NBXG (Neuberger Next Generation Connectivity Fund) Raises Monthly Distribution 10%

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Neuberger Next Generation Connectivity Fund Inc. (NYSE: NBXG) raised its monthly distribution by 10% on September 30, 2026, increasing the payment to ﹩0.132 per share from ﹩0.12.

The new distribution is payable October 30 to shareholders of record October 15, which is also the ex-dividend date. The annualized amount rises to ﹩1.584 per share from ﹩1.44. Based on September 29 values, the fund said the new rate equaled approximately 10.17% of market price and 8.77% of net asset value.

The board said the increase is intended to support secondary-market trading, potentially narrow the discount to net asset value, and enhance shareholder value. Those are objectives, not assured outcomes.

The higher payment is not evidence of earnings coverage. A separate Section 19(a) notice estimated that NBXG’s September distribution consisted of 92.3% long-term capital gains and 7.7% return of capital, with no net investment income. Those classifications are estimates and may change for tax reporting.

For shareholders, the immediate benefit is a larger monthly cash payment. The trade-off is that maintaining it depends on investment income, realized gains, expenses, and market conditions. The fund expressly said future distributions may include return of capital and are not guaranteed.

Sources

• NBXG distribution increase announcement, September 30, 2026
• NBXG Section 19(a) notice, September 30, 2026

This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.