Monthly Distribution Announcement for Neuberger Berman Fund
Monthly Distribution Announcement
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has revealed its latest distribution for shareholders, declaring a monthly payment of $0.10 per common share. This announcement highlights the Fund's commitment to provide consistent returns to its investors.
Distribution Details
The distribution, set for payment on March 31, 2025, will be recorded officially on March 17, 2025. The ex-date, which is crucial for investors, is also March 17, meaning that anyone purchasing shares after this date will not be eligible for this particular distribution.
Stability in Distribution
Under its level distribution policy, Neuberger Berman anticipates maintaining this regular payment of $0.10 per share, subject to market conditions. Maintaining this distribution is dependent on various factors including the income streams and capital gains generated from its investments, as well as overall operational costs.
Nature of Distributions
The Fund strives to offer stability in its distribution amounts; thus, future distributions may be composed of net investment income, realized capital gains, and possible returns of capital. Investors can expect that notifications will be issued for distributions not strictly from net investment income to keep shareholders informed.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a well-established, employee-owned investment management firm that operates independently. With over 2,800 employees across 26 countries, the firm boasts substantial assets under management totaling $508 billion, spanning equities, fixed income, private equity, real estate, and hedge fund portfolios.
Investment Philosophy
The investment philosophy of Neuberger Berman relies heavily on active management, unwavering fundamental research, and engaged ownership principles. Their strong leadership in stewardship and sustainable investing highlights their commitment to responsible investing and is recognized widely in the finance community.
Commitment to Investors
Neuberger Berman has received accolades from Pensions & Investments as a top employer in money management, reflecting its efforts to create a supportive and fulfilling work environment, especially for large firms with over a thousand employees. This speaks volumes about how the company values its workforce and its drive toward excellence.
Contact Information
For more information, investors can reach out to Neuberger Berman Investment Advisers LLC. Their dedicated investor information line is (877) 461-1899, ensuring that investor inquiries are met with prompt and professional responses.
Frequently Asked Questions
What is the amount of the declared distribution?
The declared distribution amount is $0.10 per share of common stock.
When will the distribution be paid?
The distribution is scheduled to be paid on March 31, 2025.
What is the record date for the distribution?
The record date for this distribution is March 17, 2025.
How does Neuberger Berman determine its distribution rates?
The distribution rates are determined based on income received, capital gains, and the Fund's operating expenses.
How can investors contact Neuberger Berman for more information?
Investors can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for inquiries related to their investments.
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