Neuberger Brmn Nxt Gnratn Cnncty Fnd Inc (N:NBXG)

Business Focus: Closed End Funds

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Sector: Financials	Industry: Closed End Funds

See Regulatory Filings on SEC

Company Contact

Address:	1290 Avenue Of The Americas NEW YORK NY 10104
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Joseph V. Amato President, Chief Executive Officer, Fund Director	Frank Rosato Assistant Treasurer	John M. Mcgovern Treasurer and Principal Financial and Accounting Officer
Brian Kerrane Chief Operating Officer	Claudia A. Brandon Executive Vice President	Savonne L. Ferguson Chief Compliance Officer
Agnes Diaz Vice President	Anthony Maltese Vice President	Owen F. Mcentee Vice President
Anthony Di Bernardo Assistant Treasurer

Business Overview

Neuberger Berman Next Generation Connectivity Fund Inc is a closed-end management investment company. The Fund invests in securities of United States and foreign companies, including companies located in emerging markets, of any market capitalization. It invests in equity securities, which includes common stocks, preferred stocks, convertible securities, warrants, depositary receipts, exchange-traded funds (ETFs), and equity interests in real estate investment trusts (REITs). It will not invest more than 25% of its total assets in illiquid securities. It may invest up to 20% of its total assets in equity securities issued by companies that are not next generation companies, as well as in debt securities from any type of issuer and credit rating. It invests in industries, such as information technology and communication services, health care, financials, consumer discretionary, and others. Its investment manager is Neuberger Berman Investment Advisers LLC (NBIA).

Financial Overview

For the fiscal year ended 31 October 2023, Neuberger Brmn Nxt Gnratn Cnncty Fnd Inc revenues increased 83% to $7.9M. Net income totaled $113.7M vs. loss of $633.5M. Revenues reflect Interest and other income-unaffiliated i increase from $299K to $4.2M, Foreign taxes withheld increase of 19% to -$187K. Net Income reflects Investment securities of unaffiliated is increase from $476.7M (expense) to $171.1M (income).

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