Neuberger Berman Connectivity Fund Announces Monthly Distribution and Garnered 5-Star Morningstar Rating Recognition

Neuberger Berman Next Generation Connectivity Fund Update

On June 30, 2025, Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) announced a notable development for its investors: a distribution declaration of $0.10 per share. This monthly distribution is scheduled to be payable on July 31, 2025, with a record date of July 15, 2025, coinciding with the ex-date of the same day.

In addition to this distribution announcement, the Fund received a prestigious 5-star Overall Morningstar Rating™ for its impressive performance over three years, placing it in the top tier among U.S. Closed-End Technology investments as of May 31, 2025. This underscores the fund's effective management and investment strategies.

Neuberger Berman has crafted a level distribution policy, allowing for regular monthly dividends, which are influenced by market conditions. While the Fund currently anticipates a steady distribution of $0.10 per share, it notes that the ability to maintain this rate relies heavily on various factors. These include the stability and amount of income generated from investments, the availability of capital gains, and the overall management of fund fees and expenses.

It's important for investors to understand that the announced distributions can sometimes comprise net investment income, realized capital gains, and may even include a return of capital. This follows regulatory requirements under the Investment Company Act of 1940, where any distribution not solely based on net investment income would be communicated through appropriate notices. Such notices would offer detailed breakdowns of each distribution's components, although they are not for tax reporting purposes.

The final classifications for all distributions made in 2025 will be finalized after year-end, providing transparency to investors regarding the sources and tax implications of their returns.

About Neuberger Berman

Founded in 1939, Neuberger Berman is an employee-owned private investment management firm with a global presence. It employs over 2,800 professionals across 26 countries, managing approximately $515 billion across equities, fixed income, private equity, real estate, and hedge fund strategies for institutional clients and individual investors. The firm distinguishes itself through an investment philosophy centered on active management, rigorous research, and engagement in ownership.

Neuberger Berman's renowned work environment has earned accolades, being recognized as either the #1 or #2 Best Place to Work in Money Management consecutively for eleven years by Pensions & Investments, specifically for firms with over 1,000 employees. More information is available at www.nb.com.

As part of its investor communication, Neuberger Berman also cautions that future projections come with inherent risks. Potential adverse factors include market fluctuations, changes in economic conditions, and regulatory policies, which could impact fund performance and its distribution capabilities.

Additionally, the highly regarded Morningstar Rating™ system evaluates funds based on their risk-adjusted returns, rewarding investment consistency. The top 10% of funds in each category receive five stars, highlighting the exceptional performance of Neuberger Berman's fund in the competitive landscape of closed-end investment companies.

For more detailed updates and insights, investors are encouraged to stay connected with Neuberger Berman's investor relations.