#United States #New York #NBXG #Connectivity Fund #Neuberger Fund

Neuberger Next Generation Connectivity Fund Increases Distribution Rate

On September 30, 2026, the Neuberger Next Generation Connectivity Fund Inc., traded under the symbol NBXG on the NYSE, announced a significant increase in its monthly distribution rate. The Board of Directors approved a rise to $0.132 per share from the previous $0.12, marking a 10% boost intended to support trading activity in the secondary market for the Fund’s shares.

This adjustment reflects the Fund's strategic intent to enhance shareholder value and potentially minimize any discounts associated with the trading of its common stock compared to its net asset value. The announcement not only outlines the increased distribution rate but also confirms the next distribution is scheduled for October 30, 2026, with a record date of October 15, 2026. Investors should be aware that the ex-date is also set for October 15, 2026.

The latest distribution rate translates to an annualized figure of $1.584 per share, as compared to the earlier amount of $1.44. This boost results in an annualized distribution rate of approximately 10.17% based on the Fund’s market price and 8.77% based on its net asset value as of September 29, 2026. This decision supports the Fund’s managed distribution policy, which anticipates regular monthly distributions under varying market conditions.

However, it is essential to note that the ability to maintain this distribution level depends on several factors. These include the stability and level of income generated from its investments, availability of capital gains, and the overall fund expenses. Future distributions may consist of returns from net investment income, realized capital gains, and could potentially include a return of capital to maintain stable payouts.

As stipulated by the Investment Company Act of 1940, the Fund is required to notify investors if any given distribution does not consist entirely of net investment income. Such notices will serve an informational role and will detail the estimated portions comprised of net investment income, capital gains, and any return of capital. The final classification and tax implications of all distributions will be clarified after the conclusion of the year.

About Neuberger

Founded in 1939, Neuberger is an employee-owned, independent investment management firm. With a global presence in 26 countries and approximately 3,000 employees, the company manages a total of $613 billion across various asset classes, including equities, fixed income, and real estate.

Neuberger's investment philosophy is built on the principles of active management and thorough fundamental research. The firm has a long-standing commitment to its clients and employees, which is evident in its accolades, such as being recognized as the Best Asset Manager for Institutional Investors in the United States and the #1 Best Place to Work in Money Management according to Pensions & Investments.

For further details about Neuberger and its offerings, interested parties can visit www.nb.com.

This recent decision by the Neuberger Next Generation Connectivity Fund highlights the firm’s ongoing dedication to investor interests and maintaining strong market performance, although potential risks remain as market dynamics evolve. Investors should stay informed about upcoming distributions and market conditions that may affect their investment strategies.