Neuberger Next Generation Connectivity Fund Inc. (NYSE:NBXG) issued a Section 19(a) notice on October 30, 2026, disclosing the estimated sources of its October 2026 managed distribution of $0.132 per share of common stock.

Key Highlights

  • Distribution amount: $0.132 per share of common stock, payable October 30, 2026, to stockholders of record as of October 15, 2026.
  • Primary source: Net realized long-term capital gains accounted for $0.1267 per share, or 96.0% of the October 2026 distribution, according to the filing.
  • Return of capital component: $0.0053 per share, representing 4.0% of the current distribution, was attributed to return of capital or other capital sources.
  • Fiscal year-to-date cumulative distributions: $1.4520 per share for the period November 1, 2025 through October 31, 2026, the Fund's full fiscal year.
  • Five-year average annual total return on NAV: 8.41% for the period ending September 30, 2026, as reported in the filing.
  • Cumulative total return on NAV: 13.78% from November 1, 2025 through September 30, 2026, per the distribution rate and performance table.
  • Annualized distribution rate: 7.97% as a percentage of NAV as of September 30, 2026, with fiscal year-to-date cumulative distributions equal to 7.31% of that same NAV.

October 2026 Distribution Sources and Fund Performance for NBXG

Neuberger Next Generation Connectivity Fund Inc., a closed-end fund trading on the NYSE under the symbol NBXG, disclosed the estimated composition of its October 2026 distribution under the requirements of Section 19 of the Investment Company Act of 1940. The Fund operates under a managed distribution policy, approved by its Board of Directors, that provides for monthly cash distributions at a fixed per-share amount to common stockholders. According to the filing, the Board retains the ability to terminate or change that policy at any time.

For the October 2026 distribution, the filing reported that net investment income and net realized short-term capital gains each contributed $0.0000 per share, while net realized long-term capital gains contributed $0.1267 per share (96.0%) and return of capital or other capital sources contributed $0.0053 per share (4.0%). On a fiscal year-to-date basis covering November 1, 2025 through October 31, 2026, long-term capital gains represented $1.1593 per share (79.8%) of the $1.4520 cumulative total, with return of capital or other capital sources comprising the remaining $0.2927 per share (20.2%).

The filing included a prominent disclosure stating: "The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital." The notice further clarified that the amounts and sources are estimates only, are not provided for tax reporting purposes, and that final figures will depend on the Fund's investment experience through the end of its fiscal year. Stockholders were advised that a Form 1099-DIV will be issued for the calendar year to assist with federal income tax reporting.

What Was Disclosed

The Fund filed a Section 19(a) notice disclosing estimated sources of its $0.132 per share October 2026 distribution, fiscal year-to-date cumulative distributions of $1.4520 per share, and NAV-based performance data as of September 30, 2026. All figures are estimates subject to change.