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Neuberger Berman Next Generation Connectivity Fund Announces Monthly Distribution

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has officially announced a monthly distribution of $0.10 per common share as part of its ongoing commitment to providing stable returns to its shareholders. This distribution, which will be paid out on April 30, 2025, will be distributed to all shareholders who hold shares as of the record date of April 15, 2025, with an ex-date also set for April 15, 2025.

Under their established level distribution policy, Neuberger Berman intends to issue consistent monthly distributions of $0.10 per share of common stock, subject to prevailing market conditions. Investors should keep in mind that the Fund’s ability to maintain this distribution will depend significantly on several variables, including the stability and amount of income generated from its investments and the availability of capital gains. Additionally, the level of fees and expenses incurred by the Fund may also influence its ability to sustain the current distribution rate.

Due to the Fund's implemented strategy aimed at stabilizing distribution amounts, the forthcoming distributions may comprise a combination of net investment income, net realized capital gains, and potential return of capital. In compliance with the regulatory framework established under Section 19 of the Investment Company Act of 1940, Neuberger Berman will issue a notice for any distributions that do not solely consist of net investment income. Such notices are primarily for informational purposes and are designed to inform shareholders about the estimated portions of each distribution that could consist of net investment income, capital gains, or return of capital. The final determination of the sources and tax characteristics relevant to all distributions paid during the year 2025 will be settled following the conclusion of the year.

Founded in 1939, Neuberger Berman operates as a private, employee-owned investment management firm. The firm is recognized for its robust management across a diverse spectrum of asset classes, which includes equities, fixed income, private equity, real estate, and hedge fund portfolios, amounting to an impressive $508 billion in assets under management as of the latest reports. Utilizing an investment philosophy anchored in active management, fundamental research, and engaged ownership, Neuberger Berman adopts a strategy that prioritizes both performance and sustainability. The firm has earned accolades from the Principles for Responsible Investment (PRI) based on its exceptional reporting assessment results. For the last decade, Neuberger Berman has been celebrated as one of the best places to work in money management, as recognized by Pensions & Investments.

While the announcement of a steady monthly distribution suggests a positive outlook, it is important for investors to note that the aforementioned distribution declaration does carry inherent risks and uncertainties. Factors such as adverse fluctuations in the securities market, general economic downturns, competitive pressures from alternative investment opportunities, changes in government policies, as well as the Fund's strategic ability to attract and retain talented personnel can significantly impact performance.

Moving forward, Neuberger Berman remains committed to keeping investors informed and engaged as it navigates the complexities of the investment landscape. For more detailed information regarding the Fund and its offerings, investors can visit www.nb.com.

In conclusion, while Neuberger Berman Next Generation Connectivity Fund's recent distribution announcement aligns with its ongoing strategy to provide stable income to its shareholders, potential investors should conduct thorough evaluations and be cognizant of the varying factors that could influence the Fund's ability to maintain this distribution rate over time.