonds, Refunding, Ser. A  5.00  6/1/36  2,175,000  2,430,737 
New Jersey Tobacco Settlement Financing         
Corp.,         
Revenue Bonds, Refunding, Ser. A  5.00  6/1/31  2,000,000  2,273,980 
New Jersey Tobacco Settlement Financing         
Corp.,         
Revenue Bonds, Refunding, Ser. A  5.00  6/1/37  3,150,000  3,512,155 
New Jersey Turnpike Authority,         
Turnpike Revenue Bonds, Refunding  5.00  1/1/31  1,250,000  1,463,025 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
New Jersey - 5.4% (continued)           
Rutgers The State University,           
GO  5.00  5/1/29  6,840,000   7,650,745 
          33,825,273 
New York - 8.2%           
Metropolitan Transportation Authority,           
Transportation Revenue Bonds  5.00  11/15/30  5,000,000   5,741,100 
New York City,           
GO  5.00  12/1/31  3,750,000   4,347,112 
New York City,           
GO  5.00  8/1/28  5,000,000   5,470,600 
New York City,           
GO  5.00  3/1/25  3,300,000   3,760,614 
New York City Industrial Development           
Agency,           
Senior Airport Facilities Revenue Bonds           
(Transportation Infrastructure           
Properties, LLC Obligated Group)  5.00  7/1/20  3,035,000   3,193,124 
New York City Transitional Finance           
Authority,           
Future Tax Secured Subordinate           
Revenue Bonds  5.00  5/1/28  4,400,000   4,923,600 
New York Liberty Development           
Corporation,           
Revenue Bonds (Goldman Sachs           
Headquarters Issue)  5.25  10/1/35  2,000,000   2,476,180 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
Bonds (General Purpose)  5.00  3/15/32  3,000,000   3,381,660 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
Bonds (General Purpose)  5.00  2/15/25  3,925,000   4,490,278 
New York State Dormitory Authority,           
State Personal Income Tax Revenue           
Bonds (General Purpose)           
(Prerefunded)  5.25  2/15/19  10,000 e  10,169 
New York Transportation Development           
Corporation,           
Special Facility Revenue Bonds           
(American Airlines, Inc. John F.           
Kennedy International Airport Project)  5.00  8/1/26  1,000,000   1,051,520 
New York Transportation Development           
Corporation,           
Special Facility Revenue Bonds (Delta           
Air Lines-Laguardia Airport Terminals)  5.00  1/1/23  3,580,000   3,924,396 
New York Transportation Development           
Corporation,           
Special Facility Revenue Bonds           
(LaGuardia Airport Terminal B           
Redevelopment Project)  5.00  7/1/34  1,000,000   1,079,980 

 

 

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
New York - 8.2% (continued)           
Suffolk Tobacco Asset Securitization           
Corporation,           
Tobacco Settlement Asset-Backed           
Bonds  5.38  6/1/28  735,000   734,824 
Triborough Bridge and Tunnel Authority,           
General Revenue Bonds (MTA Bridges           
and Tunnels)  2.63  12/3/19  4,000,000 c  4,006,680 
TSASC Inc.,           
Revenue Bonds, Refunding, Series 2017           
A  5.00  6/1/32  3,000,000   3,333,750 
          51,925,587 
North Carolina - .7%           
North Carolina Medical Care Commission,           
Health Care Facilities Revenue Bonds           
(Vidant Health)  5.00  6/1/32  2,500,000   2,798,050 
North Carolina Turnpike Authority,           
Revenue Bonds (Insured; Assured           
Guaranty Municipal Corp.)  5.00  1/1/28  1,500,000   1,727,775 
          4,525,825 
Ohio - .7%           
Montgomery County,           
Revenue Bonds (Miami Valley Hospital)  5.75  11/15/22  2,970,000   3,205,848 
Ohio Hospital Facilities,           
Revenue Bonds, Refunding (Cleveland           
Clinic Health Systems)  5.00  1/1/31  1,250,000   1,466,375 
          4,672,223 
Oregon - .6%           
Oregon Facilities Authority,           
Revenue Bonds (Legacy Health Project)  5.00  6/1/35  2,500,000   2,804,375 
Port of Portland,           
Revenue Bonds (Portland International           
Airport)  5.00  7/1/35  1,000,000   1,122,520 
          3,926,895 
Pennsylvania - 5.8%           
Commonwealth Financing Authority of           
Pennsylvania,           
Revenue Bonds  5.00  6/1/31  2,500,000   2,846,925 
Delaware Valley Regional Finance           
Authority,           
Revenue Bonds (Insured; CNTY Gtd.)           
Series 2018 B, MUNIPSA + .42%  1.98  9/1/22  6,500,000 c  6,501,885 
Montgomery County Higher Education           
and Health Authority,           
Revenue Bonds, Refunding, (Thomas           
Jefferson University) Ser. A  5.00  9/1/32  1,000,000   1,147,330 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
Pennsylvania - 5.8% (continued)           
Pennsylvania Higher Educational           
Facilities Authority,           
Health System Revenue Bonds           
(University of Pennsylvania Health           
System)  5.00  8/15/25  1,700,000   1,978,800 
Pennsylvania Turnpike Commission,           
Motor License Fund-Enhanced           
Turnpike Subordinate Special Revenue           
Bonds  5.00  12/1/30  5,000,000   5,678,050 
Pennsylvania Turnpike Commission,           
Revenue Bonds, Refunding  5.00  12/1/31  2,400,000   2,736,864 
Pennsylvania Turnpike Commission,           
Turnpike Revenue Bonds  5.00  12/1/31  1,650,000   1,867,800 
Pennsylvania Turnpike Commission,           
Turnpike Subordinate Revenue Bonds  5.00  6/1/28  3,250,000   3,674,222 
Philadelphia Airport,           
Revenue Bonds, Refunding  5.00  7/1/31  1,000,000   1,138,180 
Philadelphia School District,           
GO  5.00  9/1/21  3,555,000   3,739,149 
School District of Philadelphia/The,           
GO  5.00  9/1/32  2,000,000   2,267,280 
School District of Philadelphia/The,           
GO  5.00  9/1/30  2,490,000   2,800,005 
School District of Philadelphia/The,           
GO, (Prerefunded)  5.00  9/1/26  10,000 e  11,840 
          36,388,330 
South Carolina - .8%           
South Carolina Ports Authority,           
Ports Revenue Bonds  5.00  7/1/31  2,000,000   2,312,240 
South Carolina Public Service Authority,           
Revenue Bonds Obligations (Santee           
Cooper)  5.00  12/1/25  2,320,000   2,591,904 
          4,904,144 
Tennessee - 1.3%           
Greeneville Health & Educational           
Facilities Board,           
Hospital Revenue Bonds (Ballard           
Health Obligation Group)  5.00  7/1/32  2,500,000   2,726,350 
Tennessee Energy Acquisition,           
Gas Revenue Bonds  4.00  11/1/25  3,500,000   3,712,205 
Tennessee Energy Acquisition           
Corporation,           
Gas Project Revenue Bonds  5.25  9/1/26  1,505,000   1,741,646 
          8,180,201 

 

 

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
Texas - 7.0%         
Arlington City,         
Special Tax Revenue Bonds, Refunding         
(Insured; Assured Guaranty Municipal         
Corp.)  5.00  2/15/34  1,500,000  1,678,305 
Central Texas Regional Mobility         
Authority,         
Senior Lien Revenue Bonds  5.00  1/1/32  1,350,000  1,500,444 
Cypress-Fairbanks Independent School         
District,         
Unlimited Tax School Building Bonds         
(Permanent School Fund Guarantee         
Program)  5.00  2/15/27  5,000,000  5,657,000 
Dallas and Fort Worth,         
Joint Revenue Bonds (Dallas-Fort         
Worth International Airport)  5.00  11/1/22  4,000,000  4,423,880 
Harris County,         
Tax Road GO  5.00  10/1/27  2,500,000  2,899,275 
Harris County-Houston Sports Authority,         
Senior Lien Revenue Bonds  5.00  11/15/28  2,500,000  2,809,175 
Harris County-Houston Sports Authority,         
Senior Lien Revenue Bonds  5.00  11/15/29  2,325,000  2,606,930 
Love Field Airport Modernization         
Corporation,         
General Airport Revenue Bonds  5.00  11/1/24  1,000,000  1,133,240 
New Hope Cultural Educational Facilities         
Finance Corp.,         
Hospital Revenue Bonds, Refunding         
(Children's Health System Project)  5.00  8/15/29  1,750,000  2,046,695 
North Texas Tollway Authority,         
Second Tier System Revenue Bonds  5.00  1/1/31  5,000,000  5,623,850 
Plano Independent School District,         
Unlimited Tax Bonds (Permanent         
School Fund Guarantee Program)  5.00  2/15/26  3,000,000  3,522,120 
San Antonio,         
Municipal Drainage Utility System         
Revenue Bonds  5.00  2/1/28  5,000,000  5,569,100 
Tarrant County Cultural Education         
Facilities Finance Corporation,         
HR (Baylor Scott and White Health         
Project)  5.00  11/15/31  1,400,000  1,596,210 
Texas Transportation Commission,         
Central Texas Turnpike System Second         
Tier Revenue Bonds  5.00  8/15/31  2,500,000  2,737,550 
        43,803,774 

 

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

  Coupon  Maturity  Principal   
Description  Rate (%)  Date  Amount ($)  Value ($) 
Long-Term Municipal Investments - 99.2% (continued)     
U.S. Related - .8%         
Puerto Rico Highway & Transportation         
Authority,         
Highway Revenue Bonds, Refunding         
(Insured; Assured Guaranty Municipal         
Corporation) Series 2007 CC  5.25  7/1/36  4,400,000  5,219,368 
Utah - 1.4%         
Salt Lake City,         
Airport Revenue Bonds, Ser. A  5.00  7/1/36  5,000,000  5,633,550 
Utah Transit Authority,         
Subordinated Sales Tax Revenue Bonds  5.00  6/15/35  2,645,000  2,972,319 
        8,605,869 
Virginia - 1.2%         
Richmond,         
Public Utility Revenue Bonds  5.00  1/15/31  4,095,000  4,743,484 
Virginia Small Business Financing         
Authority,         
Revenue Bonds  5.00  7/1/34  2,900,000  3,075,363 
        7,818,847 
Washington - 4.8%         
Central Puget Sound Regional Transit         
Authority,         
Sales Tax and Motor Vehicle Excise Tax         
Revenue Bonds (Green Bonds)  5.00  11/1/31  1,250,000  1,456,163 
King County Public Hospital District         
Number 2,         
Limited Tax GO (Valley Medical Center)  5.00  12/1/30  6,930,000  7,891,399 
Port of Seattle,         
Intermediate Lien Revenue Bonds  5.00  3/1/34  2,000,000  2,235,200 
Port of Seattle,         
Intermediate Lien Revenue Bonds  5.00  8/1/28  2,485,000  2,730,294 
Seattle,         
Drainage and Wastewater         
Improvement Revenue Bonds  5.00  9/1/27  3,525,000  3,862,166 
Washington,         
Motor Vehicle Fuel Tax GO  5.00  7/1/23  5,030,000  5,702,913 
Washington,         
Motor Vehicle Fuel Tax GO  5.00  2/1/24  4,315,000  4,840,783 
Washington Convention Center Public         
Facilities District,         
Revenue Bonds  5.00  7/1/33  1,330,000  1,530,351 
        30,249,269 
Wisconsin - 1.9%         
Public Finance Authority of Wisconsin,         
Lease Development Revenue Bonds         
(KU Campus Development Corporation         
- Central District Development Project)  5.00  3/1/36  4,500,000  5,003,910 

 

 

  Coupon  Maturity  Principal    
Description  Rate (%)  Date  Amount ($)   Value ($) 
Long-Term Municipal Investments - 99.2% (continued)       
Wisconsin - 1.9% (continued)           
Wisconsin Health and Educational           
Facilities Authority,           
Health Facilities Revenue Bonds           
(UnityPoint Health)  5.00  12/1/28  1,890,000   2,131,523 
Wisconsin Health and Educational           
Facilities Authority,           
Revenue Bonds (ProHealth Care, Inc.           
Obligated Group)  5.00  8/15/33  2,250,000   2,475,293 
Wisconsin Health and Educational           
Facilities Authority,           
Revenue Bonds, Refunding (Children's           
Hospital of Wisconsin, Inc.)  5.00  8/15/34  1,835,000   2,085,533 
          11,696,259 
Total Investments (cost $611,636,072)      99.2 %  623,899,737 
Cash and Receivables (Net)      0.8 %  5,036,909 
Net Assets      100.0 %  628,936,646 

 

LIBOR—London Interbank Offered Rate
MUNIPSA—SIFMA Municipal Swap Index Yield

a 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, 2018, these securities were valued 
at $1,105,150 or .18% of net assets. 
b Security issued with a zero coupon. Income is recognized through the accretion of discount. 
c Variable rate security—rate shown is the interest rate in effect at period end. 
d Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity. 
e 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. 

 

 

STATEMENT OF INVESTMENTS
Dreyfus Intermediate Municipal Bond Fund, Inc.
August 31, 2018 (Unaudited)

The following is a summary of the inputs used as of August 31, 2018 in valuing the fund’s investments:

    Level 2 - Other  Level 3 -   
  Level 1 -  Significant  Significant   
  Unadjusted  Observable  Unobservable   
  Quoted Prices  Inputs  Inputs  Total 
Assets ($)         
Investments in Securities:         
Municipal Bonds†  -  623,899,737  -  623,899,737 

 

† See Statement of Investments for additional detailed categorizations.

 

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 accurately reflect 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 such securities are generally categorized within Level 3 of the fair value hierarchy.

At August 31, 2018, accumulated net unrealized appreciation on investments was $12,263,665, consisting of $15,914,264 gross unrealized appreciation and $3,650,599 gross unrealized depreciation.

At August 31, 2018, 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 19, 2018

 

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 19, 2018

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 19, 2018

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)