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About Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG)
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) is a non-diversified, closed-end management investment company that aims to deliver both capital appreciation and income for its shareholders. The fund operates under the thematic investment strategy of 'Next Generation Connectivity,' targeting companies that are driving advancements in connectivity technologies and infrastructure. This includes sectors such as telecommunications, cloud computing, Internet of Things (IoT), 5G, and related industries that enable the seamless transfer of data and information in a connected world.
Investment Strategy and Objectives
NBXG's investment strategy is designed to capitalize on the transformative potential of connectivity technologies. Under normal market conditions, the fund allocates at least 80% of its total assets to equity securities of U.S. and international companies. These companies span various market capitalizations and are identified as 'NextGen Companies'—entities poised to benefit from or drive innovation in connectivity-related technologies. This thematic approach allows NBXG to focus on high-growth opportunities while maintaining diversification across geographies and industries.
Revenue Generation and Fund Structure
As a closed-end fund, NBXG generates revenue primarily through its investments in equity securities. The fund's income stems from dividends, capital gains, and other investment returns, which are distributed to shareholders in the form of regular dividends. NBXG follows a level distribution policy, aiming to provide consistent monthly payouts to its shareholders, subject to market conditions and the fund's financial performance.
Operational Backing by Neuberger Berman
NBXG is managed by Neuberger Berman Investment Advisers LLC, a globally recognized, employee-owned investment management firm founded in 1939. With over 2,800 employees across 26 countries and a strong emphasis on active management and fundamental research, Neuberger Berman brings decades of expertise to the management of NBXG. The firm's commitment to delivering compelling investment results and its long-standing reputation in the financial industry enhance the credibility and operational efficiency of the fund.
Market Context and Competitive Positioning
NBXG operates within the broader context of thematic investment funds, which have gained popularity due to their focus on emerging trends and growth opportunities. The fund's emphasis on connectivity technologies positions it at the intersection of several high-growth sectors, including technology, telecommunications, and infrastructure. While it faces competition from other thematic funds and ETFs, NBXG differentiates itself through its active management approach and its alignment with Neuberger Berman's investment philosophy, which prioritizes engaged ownership and long-term value creation.
Challenges and Opportunities
NBXG faces challenges such as market volatility, competition from other investment vehicles, and the need to adapt to rapid technological advancements. However, its thematic focus on connectivity technologies provides significant growth opportunities, as these sectors are expected to play a critical role in shaping the future of global communication and data transfer. By leveraging Neuberger Berman's research capabilities and investment expertise, NBXG is well-positioned to navigate these challenges and capitalize on emerging trends.
Conclusion
Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) represents a unique investment opportunity for those seeking exposure to the transformative potential of connectivity technologies. Backed by the expertise and reputation of Neuberger Berman, the fund combines a thematic investment approach with active management to deliver long-term value for its shareholders. Its focus on high-growth sectors and commitment to consistent income generation make it a compelling choice within the thematic investment landscape.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a $0.10 distribution per share of common stock, payable on March 31, 2023, with a record date of March 15, 2023, and an ex-date of March 14, 2023. This monthly distribution, subject to market conditions, aims to provide regular returns based on the fund's income, capital gains, and operational expenses. The fund's ability to sustain this distribution is contingent on income stability and management of fees. Future distributions may include net investment income, capital gains, or return of capital.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share, payable on February 28, 2023. The record date for this distribution is February 15, 2023, with the ex-dividend date set for February 14, 2023. This distribution aligns with the Fund's level distribution policy, which aims to provide consistent monthly payouts, subject to market conditions. The Fund's ability to maintain this rate hinges on various factors, including investment income stability and associated fund expenses. Future distributions may comprise net investment income, realized capital gains, and return of capital.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) announced a conference call scheduled for January 23, 2023, at 4:00 PM Eastern Time. Fund Portfolio Manager Hari Ramanan will lead the call, discussing the Fund's investment strategy and providing insights into next-generation connectivity investment opportunities. Investors can submit questions via email until January 23 at 2:00 PM Eastern. Details for joining the call will be available on the Neuberger Berman website. The Fund aims for capital appreciation and income, though it operates as a non-diversified closed-end management company with inherent investment risks.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share, payable on December 30, 2022. The record date is December 15, 2022, with an ex-date of December 14, 2022. The Fund expects to maintain this distribution under its policy, contingent on factors like income stability and capital gains. The distributions may consist of net investment income, capital gains, and return of capital. Full tax characteristics will be determined after the 2022 fiscal year-end.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) declared a monthly distribution of $0.10 per share, payable on November 30, 2022. The record date is November 15, 2022 and the ex-date is November 14, 2022. The Fund, maintaining a level distribution policy, anticipates making regular monthly distributions, subject to income stability and market conditions. Future distributions may include net investment income, capital gains, and return of capital. Final tax characteristics of the 2022 distributions will be determined after year-end.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) will host a conference call on October 25, 2022, at 4:00 PM Eastern. Fund Portfolio Manager Hari Ramanan and his team will discuss the Fund's investment process and offer insights on next-generation connectivity opportunities. Questions for the call can be submitted until October 24, 2022, at 8:00 PM Eastern. The Fund aims for capital appreciation and income but warns that shares may trade at a discount to net asset value. A replay will be available on the Neuberger Berman website.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) has declared a monthly distribution of $0.10 per share, payable on October 31, 2022. The record date is set for October 17, 2022, and the ex-date is October 14, 2022. This distribution is part of the Fund's level distribution policy, which aims to maintain regular monthly payments, subject to market conditions. Future distributions may include components of net investment income, capital gains, and return of capital. The specific tax characteristics of all distributions for 2022 will be determined after the year-end.
Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) declared a monthly distribution of $0.10 per common share, payable on September 30, 2022. The record date is September 15, 2022, and the ex-date is September 14, 2022. The Fund plans to maintain a level distribution policy, anticipating regular monthly distributions. Factors such as income stability and capital gains will influence its ability to sustain this rate. Future distributions may consist of net investment income, capital gains, and return of capital, with tax characteristics determined at year-end.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) has declared a monthly distribution of $0.10 per share of common stock. This payment is scheduled for August 31, 2022, with a record date of August 15, 2022 and an ex-date of August 12, 2022. The fund aims to make regular monthly distributions, subject to market conditions. Future distributions may consist of net investment income, net realized capital gains, and return of capital. The exact source of the distributions for 2022 will only be confirmed after year-end.
Neuberger Berman Next Generation Connectivity Fund (NBXG) will host a conference call on July 25, 2022, at 4:00 PM ET. Fund Portfolio Manager Hari Ramanan and his team will discuss the Fund's investment approach and insights into evolving connectivity investment opportunities. Investors can submit questions until July 22, 2022, at 8:00 PM ET. Details, including the Zoom link, will be shared on the Neuberger Berman website. The Fund aims for capital appreciation and income, managing $447 billion in assets as of March 31, 2022.
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