Neuberger Berman Next Generation Connectivity Fund Announces Monthly Distribution

NEW YORK, Jan. 31, 2025 /PRNewswire/ -- The Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) has declared a distribution of $0.10 per share for its common stock. This amount will be payable on February 28, 2025, with a record date of February 18, 2025, and the ex-date also set for February 18, 2025.

The Fund follows a level distribution policy and plans to provide regular monthly distributions of $0.10 per share of common stock, unless market conditions lead to a necessary adjustment. The capability to sustain this distribution level is contingent upon various factors, including the amount and consistency of income generated from investments, possible capital gains, and the Fund's overall fees and expenses. Hence, there is no guarantee that the Fund will always be able to maintain these distributions or that they will consist solely of net investment income.

In an effort to provide a stable distribution, the declared distribution, as well as any future distributions, may comprise net investment income, net realized capital gains, and return of capital. According to Section 19 of the Investment Company Act of 1940, should any distribution not consist solely of net investment income, a notice will be issued for informational purposes. This notice will include, among other details, the estimated portions of the distribution attributed to net investment income, capital gains, and return of capital. The exact nature and tax implications of all distributions made in 2025 will be determined at the end of the fiscal year.

About Neuberger Berman

Founded in 1939, Neuberger Berman is an independent investment management firm that is employee-owned, boasting a workforce of over 2,800 members across 26 countries. As of December 31, 2024, the firm manages assets totaling $508 billion across various sectors such as equities, fixed income, private equity, real estate, and hedge fund portfolios. Neuberger Berman's investment approach is grounded in active management, fundamental research, and engaged ownership. The firm's commitment to sustainability and stewardship has earned it recognition from the Principles for Responsible Investment (PRI). Moreover, Neuberger Berman has consistently been named by Pensions & Investments as one of the top two best workplaces in money management over the last decade.

Future Outlook

Statements in this announcement regarding future performance carry inherent risks and uncertainties. These include, but are not limited to, negative impacts from declines in market performance, the overall economy, competition from other investment firms, regulatory changes, challenges in retaining key personnel within the Fund's investment advisory team, and any unforeseen legal or regulatory processes.

For more information, interested parties can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899.

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