NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION AND 5-STAR MORNINGSTAR RATING™

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Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock, payable on July 31, 2025, with a record and ex-date of July 15, 2025. Additionally, the Fund received a prestigious 5-star Overall Morningstar Rating™ and a 5-star rating for its 3-year performance in the U.S. Closed-End Technology category.

The Fund maintains a level distribution policy, aiming to provide regular monthly distributions of $0.10 per share, subject to market conditions. These distributions may include net investment income, capital gains, and return of capital. The Fund's ability to maintain this distribution rate depends on factors including investment income stability, capital gains availability, and Fund expenses.

Positive

• Received prestigious 5-star Overall Morningstar Rating™
• Earned 5-star rating for 3-year performance in U.S. Closed-End Technology category
• Maintains consistent monthly distribution of $0.10 per share

Negative

• Future distributions not guaranteed and may include return of capital
• Distribution sustainability depends on multiple market-dependent factors

NEW YORK, June 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 July 31, 2025, has a record date of July 15, 2025, and has an ex-date of July 15, 2025.

The Fund also announced today that it received a 5-star Overall Morningstar Rating™ and a 5-star Morning Rating™ for its 3-year performance out of 5 investments in the U.S. Closed-End Technology Morningstar Category as of May 31, 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.

The Morningstar Rating™ for funds is calculated for closed-end funds with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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

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SOURCE Neuberger Berman

FAQ

What is the current distribution amount for Neuberger Berman Next Generation Connectivity Fund (NBXG)?

NBXG declared a monthly distribution of $0.10 per share of common stock, payable on July 31, 2025.

What Morningstar rating did NBXG receive in 2025?

NBXG received a 5-star Overall Morningstar Rating™ and a 5-star rating for its 3-year performance in the U.S. Closed-End Technology category as of May 31, 2025.

When is the record date for NBXG's July 2025 distribution?

The record date for NBXG's distribution is July 15, 2025, which is also the ex-date.

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

NBXG's distribution rate depends on income stability from investments, availability of capital gains, and Fund fees and expenses.

What can NBXG distributions consist of?

NBXG distributions may consist of net investment income, net realized capital gains, and return of capital, as part of their level distribution policy.