Neuberger Berman Connectivity Fund Files Proxy Statement

TL;DR

NB NBXG filed its definitive proxy statement, standard shareholder vote info.

AI Summary

Neuberger Berman Next Generation Connectivity Fund Inc. filed a Definitive Proxy Statement (DEFA14A) on July 8, 2024. This filing concerns the company's proxy materials, indicating it is a definitive statement rather than preliminary. The company was formerly known as Neuberger Berman 5G Connectivity Fund Inc. before a name change on January 28, 2021.

Why It Matters

This filing is a standard regulatory requirement for public companies to provide shareholders with information regarding upcoming meetings and voting matters, ensuring transparency in corporate governance.

Risk Assessment

Risk Level: low — This is a routine DEFA14A filing, which is a standard proxy statement and does not contain new material financial information or significant corporate actions.

Key Players & Entities

• Neuberger Berman Next Generation Connectivity Fund Inc. (company) — Registrant
• Neuberger Berman 5G Connectivity Fund Inc. (company) — Former company name
• 20210128 (date) — Date of name change
• 20240708 (date) — Filing date

FAQ

Filing Documents

• defa14a-nbxg.htm (DEFA14A) — 50KB
• image3.jpg (GRAPHIC) — 23KB
• image00005.jpg (GRAPHIC) — 6KB
• nblogo.jpg (GRAPHIC) — 5KB
• nbxgheader.jpg (GRAPHIC) — 26KB
• 0000898432-24-000554.txt ( ) — 134KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to 240.14a-12 Neuberger Berman Next Generation Connectivity Fund Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: PROTECT YOUR INVESTMENT AND VOTE THE WHITE PROXY CARD FOR NBXG'S CURRENT DIRECTORS Your vote is important, no matter how many shares you own. Every vote is important. We urge you to support your Fund's nominees who are focused on the best interest of ALL stockholders and dedicated to enhancing the value of your investment. Saba Capital Master Fund Ltd., a hedge fund managed by Saba Capital Management, L.P. (together, "Saba"), has submitted a nominee for election as a director on your Fund's Board. Saba is an opportunistic hedge fund manager focused only on its own interests and not the interests of all stockholders. Your Fund's Board believes that Saba seeks to disrupt the experienced and reliable oversight provided by your Fund's Board for its own gain and does not care about impairing your Fund and limiting its long-term investment potential. Your Fund's Board believes that if Saba's nominee is elected, he will harm the Fund and may hinder its ability to generate competitive investment returns in the future. Unlike prior years, stockholders may receive multiple proxy cards this year. It is important that you vote and return all WHITE proxy cards and DO NOT return any GOLD proxy card(s) sent by Saba. Dear Stockholder: The Board of Directors of the Fund is unanimously urging you to vote FOR the re-election of your Board's highly qualified and experienced current Directors: Marc Gary – A highly regarded attorney that served as the Executive Vice President and General Counsel of Fidelity Investments, among other distinguished roles. – Serves as the Chair of the Fund's Ethics and Compliance Committee. Martha Goss – A tenured financial services professional that has held multiple senior executive positions, including with a major insurance company (Prudential) and consulting firm (Booz Allen). – Serves as the Chair of the Fund's Governance and Nominating Committee and Vice Chair of the Fund's Audit Committee and Audit Committee Financial Expert. Michael M. Knetter – A respected academic and economist currently serving as the President and Chief Executive Officer of University of Wisconsin Foundation who formerly served as the Dean of Wisconsin School of Business. – Serves as the Chair of the Fund's Investment Performance Committee. The incumbent directors each currently also serve on the Board of Directors for four other Neuberger Berman closed-end funds. They are highly experienced in matters affecting closed-end funds and, with respect to those funds, have taken a variety of actions designed to enhance stockholder value. These include the following actions: – approving certain discount mitigation measures, such as individual tender offers or tender option programs where a fund would conduct a tender offer if its market price traded at a certain discount level compared to its NAV; – managing the funds' distribution rates and making changes in distribution rates, when necessary; – approving fund mergers; – actively managing leverage structures to best position funds to maintain levered exposure at a reasonable cost; and – making changes to funds' investment strategies when they believe a different strategy would enhance investor return

View Full Filing

View this DEFA14A filing on SEC EDGAR