Neuberger Berman Next Generation Connectivity Fund Offers Monthly Distribution Announcement

Neuberger Berman Next Generation Connectivity Fund Monthly Update



On April 30, 2025, Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) made an important announcement for its investors. The Fund has declared a monthly distribution of $0.10 per share of its common stock, payable on May 30, 2025. This declaration marks part of the Fund's ongoing efforts to provide consistent returns to its shareholders amid varying market conditions.

Distribution Details


The highlights of this distribution include:
  • - Amount: $0.10 per share
  • - Record Date: May 15, 2025
  • - Ex-Date: May 15, 2025

The Fund operates under a level distribution policy, implying that it aims to pay regular monthly distributions, which are subject to the prevailing market conditions. The continuity of this distribution rate is inherently linked to several critical factors, including the income stability from its investments, capital gains availability, and overall fees and expenses incurred by the Fund.

It is important to note that although the Fund is committed to its current distribution rate, there is no guarantee that it will consistently manage to pay a distribution of this amount or that the payment will derive solely from net investment income.

Stability and Sources of Distribution


To retain a steady distribution figure, the announced amount, along with upcoming distributions, may comprise various components, including net investment income, net realized capital gains, and return of capital. According to Section 19 of the Investment Company Act of 1940, if a distribution does not consist solely of net investment income, a notification will be communicated to investors. Such notices are for informational purposes only and not intended for tax reporting, detailing the estimated portions comprising net investment income, capital gains, and return of capital.

The precise determination of the source and tax characteristics of all distributions for the year 2025 will be finalized post-year-end, emphasizing the Fund’s commitment to transparency and adherence to regulatory practices.

About Neuberger Berman


Founded in 1939, Neuberger Berman is an independent investment management firm wholly owned by its employees. With over 2,800 team members operating across 26 countries, the firm manages a whopping $515 billion in assets, encompassing equities, fixed income, private equity, real estate, and hedge funds. Neuberger Berman prides itself on its active management philosophy, grounded in diligent research and proactive ownership, making it a sought-after employer in the financial sector, having been recognized as the #1 or #2 Best Place to Work in Money Management for eleven consecutive years by Pensions & Investments.

For investors looking to navigate the complexities of the financial landscape, staying updated with funds like Neuberger Berman Next Generation Connectivity Fund could provide valuable insights and potential for returns.

Conclusion


In conclusion, the Neuberger Berman Next Generation Connectivity Fund's monthly distribution announcement highlights its commitment to providing regular returns to shareholders amidst market fluctuations. While the Fund maintains a focus on a stable distribution policy, investors should remain aware of the influences that could affect future distributions. Staying informed and connected with financial experts at Neuberger Berman could be a prudent step for those engaged in investment activities. For further details, visit www.nb.com.

Topics Financial Services & Investing)

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