SCHEDULE 13G: Morgan Stanley Discloses 5.4% Passive Stake in Neuberger Berman Next Generation Connectivity Fund
Beneficial Ownership Report
Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have reported a passive beneficial ownership of 5.4% in Neuberger Berman Next Generation Connectivity Fund Inc. as of March 31, 2025.
Summary
- Morgan Stanley and its wholly-owned subsidiary, Morgan Stanley Smith Barney LLC, have filed a Schedule 13G, indicating beneficial ownership in Neuberger Berman Next Generation Connectivity Fund Inc.
- As of March 31, 2025, Morgan Stanley beneficially owned an aggregate of 4,245,492 shares of Common Stock, representing 5.4% of the class.
- Morgan Stanley Smith Barney LLC beneficially owned an aggregate of 4,243,964 shares of Common Stock, also representing 5.4% of the class.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Morgan Stanley reported shared voting power over 1,530 shares and shared dispositive power over 4,245,492 shares.
- Morgan Stanley Smith Barney LLC reported shared voting power over 2 shares and shared dispositive power over 4,243,964 shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) reporting beneficial ownership. It contains no forward-looking statements, operational performance, or strategic updates that would typically influence sentiment. It is neutral in tone and content, simply disclosing a passive stake.
Future Outlook
NA
Industry Context
This Schedule 13G filing is a standard regulatory disclosure by institutional investors like Morgan Stanley when their beneficial ownership in a public company crosses a 5% threshold. It signifies a passive investment, meaning the investor does not intend to influence or change control of the issuer. Such filings provide transparency into significant institutional holdings within the investment management and financial services sectors.
Related Party Transactions
- Morgan Stanley Smith Barney LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person. Their beneficial ownership is reported collectively and reflects the parent-subsidiary relationship.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming a major financial institution holds a passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement (reporting period end date). |
| 05/06/2025 | Date the Schedule 13G was signed and filed by Morgan Stanley and Morgan Stanley Smith Barney LLC. |
Keywords
Morgan Stanley, Neuberger Berman Next Generation Connectivity Fund, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investment, Passive Stake
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