Neuberger Berman Connectivity Fund Declares Monthly Dividend

Neuberger Berman Next Generation Connectivity Fund Announces Monthly Distribution

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of its common stock. This initiative reflects the Fund's commitment to providing regular returns to its investors, contributing positively to investor confidence and market presence. Stakeholders will appreciate the steady income stream as the Fund positions itself in the ever-evolving connectivity sector.

Understanding the Distribution Details

This monthly distribution, announced recently, is part of the Fund's level distribution policy. The goal is to maintain a stable dividend amount for investors, subject to market conditions. Current projections indicate that the Fund will continue to distribute $0.10 per share unless any adjustments occur based on an evolving economic landscape. Investors should be mindful that the distribution's sustainability depends on several factors, including investment income stability and capital growth potential.

Financial Sustainability of the Fund

The Fund's ability to sustain its monthly distributions hinges on various considerations, which include the overall income generated from its investments and the management of expenses incurred. Investors can take comfort in the fact that the Fund actively manages a broad portfolio that includes equities and fixed income.

Components of the Distribution

To maintain the planned distribution, it’s essential to note that the announced amounts may include different types of income. These could be derived from net investment income, realized capital gains, and return of capital. This mixed approach to distribution could have implications for the tax responsibilities of investors, particularly for the reported year-end summaries.

Compliance with Investment Regulations

As part of its obligations under Section 19 of the Investment Company Act of 1940, the Fund will provide necessary notifications regarding distributions that are not exclusively from net investment income. Such notifications will aid investors in understanding the components of their returns, specifically differentiating between accrued income and capital gains distributions, ensuring clarity and transparency.

About Neuberger Berman

Established in 1939, Neuberger Berman is recognized for its employee-owned structure and commitment to providing investment management solutions. With over 2,800 employees across 26 countries, the firm oversees assets amounting to $481 billion in diverse portfolios that encompass equities, fixed income, private equity, hedge funds, and real estate. Their investment philosophy emphasizes active management supported by extensive research and proactive ownership strategies.

Commitment to Social Responsibility

Neuberger Berman's excellence has not gone unnoticed, as it has achieved recognition from the Principles for Responsible Investment (PRI), joining the prestigious Leader's Group. This designation is awarded to top-tier firms demonstrating outstanding practices in environmental, social, and governance criteria, underlining the company’s dedication to sustainable investing practices. Moreover, for the past decade, Pensions & Investments has recognized Neuberger Berman as among the best workplaces in asset management.

Investor Relations Contacts

If you have any inquiries or require further information, Neuberger Berman Investment Advisers LLC remains available for assistance. Interested investors can get in touch through Investor Information at (877) 461-1899. This line is instrumental for addressing any concerns regarding the distribution and overall fund management.

Frequently Asked Questions

What is the monthly distribution amount for the fund?

The Neuberger Berman Next Generation Connectivity Fund has declared a monthly distribution of $0.10 per share of common stock.

How does the fund determine its distribution policy?

The fund maintains a level distribution policy responsible for ensuring consistent payouts, subject to prevailing market conditions and investment performance.

What factors affect the sustainability of the fund's distributions?

Factors impacting distribution sustainability include income stability from investments, capital gains, and the management of fund fees and expenses.

Are distributions solely based on net investment income?

No, distributions may consist of net investment income, capital gains, and return of capital. Details are communicated to investors as required.

How can investors contact Neuberger Berman for more information?

Investors can reach out to Neuberger Berman Investment Advisers LLC by calling (877) 461-1899 for any inquiries or further assistance.

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