Neuberger Next Generation Connectivity Fund Increases Monthly Distribution Rate
The Neuberger Next Generation Connectivity Fund Inc. (NYSE: NBXG) has increased its monthly distribution rate from $0.12 to $0.132 per share, a 10% increase. This adjustment aims to support secondary market trading and reduce the discount of shares relative to net asset value while enhancing shareholder returns. The new distribution will be paid on October 30, 2026, with record and ex-dates set for October 15, 2026. The annualized rate is now $1.584 per share compared to the previous $1.44. This represents a yield of approximately 10.17% based on market price and 8.77% relative to net asset value as of September 29, 2026. The Fund's managed distribution policy anticipates regular monthly distributions at this new rate unless changed due to market conditions or other factors affecting income stability.
