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 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.
Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) has announced a monthly distribution of $0.10 per share of common stock payable on May 31, 2024. The Fund aims to maintain stable distributions through a mix of income sources, including net investment income, capital gains, and return of capital. However, there is no guarantee of a specific distribution amount or composition in the future.
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