- Neuberger Berman Next Generation Connectivity Fund (NBXG, Financial) declares a $0.10 per share monthly distribution.
- NBXG receives a prestigious 5-star Overall Morningstar Rating™ for both overall and 3-year performance in the U.S. Closed-End Technology category.
- The fund's ability to maintain distribution is dependent on investment income stability and market conditions.
Neuberger Berman Next Generation Connectivity Fund (NBXG) has announced a monthly distribution of $0.10 per share of common stock. This distribution is scheduled to be payable on July 31, 2025, with both the record date and the ex-date set for July 15, 2025.
Highlighting its exceptional performance, NBXG has achieved a 5-star Overall Morningstar Rating™. This prestigious rating also extends to its 3-year performance within the U.S. Closed-End Technology category, where only five peer funds were considered. Such a high rating underscores NBXG's superior risk-adjusted returns compared to its limited category peers.
The fund operates under a level distribution policy, aiming to provide regular monthly distributions of $0.10 per share, though actual distribution amounts remain subject to market conditions. It's important to note that distributions may include net investment income, capital gains, and potentially, a return of capital. This transparency around the sources of distributions highlights the fund's commitment to providing clear financial communication to investors.
Investors should be aware that the sustainability of NBXG's distribution rate relies on several factors, including the stability of investment income, the availability of capital gains, and the fund's expenses. This cautious approach combined with its top-tier performance ratings reflects disciplined management and solid fund practices.
