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Neuberger Next Generation Connectivity Fund: Shareholder Distribution Notification

On September 30, 2026, Neuberger Next Generation Connectivity Fund Inc. (NYSE: NBXG) released a notice to its shareholders detailing vital information regarding the distribution sources outlined as per Section 19(a) of the Investment Company Act. This comes in conjunction with the Fund's commitment to transparency in its managed distribution policy, allowing stockholders clear insight into their investments.

Overview of the Fund's Distribution Policy

Neuberger's Board of Directors has instituted a policy allowing for monthly cash distributions to shareholders, signifying a fixed amount for each share of common stock. The policy is flexible, granting the Board the authority to terminate or revise it whenever deemed necessary. Recently, the Fund declared a distribution amounting to $0.12 per share for common stockholders on record as of September 15, 2026, with the payment set for September 30, 2026.

Breakdown of Sources for September 2026 Distribution

In the distribution notification, the Fund provided estimates concerning the sources contributing to September's share distribution, alongside cumulative distributions from November 1, 2025, to October 31, 2026. The breakdown estimates are as follows:


This data indicates that of the total $0.12 per share distribution, approximately 92.3% comes from net realized long-term capital gains, with the remaining amount representing a return of capital.

Important Considerations for Shareholders

It is critical for shareholders to refrain from making assumptions regarding the Fund's performance based solely on the declared distributions. The Fund has noted that its distributions have, in many instances, exceeded its net income and capital gains. Thus, part of the distribution may be classified as a return of capital, which indicates a return of some portion of the initial investment. This should not be mistaken for income or yield from investments.

Tax Implications and Reporting

The announced distribution amounts and sources should not be considered definitive for tax reporting purposes. Actual figures will be determined based on the Fund's performance over the remainder of its fiscal year, and shareholders will receive a Form 1099-DIV at the calendar year's end to assist with personal tax reporting.

Fund Performance Insights

As of August 31, 2026, the Fund reported several performance metrics based on its net asset value (NAV):

• - Average annual total return for the 5-year period: 6.60%
• - Current fiscal period's annualized distribution rate: 8.24%
• - Cumulative total return from November 1, 2025, through August 31, 2026: 9.30%
• - Cumulative distributions (as a percentage of NAV): 6.86%

This information aligns with the Fund's intent to maintain open communication with stockholders while providing relevant updates regarding the distribution framework and overall performance.

Conclusion

The Neuberger Next Generation Connectivity Fund remains committed to its shareholders by keeping them informed about the sources of their distributions. Regular updates serve to provide transparency and understanding of the investment's performance, ensuring equity in ownership and awareness of financial outcomes. For any questions or clarifications, shareholders are encouraged to reach out to Neuberger's investor relations department.

For more information, shareholders can contact Neuberger Berman Investment Advisers LLC at their Investor Information line. Maintaining open channels of communication is vital as the Fund continues to navigate the investment landscape and provide value to its shareholders.