NEUBERGER NEXT GENERATION CONNECTIVITY FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION
Key Highlights
- ➤Monthly distribution raised to $0.132 per share from $0.12, a 10% increase
- ➤Next $0.132 monthly distribution payable October 30, 2026
- ➤Annualized distribution increased to $1.584 from $1.44
- ➤Distribution rate is approximately 10.17% of market price and 8.77% of NAV
NEUBERGER NEXT GENERATION CONNECTIVITY FUND ANNOUNCES INCREASE IN DISTRIBUTION RATE AND DECLARATION OF NEXT MONTHLY DISTRIBUTION PR Newswire
NEW YORK, Sept. 30, 2026 /PRNewswire/ -- Neuberger Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced an increase in its monthly distribution rate to $0.132 per share of common stock from the prior monthly distribution rate of $0.12 per share, representing a 10% increase. The distribution rate increase approved by the Board is intended to help support secondary market trading in Fund shares, potentially reduce the trading discount of the Fund's common stock relative to its net asset value and enhance stockholder value. The Fund has also declared its next monthly distribution at the new rate, which is payable on October 30, 2026, has a record date of October 15, 2026, and has an ex-date of October 15, 2026.
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