Neuberger Berman Next Generation Connectivity Fund

NEW YORK , Nov. 29, 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 December 31, 2024, has a record date of December 16, 2024, and has an ex-date of December 16, 2024.

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

The Neuberger Berman Next Generation Connectivity Fund offers a tech-heavy but otherwise more interestingly diversified portfolio, including private investments. NBXG has seen its discount narrow since our last update and over the last year overall; however, it remains an interesting choice at what appears like a still attractively deep. The fund's focus on some AI-related infrastructure and technology provides potential outsized returns, though it can also come with some risks of being overvalued.

NBXG: Discount Remains Appealing With AI And Tech Infrastructure Exposure

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

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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

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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.

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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

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

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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

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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

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