NEUBERGER NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Next Generation Connectivity Fund (NYSE: NBXG) declared a $0.12 per share monthly distribution payable March 31, 2026, with record and ex-date of March 16, 2026. Under its level distribution policy, the Fund expects regular $0.12 monthly payouts, subject to market conditions and available income.

The Fund warns distributions may include net investment income, net realized capital gains or return of capital; final tax characterization for 2026 will be determined after year-end.

Positive

• Monthly distribution of $0.12 per share declared
• Payable March 31, 2026 with record/ex-date March 16, 2026
• Level distribution policy provides predictable monthly payout target

Negative

• Distributions may include return of capital, reducing future distributable assets
• No assurance the Fund can maintain the current $0.12 rate

Key Figures

Monthly distribution: $0.12 per share Payable date: March 31, 2026 Total return on NAV: 30.78% +5 more

8 metrics

Monthly distribution $0.12 per share Declared for March 31, 2026 payout

Payable date March 31, 2026 Distribution payment date for current declaration

Total return on NAV 30.78% Year ended October 31, 2025

Benchmark return 22.64% MSCI ACWI (Net), same period

Market-price total return 33.17% Year ended October 31, 2025

Net assets $1,366.3 million Net assets applicable to common stockholders

NAV per share $17.35 As of October 31, 2025

2025 distributions $1.22 per share All treated as return of capital for tax purposes

Market Reality Check

Price: $13.48 Vol: Volume 212,061 is 0.71x t...

normal vol

$13.48 Last Close

Volume Volume 212,061 is 0.71x the 20-day average of 299,958, indicating subdued trading activity pre-announcement. normal

Technical Shares at 13.48 are trading below the 200-day MA of 14.45, keeping the fund in a weaker technical posture despite ongoing distributions.

Peers on Argus

NBXG’s -0.74% move preceded this distribution news and contrasts with mixed peer...

NBXG’s -0.74% move preceded this distribution news and contrasts with mixed peer action: NFJ up 0.44%, RNP up 0.28%, while BSTZ down 0.7% and MFIC down 7.1%, suggesting stock-specific rather than broad sector dynamics.

Historical Context

5 past events · Latest: Jan 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 30	Monthly distribution	Neutral	-0.4%	Announced regular monthly distribution of $0.12 per share for February 2026.
Dec 31	Monthly distribution	Neutral	+1.0%	Declared $0.12 per share distribution payable January 30, 2026.
Nov 28	Monthly distribution	Neutral	-0.3%	Announced $0.12 per share payout for December 31, 2025.
Oct 31	Monthly distribution	Neutral	+0.7%	Reaffirmed $0.12 monthly distribution with November 28, 2025 payable date.
Sep 29	Distribution increase	Positive	+0.9%	Raised monthly distribution from $0.10 to $0.12 per share, a 20% increase.

Pattern Detected

The fund has repeatedly declared a $0.12 monthly distribution since late 2025, including a 20% rate increase in September 2025, with generally modest next-day price reactions around these announcements.

Recent Company History

Over the last several months, NBXG has consistently communicated its level distribution policy at $0.12 per share, following a 20% increase from $0.10 announced on Sep 29, 2025. Subsequent monthly releases on Oct 31, Nov 28, Dec 31, 2025, and Jan 30, 2026 all reiterated the same payout and similar cautions about sources of distributions and sustainability. Price moves around these prior declarations were small, indicating the market had largely incorporated this policy before each update.

Market Pulse Summary

This announcement reiterates NBXG’s level monthly distribution of $0.12 per share under its existing...

Analysis

This announcement reiterates NBXG’s level monthly distribution of $0.12 per share under its existing policy, while emphasizing that payments may include net investment income, capital gains, and return of capital. Recent filings reported a strong 30.78% total return on NAV versus 22.64% for the benchmark, but also noted that $1.22 per share in 2025 distributions were entirely return of capital. Investors may monitor coverage of the payout, NAV trends, and any changes to the distribution rate.

Key Terms

net investment income, net realized capital gains, return of capital, Investment Company Act of 1940

4 terms

net investment income financial

"may consist of net investment income, net realized capital gains and return of capital."

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

net realized capital gains financial

"may consist of net investment income, net realized capital gains and return of capital."

Net realized capital gains are the total profits an investor or fund actually locks in by selling investments at a higher price than they were bought, after subtracting any losses and transaction costs. Think of it like a garage sale where you tally the money made from items sold for more than you paid, minus the losses on items that sold for less; these net gains affect taxable income, dividend distributions and reported earnings, so they directly influence investor returns and tax bills.

return of capital financial

"may consist of net investment income, net realized capital gains and return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

Investment Company Act of 1940 regulatory

"In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 27, 2026 /PRNewswire/ -- Neuberger Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced a distribution declaration of $0.12 per share of common stock. The distribution announced today is payable on March 31, 2026, has a record date of March 16, 2026, and has an ex-date of March 16, 2026.

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 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 27 countries. The firm manages $563 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 is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of December 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/neuberger-next-generation-connectivity-fund-announces-monthly-distribution-302699785.html

SOURCE Neuberger Berman

FAQ

What distribution did Neuberger Next Generation Connectivity Fund (NBXG) declare for March 2026?

The Fund declared a $0.12 per share monthly distribution payable March 31, 2026. According to the company, the record and ex-date are both March 16, 2026 and the payout follows its level distribution policy.

Will NBXG's March 31, 2026 distribution be taxable as income?

Tax treatment is not final until year-end; distributions may include income, gains, or return of capital. According to the company, a year-end determination will disclose the final tax characterization for 2026 distributions.

Does NBXG guarantee continued monthly distributions of $0.12 per share?

No—there is no guarantee the Fund will maintain $0.12 each month. According to the company, continued payments depend on investment income, capital gains, and the Fund's fees and expenses.

How will NBXG notify shareholders if a distribution is not solely net investment income?

The Fund will provide an informational notice if distributions include capital gains or return of capital. According to the company, the notice complies with Section 19 and will estimate portions of each component.

What are the important dates for NBXG's March 2026 distribution (NYSE: NBXG)?

Key dates: ex-date and record date March 16, 2026, payable March 31, 2026. According to the company, shareholders of record by March 16 will be entitled to the $0.12 per share payment.