NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has announced a significant increase in its monthly distribution rate. The Fund is raising its distribution from $0.10 to $0.12 per share, representing a 20% increase.

The next distribution at the new rate will be payable on October 31, 2025, with a record and ex-date of October 15, 2025. The new annualized distribution of $1.44 per share represents approximately 9.49% of market price and 8.44% of NAV as of September 26, 2025.

The Fund's ability to maintain this distribution rate depends on factors including investment income stability, capital gains availability, and expense levels. Distributions may include net investment income, capital gains, and return of capital.

Positive

• Monthly distribution increased by 20% from $0.10 to $0.12 per share
• New annualized distribution rate of 9.49% based on market price
• Higher annual distribution of $1.44 vs previous $1.20 per share

Negative

• Distribution sustainability depends on multiple market factors
• Distributions may include return of capital, not just investment income
• No guarantee of maintaining the new distribution rate long-term

NEW YORK, Sept. 29, 2025 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced an increase in its monthly distribution rate to $0.12 per share of common stock from the prior monthly distribution rate of $0.10 per share, representing an increase of approximately 20%.  The Fund has also declared its next monthly distribution at the new rate, which is payable on October 31, 2025, has a record date of October 15, 2025, and has an ex-date of October 15, 2025.

The new monthly distribution rate of $0.12 per share represents an annualized distribution per share of $1.44 versus the prior annualized amount of $1.20 and results in a distribution rate of approximately 9.49% of the Fund's market price and 8.44% of its net asset value, as of September 26, 2025.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.12 per share of common stock, unless further action is taken to determine another amount. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, and the level of other Fund fees and expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist of only net investment income.

Due to an effort to maintain a stable distribution amount, the distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

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SOURCE Neuberger Berman

FAQ

What is the new monthly distribution rate for NBXG?

NBXG's new monthly distribution rate is $0.12 per share, increased from the previous $0.10 per share, representing a 20% increase.

When will NBXG's next distribution be paid?

NBXG's next distribution will be paid on October 31, 2025, with a record and ex-date of October 15, 2025.

What is NBXG's new annualized distribution yield?

Based on September 26, 2025 prices, NBXG's new annualized distribution represents 9.49% of market price and 8.44% of net asset value.

What factors could affect NBXG's ability to maintain its distribution?

NBXG's distribution depends on investment income stability, capital gains availability, and Fund expense levels. The distribution may include investment income, capital gains, and return of capital.

How much has NBXG increased its annual distribution?

NBXG has increased its annualized distribution from $1.20 to $1.44 per share, representing a 20% increase.