NEW
YORK, April 28, 2023 /PRNewswire/ -- Neuberger
Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG)
(the "Fund") has announced a distribution declaration of
$0.10 per share of common stock. The
distribution announced today is payable on May 31, 2023, has a
record date of May 15, 2023 and has
an ex-date of May 12, 2023.
Under its level distribution policy, the Fund anticipates that
it will make regular monthly distributions, subject to market
conditions, of $0.10 per share of
common stock, unless further action is taken to determine another
amount. The Fund's ability to maintain its current distribution
rate will depend on a number of factors, including the amount and
stability of income received from its investments, availability of
capital gains, and the level of other Fund fees and expenses. There
is no assurance that the Fund will always be able to pay a
distribution of any particular amount or that a distribution will
consist of only net investment income.
Due to an effort to maintain a stable distribution amount, the
distribution announced today, as well as future distributions, may
consist of net investment income, net realized capital gains and
return of capital. In compliance with Section 19 of the Investment
Company Act of 1940, as amended, a notice would be provided for any
distribution that does not consist solely of net investment income.
The notice would be for informational purposes and not for tax
reporting purposes, and would disclose, among other things,
estimated portions of the distribution, if any, consisting of net
investment income, capital gains and return of capital. The final
determination of the source and tax characteristics of all
distributions paid in 2023 will be made after the end of the
year.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private,
independent, employee-owned investment manager. The firm manages a
range of strategies—including equity, fixed income, quantitative
and multi-asset class, private equity, real estate and hedge
funds—on behalf of institutions, advisors and individual investors
globally. With offices in 26 countries, Neuberger Berman's diverse
team has over 2,700 professionals. For nine consecutive years, the
company has been named first or second in Pensions &
Investments Best Places to Work in Money Management survey (among
those with 1,000 employees or more). Neuberger Berman is a PRI
Leader, a designation, since last assessed, that was awarded to
fewer than 1% of investment firms for excellence in Environmental,
Social and Governance (ESG) practices. In the 2021 PRI Assessment,
the firm obtained the highest possible scoring for its
overarching approach to ESG investment and stewardship, and
integration across asset classes. The firm manages $436 billion in client assets as of March 31, 2023. For more information, please
visit our website at www.nb.com.
Statements made in this release that look forward
in time involve risks and uncertainties. Such risks and
uncertainties include, without limitation, the adverse effect from
a decline in the securities markets or a decline in the Fund's
performance, a general downturn in the economy, competition from
other closed end investment companies, changes in government policy
or regulation, inability of the Fund's investment adviser to
attract or retain key employees, inability of the Fund to implement
its investment strategy, inability of the Fund to manage rapid
expansion and unforeseen costs and other effects related to legal
proceedings or investigations of governmental and self-regulatory
organizations.
Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899
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SOURCE Neuberger Berman