NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

Rhea-AI Summary

NXG NextGen Infrastructure Income Fund (NYSE: NXG) declared monthly distributions of $0.60 per common share for each of September, October, and November 2026. Record dates are September 15, October 15, and November 16, with corresponding payment dates of September 30, October 30, and November 30, 2026.

According to the Fund, the current estimate is that approximately 100% of each distribution will be characterized as return of capital, though the final tax status may differ materially based on full‑year earnings and profits. Distributions may be deferred by the Board if needed to comply with law or preserve solvency. The Fund is a non‑diversified closed‑end management investment company focused on equity and debt securities of infrastructure companies across energy, industrial, sustainable, and technology and communication sectors, and may invest up to 25% of managed assets in qualifying energy MLPs.

Positive

• $0.60 monthly distributions declared for September–November 2026
• Three upcoming payments provide short-term cash flow visibility to shareholders
• Fund targets at least 80% of net assets in infrastructure securities
• Ability to invest up to 25% of Managed Assets in qualifying energy MLPs

Negative

• Distributions currently estimated as 100% return of capital for all three months
• Final tax characterization of 2026 distributions may differ materially from estimates
• Board may defer distributions to comply with law or maintain solvency
• Closed-end fund shares may trade at a discount to net asset value
• Future distributions are not assured and may be suspended or changed

News Explained

Tax treatment remains provisional until year-end Form 1099-DIV reporting, while future payments remain subject to Board decisions and available cash.

The declared payments’ estimated return-of-capital treatment remains provisional: the Fund will determine the final tax characterization after year-end from actual earnings and profits and report it on Form 1099-DIV.

For future distributions, the Board must consider available cash, financial performance, net investment income, and compliance with leverage-financing covenants; it may suspend or discontinue payments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DALLAS, Sept. 1, 2026 /PRNewswire/ -- NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.60 per common share for each of September, October, and November 2026. These monthly distributions will be payable to common shareholders pursuant to the table below:

Record Date	Ex-Dividend Date	Payment Date	Distribution Amount	Return of Capital Estimate1
9/15/2026	9/15/2026	9/30/2026	$0.60	100 %
10/15/2026	10/15/2026	10/30/2026	$0.60	100 %
11/16/2026	11/16/2026	11/30/2026	$0.60	100 %

¹ The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include the impact of future gains or losses that may be realized from portfolio transactions during the remainder of the year. These gains or losses can have a material impact on the characterization of fund distributions. Based on information currently available, it is anticipated, but not certain, that approximately 100% of the Fund's distributions will be characterized as return of capital. Because the Fund's earnings and profits for the fiscal year will depend in part on gains and losses realized throughout the remainder of the year, the final tax characterization of distributions may differ materially from this preliminary estimate. In particular, distributions currently estimated to be return of capital may ultimately be recharacterized, in whole or in part, as capital gain distributions or ordinary income distributions. The final determination of the tax status of all distributions paid during the calendar year will be made after year-end based on the Fund's actual earnings and profits and will be reported to shareholders on Form 1099-DIV. Shareholders should not rely on this preliminary information for tax reporting purposes.

The distribution shall be paid on the payment date unless the payment of such distribution is deferred by the Fund's Board of Trustees upon a determination that such deferral is required in order to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern.

ADDITIONAL INFORMATION ABOUT THE FUND

The Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity and debt securities of infrastructure companies, including: (i) energy infrastructure companies, (ii) industrial infrastructure companies, (iii) sustainable infrastructure companies, and (iv) technology and communication infrastructure companies. The Fund will invest no more than 25% of its Managed Assets in securities of energy master limited partnerships ("MLPs") that qualify as publicly traded partnerships under the Internal Revenue Code. The Fund's shares are traded on the New York Stock Exchange under the symbol "NXG."

There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Future distributions will be made by the Fund if and when declared by the Fund's Board of Trustees, based on a consideration of a number of factors, including the Fund's continued compliance with terms and financial covenants of its leverage financing facility, the Fund's net investment income, financial performance, and available cash.

There can be no assurance that the amount or timing of distributions in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of distributions in the future.

ABOUT NXG Investment Management

Cushing® Asset Management, LP ("Cushing") is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts. Cushing is doing business as NXG Investment Management. The Firm provides Next Generation investment strategies to investors seeking long-term growth in companies focused on traditional and transformational infrastructure.

Contact: 
Blake Nelson
NXG Investment Management
214-692-6334
www.nxgim.com

IMPORTANT INFORMATION

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and NXG Investment Management believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and Cushing do not assume a duty to update this forward-looking statement.

View original content:https://www.prnewswire.com/news-releases/nxg-nextgen-infrastructure-income-fund-nyse-nxg-announces-distributions-302865747.html

SOURCE NXG Investment Management

FAQ

What distributions did NXG NextGen Infrastructure Income Fund (NYSE: NXG) declare for September–November 2026?

NXG declared monthly distributions of $0.60 per common share for September, October, and November 2026. According to the Fund, record dates are September 15, October 15, and November 16, with payments on September 30, October 30, and November 30, 2026.

When are the record, ex-dividend, and payment dates for NXG (NYSE: NXG) fall 2026 distributions?

For each month, the record and ex-dividend dates are the same: September 15, October 15, and November 16, 2026. According to the Fund, payments follow on September 30, October 30, and November 30, providing a clear three-month distribution schedule.

How much of NXG’s September–November 2026 distributions is estimated to be return of capital?

The Fund currently estimates that approximately 100% of each $0.60 distribution will be return of capital. According to the Fund, this estimate may change materially once full-year gains, losses, earnings, and profits are finalized for 2026 tax reporting.

Can the tax characterization of NXG (NYSE: NXG) 2026 distributions change at year-end?

Yes, the final tax status may differ materially from current estimates. According to the Fund, distributions now estimated as return of capital could be recharacterized as capital gain or ordinary income when Form 1099-DIV is issued after year-end.

Is NXG NextGen Infrastructure Income Fund required to keep paying a $0.60 monthly distribution?

No, future distributions are made only if declared by the Board of Trustees. According to the Fund, decisions depend on leverage covenants, net investment income, financial performance, available cash, and other factors, and there is no assurance of equal or continued payments.

Under what circumstances could NXG’s Board defer a declared distribution?

A declared distribution may be deferred if the Board determines deferral is needed to comply with applicable law or keep the Fund solvent. According to the Fund, this includes ensuring debts can be paid as they become due and operations continue.

What is the investment focus of NXG NextGen Infrastructure Income Fund (NYSE: NXG)?

The Fund seeks high total return with an emphasis on current income by investing at least 80% of net assets in infrastructure-related equity and debt. According to the Fund, this includes energy, industrial, sustainable, and technology and communication infrastructure companies, plus limited exposure to qualifying energy MLPs.