Neuberger Berman Next Generation Connectivity Fund

NEW YORK , Oct. 31, 2024 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced a distribution declaration of $0.10 per share of common stock. The distribution announced today is payable on November 29, 2024, has a record date of November 15, 2024, and has an ex-date of November 15, 2024.

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

The Neuberger Berman Next Generation Connectivity Fund offers exposure to the tech and communications sectors, with a focus on network connectivity and AI themes. NBXG has shown improved recent performance. The fund's 12%+ discount, activist involvement from Saba Capital, and strong Quant Profitability Grades for top holdings make it attractive.

NBXG: Deep Discount, Attractive Yield On This Technology Fund With A Termination Date

Neuberger Berman Intermediate Municipal Fund Inc

NEW YORK , Aug. 23, 2024 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) and Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) announced today the final certified voting results of both funds' 2024 Annual Meetings of Stockholders (the "Annual Meetings") where a dissident stockholder had proposed a nominee. For NBH, the holders of preferred stock re-elected Michael M.

NEUBERGER BERMAN MUNICIPAL FUND INC. AND NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND INC.

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), the largest shareholder of the Neuberger Berman Municipal Fund (NYSE: NBH) and the Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) (collectively, the “Funds”), today commented on the rigged election Neuberger Berman held at the Funds' 2024 Joint Annual Meeting of Shareholders (the “Annual Meeting”). Based on the preliminary results of the Annual Meeting, shareholde.

Saba Capital Comments on Shareholders' Clear Mandate for Change at Neuberger Berman-Managed Closed-End Funds' 2024 Joint Annual Meeting

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), the largest shareholder of the Neuberger Berman Municipal Fund (NYSE: NBH) and the Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) (collectively, the “Funds”), today announced that Institutional Shareholder Services Inc. (“ISS”) has recommended NBH and NBXG shareholders elect Saba's director candidate, Paul Kazarian, to the Funds' Boards of Directors (the “Boards”).

ISS Supports Saba Capital's Nominee at Neuberger Berman Municipal Fund and Neuberger Berman Next Generation Connectivity Fund

Those who follow my articles probably know how bullish I have been on the Neuberger Berman Next Generation Connectivity Fund Inc over the past year. On the other hand, I've written several articles over the years telling you to sell The Gabelli Multimedia Trust Inc. due to its unwieldy NAV yield that continues to decimate GGT's NAV. Because if you can't reasonably be expected to cover your NAV yield, then you will see continuous NAV erosion resulting in a distribution cut, or in GGT's case, another rights offering.

A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later

Neuberger Berman Next Generation Connectivity Fund Inc went public in May 2021, and had poor performance in 2022. The fund's top ten holdings shifted from high-growth companies with very high valuations to more mainstream larger-cap technology issues by May 31, 2024. Despite poor 3-year performance, recent improvements, activist involvement, and potential discount narrowing make NBXG worth considering for exposure to the tech and communications sectors.

NBXG: A Good Way To Buy Technology At A Discount

General American Investors

abrdn Healthcare Investors 

Kayne Anderson MLP Investment

Royce Value Trust

As contrarians, we search for income stocks that vanilla investors hate. Today there are not many dividend deals left.

5 Cheap Dividend Funds Trading For Pennies On The Dollar

Applied Materials

Advanced Micro Devices

Atlantica Sustainable Infrastructure

First Trust High Income Long/Short Fund

Hess Midstream Partners

KKR Income Opportunities Fund

MPLX

Monolithic Power Systems

Rice Acquisition Corp II

NVIDIA

Sempra Energy

Targa Resources

Taiwan Semiconductor Manufacturing

Tortoise Energy Infrastructure

Williams

Stock #4: Atlantica Sustainable Infrastructure plc (NASDAQ: AY) Yield: 9.79% Shares for $50,000: 2,705 Annual Passive Income: ~$4,895 Headquartered in Brentford, United Kingdom, Atlantica Sustainable Infrastructure Plc is engaged in green energy production, along with operation of electric transmission lines and water desalination.

Want $27,000 In Passive Income? Invest $50,000 In These Dividend Stocks

Neuberger Berman Next Generation Connectivity Fund (NBXG) got off to a rough start, but 2023 and 2024 have been showing much more promise for this fund. NBXG invests primarily in tech companies, which are showing some rich valuations but are also exhibiting expectations for impressive earnings growth. The fund holds private investments and finally saw some revaluations to help with confidence in the fund's actual net asset value.

NBXG: Deep Discount Remains On This Tech-Heavy Fund

The successful debut of Reddit stock last week means the IPO market may finally be thawing out, too. And if that's the case, equity CEFs which include a good chunk of private equity in their portfolios, like BlackRock's BSTZ and BIGZ, should be beneficiaries. But for me, the safest pure play to take advantage of a rebound in IPO's coming to market, would be Neuberger Berman Next Generation Connectivity Fund Inc.

If Risk-On And IPOs Are Back On, NBXG Is A Must Buy

Neuberger Berman Next Generation Connectivity Fund holds a basket of growth-oriented tech stocks. The fund has struggled since its inception due to the poor performance of small cap tech stocks, but it's been improving. The fund's holdings are approaching a decent valuation, and its 20% NAV discount looks juicy.

NBXG: Still A Mixed Bag, But It's Been Improving

Gabelli Dividend & Income Trust

Highland Income Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Did you miss out? Have cash suddenly burning a hole in your pocket?

The 5 Biggest Dividend Bargains Left To Buy Before 2024

Not many people realize it, but there's a way you can actually get paid to own stocks (and I'm not talking about just pennies either!)

This Weird 12.8% Dividend Has Negative Management Fees

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

Pioneer Municipal High Income Opportunities Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

Neuberger Berman Next Generation Connectivity Fund is a technology-based ETF that has been underperforming since its inception. The fund invests in over 70 technology companies, including both publicly traded and privately held companies. The fund writes covered calls against 25% of its holdings to generate income but doesn't provide a lot of up-to-date details on its strategy.

Jury Is Still Out On NBXG

If there's one thing that stands out about the market for our favorite high-yield investments in 2023, it's this: individual investors are still too skittish to jump in.

This Mysterious ‘Lag' Lets Us Buy My Favorite 7.5% Dividends

NEW YORK , July 14, 2023 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced a conference call with Fund Portfolio Manager Hari Ramanan and members of his team, to be held on Monday, July 24, 2023, at 4:00 PM (Eastern). During the call, members of the Portfolio Management team will review the Fund's investment process and provide an update and perspective on the rapidly evolving next generation connectivity investment opportunity.

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES PORTFOLIO MANAGER UPDATE CALL MONDAY, JULY 24, 2023

Gabelli Multimedia Trust

The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV during one of the great bull markets in technology this year. GGT's NAV started the year at $3.89 and it closed Friday at $3.83. That's what happens when you have a 23.0% NAV yield that has very little chance of being covered by the fund's holdings and the end result is continued NAV erosion.

Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG

BlackRock Health Sciences Trust II

AI bubble? Bear market rally? I don't care because I see five dividends between 10.1% and 13.5%.

These Fund Yields Up To 13% And Leave ETFs In The Dust

If we are, indeed, in a new bull market, what funds look attractive here and are poised to recover? Everyone knows that Artificial Intelligence is the new buzz word, and even if we are NOT in a new bull market, funds that have AI exposure should still see buyers. One equity CEF that had very poor timing when it came public, and thus has dropped to a -20% discount, was the Neuberger Berman Next Generation Connectivity Fund Inc, NBXG.

Equity CEFs: Ride The NBXG Wave

RENN Fund

Columbia Seligman Premium Technology Growth Func Inc

Taiwan Fund

For the third month in four, equity CEFs (-1.95%) on average witnessed downside performance, while their fixed income CEF cohorts (-0.66%) posted losses for the first month in three. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. For May, Convertible Securities CEFs (+0.07%) outperformed the other classifications in the equity CEF universe for the first month since August 2020.

The Month In Closed-End Funds: May 2023

NBXG focuses, with a heavy emphasis, on tech-related investments that are related to connectivity, making it a fairly interesting tech play. As we've seen with most other growth investments, they had struggled throughout most of 2022, but results have been more promising in 2023.

NBXG: Deep Discount On An Interesting Tech Fund

Do you know how much money you need to retire?

My Top Retirement-Investing Strategy For 11% Dividends

NBXG's discount has widened since our last update, presenting an even more interesting time to consider the fund. While there are significant headwinds and tech-tilted funds might not be completely out of the woods yet, there have been some signs of stability.

News for Neuberger Berman Next Generation Connectivity Fund ETF (NBXG)