Neuberger Berman Next Generation Connectivity Fund
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NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION
Prnewswire· 2025-09-29 11:45
Core Points - Neuberger Berman Next Generation Connectivity Fund Inc. has increased its monthly distribution rate to $0.12 per share from $0.10, marking a 20% increase [1] - The new monthly distribution rate translates to an annualized distribution of $1.44 per share, compared to the previous $1.20, resulting in a distribution rate of approximately 9.49% of the Fund's market price and 8.44% of its net asset value as of September 26, 2025 [2] - The Fund plans to maintain this distribution rate of $0.12 per share, subject to market conditions, but its ability to do so will depend on various factors including income stability and capital gains [3][4] Distribution Details - The next monthly distribution at the new rate is payable on October 31, 2025, with a record date of October 15, 2025, and an ex-date of October 15, 2025 [1] - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with notifications provided for any distributions not solely consisting of net investment income [4] Company Overview - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [5] - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5]
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION
Prnewswire· 2025-07-31 20:30
Core Viewpoint - Neuberger Berman Next Generation Connectivity Fund Inc. has declared a distribution of $0.10 per share, payable on August 29, 2025, with a record and ex-date of August 15, 2025 [1] Distribution Policy - The Fund plans to maintain regular monthly distributions of $0.10 per share, subject to market conditions, but there is no guarantee of this amount being maintained [2] - Future distributions may include net investment income, net realized capital gains, and return of capital, with notifications provided for any distributions not solely consisting of net investment income [3] Company Overview - Neuberger Berman is an employee-owned investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [4] - The firm has over 2,800 employees in 26 countries and has been recognized as one of the best places to work in money management for eleven consecutive years [4]