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 January 30, 2026, with record and ex-date of January 15, 2026.

Under its level distribution policy the Fund expects to continue monthly distributions of $0.12 per share subject to market conditions. The Fund said distributions may include net investment income, net realized capital gains and return of capital to maintain a stable payout. The Fund noted its ability to sustain the rate depends on income from investments, availability of capital gains, and fees and expenses, and final tax characterization for 2026 will be determined after year-end.

Positive

• Monthly distribution set at $0.12 per share
• Payable date is January 30, 2026 with record/ex-date January 15, 2026
• Level distribution policy signals intent for regular monthly payouts

Negative

• Distributions may include return of capital, reducing tax-efficiency
• No assurance the Fund can maintain the $0.12 rate over time
• Sustainability depends on investment income, capital gains, and fees

Key Figures

Monthly distribution $0.12 per share Declared under level distribution policy for common stock

Payable date January 30, 2026 Payment date for the announced $0.12 distribution

Record and ex-date January 15, 2026 Record date and ex-date for eligibility to receive distribution

Market Reality Check

$14.44 Last Close

Volume Volume 210,901 is 1.13x the 20-day average of 186,439, indicating modestly elevated trading interest. normal

Technical Price $14.44 is trading above the 200-day MA of $14.06 and 7.76% below the 52-week high.

Peers on Argus

NBXG gained 0.21% while key peers like BSTZ and RNP showed declines of -1.05% and -1.14%, suggesting a stock-specific response rather than a broad asset-management move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 28	Monthly distribution	Neutral	-0.3%	Reaffirmed $0.12 monthly payout with standard language on distribution sources.
Oct 31	Monthly distribution	Neutral	+0.7%	Declared $0.12 distribution and reiterated level distribution policy details.
Sep 29	Distribution increase	Positive	+0.9%	Raised monthly distribution from $0.10 to $0.12 per share, a 20% increase.
Aug 29	Monthly distribution	Neutral	-0.6%	Declared $0.10 monthly distribution under level policy with tax characterization caveats.
Jul 31	Monthly distribution	Neutral	-2.8%	Announced $0.10 monthly distribution and highlighted reliance on investment income and expenses.

Pattern Detected

Recent distribution announcements often saw muted or negative next-day performance, with the September distribution increase aligning with a positive move.

Recent Company History

Over the last five months, NBXG has repeatedly communicated its level distribution policy, initially at $0.10 per share and later increased to $0.12 per share in late September 2025. Subsequent announcements on October 31 and November 28 reaffirmed the $0.12 level and clarified that payouts may include net investment income, capital gains, and return of capital. Price reactions have been mixed, with three negative and two positive 24-hour moves, indicating that these routine distribution updates have not produced consistently strong upside reactions.

Market Pulse Summary

This announcement reiterates a monthly distribution of $0.12 per share, payable on January 30, 2026, under a level distribution policy. The fund again emphasizes that payouts may include net investment income, net realized capital gains, and return of capital, with final 2026 tax characterization determined after year-end. Investors may want to monitor the stability of portfolio income, realized gains, and expense levels, as these are cited as key determinants of the fund’s ability to maintain its current payout rate.

Key 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.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 31, 2025 /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 January 30, 2026, has a record date of January 15, 2026, and has an ex-date of January 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 Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,900 employees in 26 countries. The firm manages $558 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 has been named the #1 Best Place to Work in Money Management by Pensions & Investments and has placed #1 or #2 for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of September 30, 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) declare for January 2026?

The Fund declared a $0.12 per share distribution payable January 30, 2026.

What are the record and ex-dates for NBXG's January 2026 distribution?

Both the record date and ex-date are January 15, 2026.

Will NBXG pay $0.12 every month in 2026?

The Fund intends regular monthly distributions of $0.12 under its level distribution policy, subject to market conditions.

Could NBXG's distribution include return of capital in 2026?

Yes; distributions may consist of net investment income, net realized capital gains and return of capital to maintain a stable payout.

How will NBXG report the tax characteristics of 2026 distributions?

The Fund will make a final determination after year-end and provide notices if distributions do not consist solely of net investment income.