NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock. The distribution will be paid on June 30, 2025, with a record and ex-date of June 16, 2025. The Fund maintains a level distribution policy aiming for regular monthly distributions of $0.10 per share, subject to market conditions. The Fund's ability to maintain this distribution rate depends on factors including investment income stability, capital gains availability, and expense levels. The distributions may include net investment income, capital gains, and return of capital. Final tax characteristics of 2025 distributions will be determined after year-end.

Positive

• Regular monthly distribution maintained at $0.10 per share
• Consistent level distribution policy provides predictable income for shareholders

Negative

• Distribution may include return of capital, which could indicate insufficient earnings to cover payments
• No assurance provided for maintaining current distribution rate

Insights

Income Investment Specialist

NBXG declares routine $0.10 monthly distribution, maintaining stable payout policy despite potential mixed income sources.

Neuberger Berman Next Generation Connectivity Fund (NBXG) has maintained its established $0.10 per share monthly distribution schedule, with the next payment set for June 30. This continues the fund's level distribution policy, which aims to provide shareholders with consistent monthly income regardless of short-term market fluctuations.

What's noteworthy in this announcement is the fund's transparency about the potential mixed composition of these distributions. The release specifically indicates that the $0.10 payments might not derive solely from net investment income, but could include elements of capital gains or even return of capital. This composition flexibility is a common approach for funds seeking to maintain stable distribution rates when underlying investment income fluctuates.

The explicit acknowledgment that "there is no assurance that the Fund will always be able to pay a distribution of any particular amount" serves as an important reminder about the conditional nature of these payments. The fund's ability to sustain this distribution level depends on several factors including investment income stability, available capital gains, and expense ratios.

For income-focused investors, this distribution represents an unchanged continuation of the fund's payment policy, with the standard regulatory disclosure that final tax characterization of 2025 distributions will only be determined after year-end. This maintaining of the status quo suggests management currently believes the $0.10 monthly rate remains sustainable given their portfolio outlook.

NEW YORK, May 30, 2025 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced a distribution declaration of $0.10 per share of common stock. The distribution announced today is payable on June 30, 2025, has a record date of June 16, 2025, and has an ex-date of June 16, 2025.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.10 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 $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman 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. Data as of March 31, 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 dividend amount and payment date for NBXG's latest distribution?

NBXG declared a distribution of $0.10 per share, payable on June 30, 2025, with a record and ex-date of June 16, 2025.

How often does NBXG pay distributions?

NBXG maintains a level distribution policy with regular monthly distributions of $0.10 per share, subject to market conditions.

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

The Fund's distribution rate depends on investment income stability, availability of capital gains, and Fund expense levels.

What are the potential sources of NBXG's distributions?

Distributions may consist of net investment income, realized capital gains, and return of capital, with final tax characteristics determined after year-end.