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Neuberger Berman Next Generation Connectivity Fund's Monthly Distribution Announcement

On March 3, 2025, Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) announced a pivotal distribution declaration of $0.10 per share. This monthly distribution is critical for stockholders, and its payment is scheduled for March 31, 2025. The record date, which signifies the deadline for shareholders to be eligible for receipt of the distribution, is set for March 17, 2025, coinciding with the ex-date of March 17, 2025.

Under the current level distribution policy, the Fund has expressed intentions to maintain regular monthly payouts. In doing so, it plans to distribute $0.10 per share, provided that prevailing market conditions remain favorable. Factors influencing the sustainability of these distributions include the income stability derived from investments, the availability of realized capital gains, and the extent of other fees and expenses associated with the Fund. Investors are cautioned that there is no guarantee that this distribution rate will always be upheld, nor that each distribution will solely stem from net investment income.

To ensure that shareholders remain well-informed, the Fund is committed to maintaining a steady distribution figure. It’s important to note, however, that the announced distribution, along with those in the future, may consist not only of net investment income but also of net realized capital gains or return of capital. In compliance with Section 19 of the Investment Company Act of 1940, notifications will be issued for distributions that do not consist solely of net investment income. These notices, while informative, will not serve for tax reporting purposes but will highlight estimated portions regarding net investment income, capital gains, and return of capital within the distribution.

As we advance, the final assessment of the distribution’s sources and tax characteristics for all payouts made in 2025 will take place at the year’s end. This systematic approach is indicative of Neuberger Berman's commitment to transparency and investor education, ensuring that all stakeholders are informed and able to make knowledgeable decisions regarding their investments.

About Neuberger Berman

Founded in 1939, Neuberger Berman stands as an employee-owned, independent investment management firm. With a robust workforce of over 2,800 professionals across 26 countries, the firm commands an impressive $508 billion in managed assets, spanning equities, fixed income, private equity, real estate, and hedge fund portfolios. At the core of Neuberger Berman's investment philosophy is a dedication to active management, fundamental research, and engaged ownership. The firm has received wide recognition for its leadership in stewardship and sustainable investing, as evidenced by its consecutive above-median ratings from the PRI (Principles for Responsible Investment). Moreover, for a decade, Neuberger Berman has been ranked among the top positions as the 'Best Place to Work in Money Management,' a testament to its strong organizational culture and employee satisfaction.

As we analyze the investment landscape, it’s imperative for investors to consider various risks, including market declines, economic downturns, competition, regulatory changes, and more. These factors could notably influence the Fund's performance and its ability to maintain strategic investment practices.

For additional insights and updates, or to access comprehensive research reports from Neuberger Berman, interested parties can visit www.nb.com. Investors are encouraged to stay abreast of performance metrics and changes to distribution strategies to make informed decisions about their financial futures.