EX-99.77O RULE 10F-3 3 comcastcorebond.txt RULE 10f3 REPORT FORM Institutional Liquidity Trust Lehman Brothers Core Bond Fund Neuberger Berman Advisers Management Trust Neuberger Berman Equity Funds Neuberger Berman Income Funds Neuberger Berman Intermediate Municipal Fund Inc. Neuberger Berman California Intermediate Municipal Fund Inc. Neuberger Berman New York Intermediate Municipal Fund Inc. Neuberger Berman Real Estate Income Fund Inc. Neuberger Berman Realty Income Fund Inc. Neuberger Berman Income Opportunity Fund Inc. Neuberger Berman Real Estate Securities Income Fund Inc. Record of Securities Purchased Under the Rule 10f3 Procedures 1. Name of Portfolio/Series: Lehman Brothers Core Bond Fund 2. Name of Issuer: Comcast 3. Date of Purchase: August 20, 2007 4. Underwriter from whom purchased: Goldman Sachs 5. Affiliated Underwriter managing or participating in underwriting syndicate: Yes 6. Is a list of the underwriting syndicates members attached? Yes X No ___ 7. Aggregate principal amount of purchase by all investment companies advised by the Adviser and all other accounts with respect to which the Adviser has management discretion and exercised such discretion with respect to the purchase: 70,000,000 8. Aggregate principal amount of offering: 1,000,000,000 9. Purchase price (net of fees and expenses): 99.759 10. Date offering commenced: August 8, 2007 11. Offering price at close of first day on which any sales were made: 99.759 12. Commission, spread or profit: 0.450 % $_____/share 13.Have the following conditions been satisfied? Yes No a.The securities are: part of an issue registered under the Securities Act of 1933 which is being offered to the public; X part of an issue of Government Securities; Eligible Municipal Securities; sold in an Eligible Foreign Offering; or sold in an Eligible Rule 144A offering? (See Appendix B to the Rule 10f3 Procedures for definitions of the capitalized terms herein.) b.(1) The securities were purchased prior to the end of the first day on which any sales were made, at a price that is not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities (except, in the case of an Eligible Foreign Offering, for any rights to purchase that are required by law to be granted to existing security holders of the issuer); OR X (2) If the securities to be purchased were offered for subscription upon exercise of rights, such securities were purchased on or before the fourth day preceding the day on which the rights offering terminates? c.The underwriting was a firm commitment underwriting? X d.The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period (see Attachment for comparison of spread with comparable recent offerings)? X e.The issuer of the securities, except for Eligible Municipal Securities, and its predecessors have been in continuous operation for not less than three years. X f.(1) The amount of the securities, other than those sold in an Eligible Rule 144A Offering (see below), purchased by all of the investment companies advised by the Adviser, and by all other accounts with respect to which the Adviser has investment discretion and exercised such discretion with respect to the purchase, did not exceed 25% of the principal amount of the offering; OR X Yes No (2) If the securities purchased were sold in an Eligible Rule 144A Offering, the amount of such securities purchased by all of the investment companies advised by the Adviser, and by all other accounts with respect to which the Adviser has investment discretion and exercised such discretion with respect to the purchase, did not exceed 25% of the total of: (i) The principal amount of the offering of such class sold by underwriters or members of the selling syndicate to qualified institutional buyers, as defined in Rule 144A(a)(1), plus (ii) The principal amount of the offering of such class in any concurrent pubic offering? g. (1) No affiliated underwriter of the Fund was a direct or indirect participant in or beneficiary of the sale; OR X (2) With respect to the purchase of Eligible Municipal Securities, no affiliated underwriter of the Fund was a direct or indirect participant in the sale and such purchase was not designated as a group sale or otherwise allocated to the account of an affiliated underwriter? h. Information has or will be timely supplied to the appropriate officer of the Fund for inclusion on SEC Form NSAR and quarterly reports to the Board? X Approved: Date: Underwriting Syndicates Members ABN AMRO Incorporated Banc of America Securities LLC Barclays Capital Blaylock & Company, Inc. BNP Paribas BNY Capital Markets Cabrera Capital Markets, Inc. Citi Daiwa Securities America Inc. Deutsche Bank Securities Goldman Sachs & Co Guzman & Company JPMorgan Lehman Brothers Loop Capital Markets, LLC M.R. Beal & Company Merrill Lynch & Co. Mitsubishi UFJ Securities Morgan Stanley Ramierz & Co., Inc Siebert Capital Markets Sun Trust Robinson Humphrey The Royal Bank of Scotland The Williams Capital Group, L.P. UBS Investment Bank Wachovia Securities Schedule G Comparable Form Comcast 10y RULE 10f3 REPORT FORM Additional Information regarding Item (g) commission or spread comparable recent offerings: Comparison # 1 Comparison # 2 Comparison # 3 Comparison # 4 Security Citigroup 6 Safeway 6.35 8/15/17 8/15/17 CUSIP CUSIP 172967EH0 7786514BP3 Date Offered 8/8/07 8/13/07 Offering Price 99.644 99.942 Spread ($) Spread (%) .425 .65 Type of Security Sr Unsecured Sr Unsecured Rating or Quality Aa1/AA Baa2/BBB Size of Issue $1,500,000,000 $500,000,000 Total Capitalization of Issuer $232B $13.7B Note: Minimum of two comparisons must be completed for each purchase. B1