Welcome to our dedicated page for Neuberger Berman Next Generation Connectivity Fund news (Ticker: NBXG), a resource for investors and traders seeking the latest updates and insights on Neuberger Berman Next Generation Connectivity Fund stock.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) is a non-diversified, closed-end management investment company. The Fund's primary goal is to achieve capital appreciation and income through strategic investments in the connectivity sector. With a focus on next-generation connectivity technologies, the Fund seeks to tap into growth opportunities in areas such as telecommunications, 5G, and other advanced infrastructure projects.
Neuberger Berman, the investment manager behind NBXG, was founded in 1939. It is a private, employee-owned firm with a global presence, operating out of 31 cities worldwide. The firm manages a broad spectrum of investment strategies including equity, fixed income, quantitative and multi-asset class, private equity, real estate, and hedge funds. Neuberger Berman serves a diverse clientele that ranges from institutions to individual investors.
Among its recent achievements, NBXG has declared several consistent monthly distributions of $0.10 per share of common stock. The Fund's ability to maintain these distributions is contingent upon various factors including the income generated from its investments, capital gains, and overall expenses. Furthermore, in compliance with Section 19 of the Investment Company Act of 1940, the Fund provides notices for distributions that may include net investment income, capital gains, and return of capital, ensuring transparency for investors.
Neuberger Berman is renowned for its robust investment philosophy based on active management, engaged ownership, and fundamental research. The firm is a recognized leader in environmental, social, and governance (ESG) practices, and has been acknowledged by the United Nations Principles for Responsible Investment (PRI) as a PRI Leader—an honor bestowed to less than 1% of investment firms. As of December 31, 2023, Neuberger Berman manages $474 billion in client assets and continues to earn top rankings in the Pensions & Investments 'Best Places to Work in Money Management' survey.
The Fund's consistent performance and Neuberger Berman's strong reputation as a leading investment manager make NBXG a compelling option for investors seeking exposure to the evolving connectivity sector. For further inquiries or detailed information, Neuberger Berman can be contacted directly through their investor information line.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock, payable on December 31, 2024, with a record and ex-date of December 16, 2024. The Fund maintains a level distribution policy targeting monthly distributions of $0.10 per share, subject to market conditions. Distributions may include net investment income, capital gains, and return of capital. The Fund's ability to maintain this rate depends on factors like investment income stability, capital gains availability, and expense levels.
Neuberger Berman Next Generation Connectivity Fund has declared a monthly distribution of $0.10 per share of common stock, payable on November 29, 2024, with a record and ex-date of November 15, 2024. The Fund maintains a level distribution policy, aiming to make regular monthly distributions subject to market conditions. The distribution may include net investment income, capital gains, and return of capital. The Fund's ability to maintain this rate depends on factors like investment income stability, capital gains availability, and expense levels.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock. The distribution is payable on October 31, 2024, with a record date and ex-date of October 15, 2024. The Fund maintains a level distribution policy, aiming to make regular monthly distributions of $0.10 per share, subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors such as income stability from investments, availability of capital gains, and Fund expenses. Distributions may include net investment income, net realized capital gains, and return of capital. A notice will be provided for any distribution not consisting solely of net investment income, as per Section 19 of the Investment Company Act of 1940. The final determination of the distribution's source and tax characteristics will be made after the end of 2024.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock. The distribution is payable on September 30, 2024, with a record date and ex-date of September 16, 2024. This aligns with the Fund's level distribution policy, which aims to make regular monthly distributions subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors such as income stability from investments, availability of capital gains, and Fund expenses. While the Fund strives to maintain consistent distributions, there's no guarantee of a particular amount or that distributions will solely consist of net investment income. Future distributions may include net investment income, realized capital gains, and return of capital.
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) and Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) have announced the certified results of their 2024 Annual Meetings of Stockholders. The meetings, held on August 16, 2024, reached quorum and faced a challenge from a dissident stockholder who proposed an alternative nominee. For NBH, preferred stockholders re-elected Michael M. Knetter. The final results, certified by independent Inspector of Election First Coast Results, Inc., confirm that the incumbent Board members of both funds will retain their positions. These results will be included in the funds' next annual report to stockholders.
Saba Capital Management, L.P., the largest shareholder of Neuberger Berman Municipal Fund (NBH) and Neuberger Berman Next Generation Connectivity Fund (NBXG), has criticized the 2024 Joint Annual Meeting election process. Despite shareholders overwhelmingly voting for Saba's director candidate, Paul Kazarian, Neuberger Berman's majority vote standard prevented his appointment. At NBXG, Kazarian received more than twice the votes of incumbent directors, even without Saba's votes.
Saba argues that Neuberger Berman's impossible-to-achieve vote standard allows underperforming directors to retain their positions indefinitely. The company is fighting against proposals by fund managers to eliminate shareholders' right to annual elections. Saba emphasizes the importance of protecting shareholder rights and ensuring their voices are heard in closed-end fund governance.
ISS has recommended shareholders of Neuberger Berman Municipal Fund (NBH) and Neuberger Berman Next Generation Connectivity Fund (NBXG) vote for Saba Capital's nominee, Paul Kazarian, to the Funds' Boards at the 2024 Joint Annual Meeting. ISS cited concerns with NBH's governance, performance, and fees, noting its significant NAV discount deterioration and underperformance. For NBXG, ISS highlighted performance issues and the Board's disregard for shareholder will. ISS concluded Saba "has presented a compelling case for change" at both Funds. Saba, the largest shareholder, aims to address persistent trading discounts and prioritize shareholder interests.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock. The distribution is payable on August 30, 2024, with a record date and ex-date of August 15, 2024. The Fund maintains a level distribution policy, aiming to make regular monthly distributions of $0.10 per share, subject to market conditions.
The Fund's ability to maintain this distribution rate depends on factors such as income stability from investments, availability of capital gains, and Fund expenses. Distributions may include net investment income, net realized capital gains, and return of capital. A notice will be provided for any distribution not consisting solely of net investment income, as required by regulations. The final determination of the distribution's tax characteristics will be made after the end of 2024.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) announced a $0.10 per share distribution for July 2024. The distribution is payable on July 31, 2024, with a record date of July 15, 2024, and an ex-date of July 15, 2024. The Fund plans to maintain monthly distributions of $0.10 per share, depending on income stability, capital gains, and expenses. Future distributions may include net investment income, capital gains, and return of capital. Notices will be issued for distributions that include returns of capital, in compliance with the Investment Company Act of 1940. Final tax characteristics of 2024 distributions will be determined after year-end.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock, payable on June 28, 2024. The record date for this distribution is June 17, 2024, with the same date as the ex-date. The Fund's level distribution policy aims for regular monthly distributions of $0.10 per share, contingent on market conditions and other factors such as income stability, capital gains availability, and fees. Future distributions may include net investment income, capital gains, and return of capital. Compliance with Section 19 of the Investment Company Act of 1940 requires a notice for distributions not solely consisting of net investment income, detailing estimated portions of net investment income, capital gains, and return of capital. The final tax characteristics of all 2024 distributions will be determined after year-end.
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