NEUBERGER NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Next Generation Connectivity Fund (NYSE: NBXG) declared a monthly distribution of $0.12 per share, payable February 27, 2026, with record and ex-date of February 17, 2026.

Under its level distribution policy the Fund expects regular monthly distributions of $0.12 per share, subject to market conditions, and warned distributions may include net investment income, net realized capital gains and return of capital.

Positive

• Declared monthly distribution of $0.12 per share
• Payment date set for February 27, 2026 with record/ex-date February 17, 2026
• Level distribution policy signals intent for regular monthly payouts

Negative

• Distribution may include return of capital, reducing future capital base
• No assurance Fund can maintain the $0.12 rate; dependent on income, gains, fees

Key Figures

Monthly distribution: $0.12 per share Total return on NAV: 30.78% Benchmark return: 22.64% +5 more

8 metrics

Monthly distribution $0.12 per share Declared payable February 27, 2026

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 Applicable to common stockholders, N-CSR

NAV per share $17.35 As of October 31, 2025

Net investment income -$6.9 million Year ended October 31, 2025

Total distributions $1.22 per share Paid in 2025, all return of capital

Market Reality Check

Price: $14.32 Vol: Volume 213,157 is in line...

normal vol

$14.32 Last Close

Volume Volume 213,157 is in line with 20-day average 215,462 (relative volume 0.99). normal

Technical Trading slightly above 200-day MA of 14.32 with price at 14.38.

Peers on Argus

NBXG was down 0.76% while close-end fund and asset management peers were mixed: ...

NBXG was down 0.76% while close-end fund and asset management peers were mixed: NFJ up 0.45%, RNP up 0.35%, BSTZ down 1.41%, MFIC down 0.18%, BRDG flat. This points to stock-specific trading rather than a coordinated sector move.

Historical Context

5 past events · Latest: Dec 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 31	Monthly distribution	Positive	+1.0%	Declared $0.12 monthly distribution payable January 30, 2026.
Nov 28	Monthly distribution	Positive	-0.3%	Announced $0.12 distribution payable December 31, 2025.
Oct 31	Monthly distribution	Positive	+0.7%	Declared $0.12 monthly payout for November 28, 2025.
Sep 29	Distribution increase	Positive	+0.9%	Raised monthly distribution from $0.10 to $0.12 per share.
Aug 29	Monthly distribution	Positive	-0.6%	Declared $0.10 monthly distribution for September 30, 2025.

Pattern Detected

Monthly distribution announcements, including the prior increase from $0.10 to $0.12, have generally led to modest price moves, with more instances of positive than negative reactions.

Recent Company History

Over the past several months, NBXG has repeatedly announced monthly distributions under a level distribution policy, initially at $0.10 per share and then increased to $0.12 per share in late September 2025. Subsequent notices on August 29, October 31, November 28, and December 31, 2025 reaffirmed the regular payouts and clarified that distributions may include net investment income, capital gains, and return of capital. Today's release continues this established pattern of maintaining a consistent monthly distribution rate.

Market Pulse Summary

This announcement continues NBXG’s level distribution policy, declaring a monthly payout of $0.12 pe...

Analysis

This announcement continues NBXG’s level distribution policy, declaring a monthly payout of $0.12 per share with set record and payment dates. Recent filings showed a strong 30.78% total return on NAV for the year ended October 31, 2025, and net assets of $1,366.3 million, but also a net investment income loss and prior distributions treated as return of capital. Investors may watch how portfolio income, realized gains, and expense levels support the current distribution rate over time.

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 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, Jan. 30, 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 February 27, 2026, has a record date of February 17, 2026, and has an ex-date of February 17, 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

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SOURCE Neuberger Berman

FAQ

What distribution did Neuberger Next Generation Connectivity Fund (NBXG) announce for February 2026?

The Fund announced a $0.12 per share monthly distribution payable February 27, 2026. According to the company, the record and ex-date are both February 17, 2026, and future distributions remain subject to market conditions.

Will NBXG maintain monthly distributions of $0.12 per share going forward?

The Fund anticipates regular monthly distributions of $0.12 per share, subject to market conditions. According to the company, the rate depends on income, capital gains, and Fund fees and may change if conditions warrant.

What are the tax and source implications of NBXG's $0.12 distribution?

Distributions may consist of net investment income, capital gains, and return of capital rather than only income. According to the company, final tax characteristics for 2026 will be determined after year-end and disclosed for informational purposes.

When must investors own NBXG to receive the February 2026 distribution?

Investors must be on the record by the February 17, 2026 record date to receive the distribution. According to the company, the ex-date is the same day, February 17, 2026, affecting trade settlement eligibility.

How might NBXG's use of return of capital affect shareholders?

Return of capital may reduce a shareholder's cost basis and the Fund's capital base over time. According to the company, distributions may include return of capital as part of efforts to maintain a stable payout amount.