NEUBERGER NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

Neuberger Next Generation Connectivity Fund (NYSE: NBXG) declared a monthly distribution of $0.12 per share of common stock.

Rhea-AI Summary

Neuberger Next Generation Connectivity Fund (NYSE: NBXG) declared a monthly distribution of $0.12 per share of common stock. The distribution is payable on June 30, 2026, to shareholders of record on June 15, 2026 (ex-date June 15, 2026).

The Fund follows a level distribution policy targeting regular monthly payouts of $0.12 per share, subject to market conditions and Board action. Distributions may include net investment income, capital gains, and return of capital, with final 2026 tax character determined year-end.

Positive

• Monthly distribution of $0.12 per share declared for June 30, 2026
• Level distribution policy targets regular monthly payouts of $0.12 per share
• Section 19 notices will provide transparency on income, gains, and return-of-capital mix

Negative

• No assurance current $0.12 distribution rate can be maintained
• Distributions may include return of capital, reducing shareholders’ cost basis
• Distribution level depends on income stability, capital gains, and fund expenses

Argus Jun 1 session

+0.66% close to close Open Argus

Details

News Market Reaction – NBXG

On Jun 1, the first trading day after this news, NBXG closed 0.66% above the previous close.

Data tracked by StockTitan Argus for the Jun 1 session.

Key Figures

Monthly distribution: $0.12 per share Payment date: June 30, 2026 Record date: June 15, 2026 +3 more

Monthly distribution

$0.12 per share

Declared regular monthly distribution under level distribution policy

Payment date

June 30, 2026

Payable date for the announced monthly distribution

Record date

June 15, 2026

Shareholders on record eligible for June 30, 2026 distribution

Ex-date

June 15, 2026

Ex-dividend date for the declared $0.12 distribution

Distribution frequency

Monthly

Fund anticipates regular monthly distributions, subject to conditions

Tax year

2026

Final determination of source and tax characteristics after year-end 2026

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Monthly distribution

   24h Move

   +3.0%

   Declared $0.12 per share May distribution under level distribution policy.

2. Mar 31

   Monthly distribution

   24h Move

   +2.1%

   Announced April $0.12 monthly distribution with reiterated level policy.

3. Feb 27

   Monthly distribution

   24h Move

   +1.5%

   Declared March $0.12 distribution, noting income and capital gains sources.

4. Jan 30

   Monthly distribution

   24h Move

   -0.4%

   Announced February $0.12 payout under level policy with ROC possibility.

5. Dec 31

   Monthly distribution

   24h Move

   +1.0%

   Declared January $0.12 payout, continuing post-September increase from $0.10.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

record date, ex-date, net investment income, net realized capital gains, +2 more

6 terms

record date financial

"has a record date of June 15, 2026, and has an ex-date"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

ex-date financial

"has a record date of June 15, 2026, and has an ex-date of June 15"

The ex-date is the specific day when a stock stops trading with the right to receive an upcoming dividend or other benefit. If you buy the stock on or after this date, you won't get the upcoming payout; instead, the seller will. It’s like a cut-off point that determines who is entitled to receive the benefits of a company’s distribution to shareholders.

net investment income financial

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

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"

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

"net realized capital gains and return of capital. In compliance with Section 19"

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.

section 19 of the investment company act of 1940 regulatory

"In compliance with Section 19 of the Investment Company Act of 1940, as amended"

Section 19 of the Investment Company Act of 1940 bars the resale or distribution of mutual fund or other investment company shares that were originally acquired in violation of the Act, and gives the fund certain remedies such as reclaiming profits or undoing the sale. For investors and intermediaries this matters because it can make otherwise tradable shares illiquid or subject to forced recovery, creating legal and financial risk similar to buying a product that can later be recalled and refunded.

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NEW YORK, May 29, 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 June 30, 2026, has a record date of June 15, 2026, and has an ex-date of June 15, 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 26 countries. The firm manages $567 billion of equities, fixed income, private markets, 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 March 31, 2026.

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-302786128.html

SOURCE Neuberger Berman

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Neuberger Next Generation Connectivity Fund (NBXG) declare for June 2026?

NBXG declared a monthly cash distribution of $0.12 per share payable June 30, 2026. According to the Fund, shareholders of record on June 15, 2026, with an ex-date of June 15, 2026, will receive this distribution.

When is the record date and ex-dividend date for NBXG’s June 2026 distribution?

The record date and ex-dividend date for NBXG’s June 2026 distribution are both June 15, 2026. According to the Fund, investors holding shares on that date will be eligible to receive the $0.12 per share distribution on June 30, 2026.

Does Neuberger Next Generation Connectivity Fund (NBXG) pay a monthly dividend?

NBXG anticipates making regular monthly distributions of $0.12 per share under its level distribution policy. According to the Fund, this target is subject to market conditions and may change if the Board determines another amount.

What can NBXG shareholders expect about the sustainability of the $0.12 distribution?

NBXG’s ability to maintain the $0.12 per share distribution depends on investment income, capital gains, and expenses. According to the Fund, there is no assurance it can always pay this amount or that distributions will consist only of net investment income.

Will NBXG’s June 2026 distribution include return of capital?

NBXG states that current and future distributions may include return of capital, along with income and realized gains. According to the Fund, a Section 19 notice would disclose estimated portions when distributions are not solely from net investment income.

How will NBXG report the tax character of its 2026 distributions to investors?

The final tax character of NBXG’s 2026 distributions will be determined after year-end 2026. According to the Fund, Section 19 notices are informational only; actual income, gains, and return-of-capital amounts will be confirmed in year-end tax reporting.