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Monthly Distribution Announcement

On January 31, 2025, Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) officially announced a distribution declaration of $0.10 per share for its common stock. This payment is scheduled for February 28, 2025, with an important record date set for February 18, 2025. Notably, the ex-date is also February 18, which means investors must hold shares before this date to be eligible for the upcoming distribution.

The fund operates under a level distribution policy which aims to provide regular monthly distributions of $0.10 per share, reflecting the fund's commitment to maintaining a stable payout. However, this is conditional upon market conditions and other financial factors. The management team recognizes that various elements can influence their distribution stability, such as the income levels from investments, capital gains, and operational expenses at the fund.

Key Distribution Details

The distribution announced is inclusive of different components: net investment income, net realized capital gains, and potentially a return of capital. This careful structuring is designed to uphold the distribution's perceived stability over time. For distributions that do not consist entirely of net investment income, a compliance notice will be issued to inform shareholders accordingly. This notice serves informative purposes and encompasses details of the distribution's sources, though it omits tax reporting implications.

About Neuberger Berman

Neuberger Berman, an employee-owned entity founded in 1939, has established itself as a distinguished independent investment manager with a footprint spanning 26 countries and a workforce exceeding 2,800 employees. The firm's vast portfolio manages approximately $508 billion across a diverse array of investment vehicles including equities, fixed income, private equity, real estate, and hedge funds.

The company prides itself on its principles of active management and fundamental research, underscoring its dedication to engaged ownership and sustainable investing practices. Neuberger Berman has consistently been recognized by industry authorities including Pensions & Investments, which has listed the firm among the top two best places to work in money management for a decade—indeed, a remarkable achievement considering the firm's size.

Financial Outlook

Amid a volatile market environment, the fund's ability to maintain its current distribution level relies on multiple factors. Firstly, the regularity and quality of income generated by its investments will play a pivotal role. Furthermore, the availability of capital gains and the management of other fund-related expenses will also be essential in sustaining or adjusting the payout rate. It’s important to note that there can be no absolute guarantees regarding the continuity or constancy of these distributions in the future. Factors such as market downturns, competitive pressures, and internal and external challenges could prompt strategic shifts.

In conclusion, as the Neuberger Berman Next Generation Connectivity Fund embarks on this distribution approach, shareholders are encouraged to stay updated on performance metrics and financials that may impact future distributions and fund management strategies.