Neuberger Berman Connects Investors with New Distribution Rate
Neuberger Berman Next Generation Connectivity Fund Boosts Distribution Rate
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) recently announced an increase in its monthly distribution rate, elevating it to $0.12 per share of common stock from the previous $0.10 per share. This change marks a significant enhancement of approximately 20%, showcasing the Fund's commitment to providing value to its investors.
Details of the Monthly Distribution Announcement
This new monthly distribution rate translates into an annualized distribution of $1.44, up from the prior $1.20. It corresponds to a distribution rate of about 9.49% based on the Fund's market price and approximately 8.44% of its net asset value, as of September 26.
Regular Distribution Expectations
According to the Fund’s level distribution policy, regular distributions of $0.12 per share are anticipated, reflecting market conditions. However, market fluctuations may affect this amount. Factors influencing the distribution rate include the stability of income resulting from investments, availability for capital gains, and the overall fees and expenses associated with the Fund.
Components of the Distribution
The distribution announced, along with those in the future, may not solely arise from net investment income. They could consist of components like net realized capital gains and return of capital. To keep investors informed, any distribution that does not consist entirely of net investment income will be accompanied by a notice, detailing estimates of each component for informational purposes without tax reporting implications.
About Neuberger Berman
Founded in 1939, Neuberger Berman is an independent, employee-owned investment management firm with a global presence, encompassing over 2,800 employees across 26 countries. The firm manages approximately $538 billion in various asset classes, including equities, fixed income, private equity, real estate, and hedge funds for a diverse range of clients, from individuals to large institutions.
The investment strategy at Neuberger Berman is deeply rooted in active management, thorough fundamental research, and proactive ownership engagement. Recognized for its excellence, the firm has repeatedly been named one of the top places to work in money management by Pensions & Investments over the last decade. For more information, visit www.nb.com.
Contact Information
For further inquiries, investors can reach out to Neuberger Berman Investment Advisers LLC at (877) 461-1899. The firm is dedicated to providing thorough support and assistance to its investors.
Frequently Asked Questions
What is the new distribution rate for the Neuberger Berman Fund?
The Fund has increased its monthly distribution rate to $0.12 per share.
How does this rate compare to the previous one?
This new rate represents an increase from the prior rate of $0.10 per share.
Is this distribution rate guaranteed?
While the Fund aims to maintain this distribution, there are various factors that may influence its ability to do so.
What components may contribute to the monthly distribution?
The distribution may consist of net investment income, net realized capital gains, and return of capital.
Who can I contact for more information about the Fund?
Investors can contact Neuberger Berman Investment Advisers LLC at (877) 461-1899 for further details.
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