Neuberger Berman Nxt Gen Connectivity Fund

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Position

1027.77 Shares NBXG @ $10.01 – Dividend 12.0% (Yearly)

(Pays 10¢ Monthly Dividend – $1.20 Yearly)

 

Neuberger Berman Next Generation Connectivity Fund (NBXG) is a closed-end fund. A closed-end fund, also known as a closed-end mutual fund, is an investment fund that raises capital by issuing a fixed number of shares at its inception, and then invests that capital in financial assets such as stocks and bonds. This particular fund also employ a strategy of writing (selling) covered call options on a portion of the common stocks in its portfolio and writing (selling) other call and put options on individual common stocks, which may include naked (uncovered) call and put options, and, to a lesser extent, writing (selling) call and put options on indices of securities and sectors of securities.

This fund’s inception was in May of 2021 and has been paying a 10¢ monthly dividend since its inception. A 10¢ monthly dividend is $1.20 per year. At this point my position is up to 1000 shares. This pays a yearly dividend of $1200. My long term goal for this fund is to own 5000 shares. A position of this size, with this dividend, will give me a yearly income of $6000.

I will continue to buy shares with dividend reinvestment and buying shares with the selling Call Options with other stock positions. I bought 500 shares with money from my account, the balance of the shares were bought with dividend reinvestment and money I made with the selling of Call Options.

I’m in this high dividend position since March 2023 and the dividend in hanging strong and the price is up about $1 from my buy-in price.

I will stay in this position as long as the dividend is not reduced and price doesn’t fall to my set stop, or I feel their business model has changed in some fundamental way and the company no longer fits into my dividend position criteria.

 

   3/10/23 Buy 100 NBXG shares @ $9.89

     5/8/23 Buy 400 NBXG shares @ $9.66

     5/31/23 Added 5.97 NBXG shares as dividend shares

     6/30/23 Added 4.6 NBXG shares as dividend shares

     8/2/23 Added 4.6 NBXG shares as dividend shares

     8/2/23 Buy 20 NBXG shares with a NET Call premium

     9/5/23 Buy 4.92 NBXG shares as dividend shares

     10/2/23 Buy 5.13 NBXG shares as dividend shares

     10/17/23 Buy 25 NBXG shares with MPW dividend

     11/1/23 Buy 5.70 NBXG shares as dividend shares

     11/6/23 Buy 10 shares NBXG with MRVL Call premium

     11/10/23 Buy 10 shares NBXG with MRVL Call premium

     12/1/23 Buy 5.58 shares NBXG @ $10.67 as dividend shares

1/2/24 Buy 88 shares NBXG @ $10.81 with sale of SNOW shares

1/2/24 Buy 5.55 shares NBXG @ $10.83 as dividend shares

1/3/24 Buy 6 shares NBXG @ $ 10.65 with WMT dividend

1/12/24 Buy 24 shares NBXG @ $11.05 with MPW dividend

1/22/24 Buy 6 shares NBXG @ $11.30 with SQ Call premium

1/24/24 Buy 20 shares NBXG @ $11.40 with MU stock profit

2/1/24  Buy 6.6677 shares NBXG @ $11.33 as dividend shares

2/7/24 Buy 188 shares NBXG @ $11.73 with sale of VFC shares

3/1/24 Buy 10 shares NBXG @ $11.88 with MU long Call profit

3/1/24 Buy 8.361 shares NBXG @ $11.96 as dividend shares

3/28/24 Buy 8.6404 shares NBXG @ $11.79 as dividend shares