Neuberger Berman Next Generation Connectivity Fund Announces Monthly Distribution

NEW YORK, Jan. 31, 2025 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) has declared a distribution of $0.10 per share for its common stock. This distribution is scheduled to be paid on February 28, 2025. The record date for this distribution is February 18, 2025, and the ex-date is also February 18, 2025.

The Fund follows a level distribution policy, which means it plans to make regular monthly distributions at the rate of $0.10 per share, although this is subject to market conditions and may change if deemed necessary. The continuation of this distribution rate depends on several key factors, including the stability and amount of income generated from its investments, the availability of capital gains, and the level of fees and expenses associated with the Fund. However, there is no guarantee that the Fund will consistently pay out this distribution amount or that the distribution will be solely based on net investment income.

To maintain a consistent distribution amount, the payments announced, along with any future distributions, might include net investment income, net realized capital gains, or return of capital. In line with Section 19 of the Investment Company Act of 1940, if any distribution does not solely consist of net investment income, a notice will be issued. This notice will serve informational purposes and will not be intended for tax reporting. It will provide details such as the estimated portions of the distribution attributed to net investment income, capital gains, or return of capital. The final source and tax characteristics of all distributions paid in 2025 will be determined at the end of the year.

About Neuberger Berman

Founded in 1939, Neuberger Berman is a private, independent investment management firm that is employee-owned. The firm operates globally with more than 2,800 staff in 26 countries, managing approximately $508 billion in various assets, including equities, fixed income, private equity, real estate, and hedge fund portfolios. Neuberger Berman's investment approach is characterized by active management, in-depth fundamental research, and a commitment to engaged ownership. The firm has also received recognition for its leadership in sustainable investing, consistently receiving above median assessments from the PRI. Additionally, Neuberger Berman has been recognized by Pensions & Investments as one of the Best Places to Work in Money Management for the past decade, particularly among firms with over 1,000 employees. More information can be found at www.nb.com.

It is important to note that any forward-looking statements in this press release carry risks and uncertainties. These uncertainties can include adverse impacts due to declines in securities markets, the Fund's performance, a general economic downturn, competition from other closed-end investment companies, regulatory changes, the Fund's ability to attract and retain skilled employees, and challenges in implementing its investment strategies.

Contact Information

For investor inquiries, contact Neuberger Berman Investment Advisers LLC at (877) 461-1899.

Distribution, Investments, Funds