#United States #New York #Neuberger Berman #NBXG #Monthly Distribution

Neuberger Berman Next Generation Connectivity Fund Announces New Distribution

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG), has officially announced an intriguing update regarding its monthly distributions. The fund's management has declared a distribution of $0.10 per share of common stock, which is scheduled to be payable on January 31, 2025. For individuals interested in receiving this payment, the record date is set for January 15, 2025, aligning with the ex-date which is also January 15, 2025.

What does this mean for investors? Established under a consistent level distribution policy, Neuberger Berman's fund aims to maintain such distributions regularly on a monthly basis. However, it is crucial to note that the continuation of this distribution rate hinges on several key factors. These include the stability and volume of income generated from investments, the opportunities for capital gains, and the management of various fund-related fees and expenses.

It's vital for investors to recognize that while the fund strives to maintain its distribution levels, this does not guarantee that each monthly payout will be solely based on net investment income. The forecast for distribution also includes so-called ‘return of capital’ considerations. To provide full transparency, any distributions composed of earnings not solely from net investment income will be clearly flagged in compliance with Section 19 of the Investment Company Act of 1940. This ensures that stakeholders receive notifications that share estimated portions and classifications of the distributions, including net investment income and capital gains if applicable.

Additionally, it’s important to underline that the definitive nature of the source and the tax implications associated with the distributions will only be assessed at the end of the year 2025. Investors should be vigilant about these developments, as fluctuations in the market could significantly influence the fund's performance and, by extension, its distribution capabilities.

About Neuberger Berman

Founded in 1939, Neuberger Berman prides itself on being an employee-owned, independent investment manager with a robust operational footprint, spanning across 26 countries with over 2,800 dedicated employees. The firm manages an impressive portfolio worth approximately $509 billion encompassing equities, fixed income, private equity, real estate, and hedge fund assets. Neuberger Berman is committed to a philosophy characterized by active management and rigorous fundamental analysis.

Additionally, it stands out for its commitment to ethical investing practices, having been identified within the Leaders Group by the Principles for Responsible Investment (PRI), an accolade that fewer than 1% of investment firms achieve. Furthermore, for the past decade, Neuberger Berman has consistently been ranked among the top two Best Places to Work in Money Management, particularly standing out for firms with over 1,000 employees, as recognized by Pensions & Investments.

In conclusion, Neuberger Berman Next Generation Connectivity Fund's announcement on monthly distributions showcases the fund's commitment to providing its investors with regular income opportunities. However, potential investors and current stakeholders need to remain informed about market variables that may affect future distributions. With these updates, Neuberger Berman underscores its dedication not just to profitability but to responsible investment efforts as well.