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

Rhea-AI Summary

NXG NextGen Infrastructure Income Fund (NYSE: NXG) declared monthly distributions of $0.54 per common share for February, March, April and May 2026, payable on the listed payment dates.

The Fund estimates approximately 100% of each distribution will be treated as a return of capital; final tax characterization will be determined and reported in 2027.

Positive

• Monthly distribution of $0.54 per common share announced
• Predictable payment schedule across four months (Feb–May 2026)
• Clear disclosure that final tax status will be reported in 2027

Negative

• Estimated 100% return of capital for each distribution
• Tax treatment is preliminary and may differ substantially in 2027

Key Figures

Monthly distribution: $0.54 per share Return of capital estimate: 100% Distribution months: 4 months +2 more

5 metrics

Monthly distribution $0.54 per share Declared for Feb, Mar, Apr, May 2026

Return of capital estimate 100% Each monthly distribution Feb–May 2026

Distribution months 4 months Declared schedule covers Feb–May 2026

Infrastructure allocation 80% of net assets Target allocation to infrastructure securities

MLP exposure cap 25% of Managed Assets Limit in energy master limited partnerships

Market Reality Check

Price: $50.74 Vol: Volume 46,472 is 13% abov...

normal vol

$50.74 Last Close

Volume Volume 46,472 is 13% above the 20-day average of 41,020. normal

Technical Price 50.74 trades above the 200-day MA of 48.46 and is 4.95% below the 52-week high of 53.3827.

Peers on Argus

NXG is up 1.18% while several peers (e.g., NRO, SRV, MPV, SSSS) show declines an...

NXG is up 1.18% while several peers (e.g., NRO, SRV, MPV, SSSS) show declines and LGI is modestly higher, indicating stock-specific strength rather than a broad asset-management move.

Common Catalyst SRV, an affiliated fund, also announced distributions today, pointing to a coordinated distribution communication rather than a sector-wide catalyst.

Historical Context

3 past events · Latest: Dec 02 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Distribution declaration	Positive	+0.0%	Declared $0.54 distributions for Dec 2025 and Jan 2026.
Sep 02	Distribution declaration	Positive	-0.7%	Announced $0.54 distributions for Sep–Nov 2025.
Aug 14	Rights offering results	Negative	-1.2%	Oversubscribed rights offering at $44.92 for up to 1,414,904 shares.

Pattern Detected

Distribution declarations at $0.54 per share have previously led to flat or slightly negative next-day moves, while the oversubscribed rights offering coincided with a modest decline.

Recent Company History

Over the past several months, NXG has repeatedly declared monthly distributions of $0.54 per common share, including periods covering September–November 2025 and December 2025–January 2026. These distributions were often estimated as 100% return of capital. In August 2025, the fund completed an oversubscribed rights offering for up to 1,414,904 shares at $44.92, raising about $63 million. Today’s announcement extends the same $0.54 payout pattern, suggesting continuity with this established distribution level.

Market Pulse Summary

This announcement extends NXG’s established monthly distribution of $0.54 per share through May 2026...

Analysis

This announcement extends NXG’s established monthly distribution of $0.54 per share through May 2026, currently estimated as 100% return of capital. The fund continues to focus at least 80% of net assets on infrastructure-related securities with a 25% cap on energy MLP exposure. Historically, similar distribution releases have coincided with flat to modestly negative moves, while capital-raising actions drew scrutiny. Investors may monitor future tax character updates and any changes to payout levels.

Key Terms

return of capital, closed-end management investment company, master limited partnerships, publicly traded partnerships, +1 more

5 terms

return of capital financial

"approximately 100% of the Fund's distributions will be treated as a return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

closed-end management investment company financial

"The Fund is a closed-end management investment company with an investment objective..."

A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.

master limited partnerships financial

"The Fund will invest no more than 25% of its Managed Assets in securities of energy master limited partnerships..."

Master limited partnerships are businesses that combine the tax advantages of a partnership with shares that trade on public markets, letting everyday investors buy units and collect regular cash distributions. They often operate in industries with steady, fee-like revenue (for example pipelines), so they can act like owning a rental that pays you income; investors care because MLPs are mainly used for predictable cash returns but can be sensitive to commodity prices and interest rates.

publicly traded partnerships financial

"energy master limited partnerships ("MLPs") that qualify as publicly traded partnerships under the Internal Revenue Code."

A publicly traded partnership is a business structured as a partnership whose ownership interests (units) are bought and sold on public exchanges like a stock. For investors, it combines the liquidity of a public security with partnership-style income distribution—often paying a steady share of profits—but can bring different tax paperwork and treatment compared with ordinary stocks, so buyers should consider yield, cash-flow stability, and tax implications as they would with a dividend-paying company.

net asset value financial

"closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount..."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

AI-generated analysis. Not financial advice.

DALLAS, Feb. 2, 2026 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of February, March, April, and May 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
2/17/2026	2/17/2026	2/27/2026	$0.54	100 %
3/16/2026	3/16/2026	3/31/2026	$0.54	100 %
4/16/2026	4/16/2026	4/30/2026	$0.54	100 %
5/15/2026	5/15/2026	5/29/2026	$0.54	100 %

¹The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.  It is currently anticipated, but not certain, that approximately 100% of the Fund's distributions will be treated as a return of capital. The final determination of such amounts will be made and reported to shareholders in 2027, after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of each distribution may differ substantially from this preliminary information.

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 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 Cushing 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 company'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.

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SOURCE NXG Investment Management

FAQ

What distribution did NXG (NYSE: NXG) declare for February–May 2026?

NXG declared monthly distributions of $0.54 per share for February, March, April and May 2026. According to NXG Investment Management, each distribution has specified record, ex-dividend, and payment dates listed for shareholders.

How will NXG classify the February–May 2026 distributions for tax purposes?

NXG currently estimates approximately 100% of each distribution will be treated as a return of capital. According to NXG Investment Management, the final determination will be made after the calendar year and reported to shareholders in 2027.

When are the payment dates for NXG's February–May 2026 distributions?

Payment dates are 2/27/2026, 3/31/2026, 4/30/2026, and 5/29/2026 for the respective months. According to NXG Investment Management, payments will be made on those dates unless the Board defers payment to comply with law or solvency requirements.

Will NXG continue these distribution levels after May 2026?

There is no assurance distributions will continue at these levels beyond May 2026; future payments depend on Board decisions. According to NXG Investment Management, future distributions consider net investment income, cash, leverage covenants, and financial performance.

How might a 100% return of capital estimate affect NXG shareholders?

A return of capital estimate generally reduces a shareholder's cost basis rather than representing taxable income upfront. According to NXG Investment Management, the final tax impact may differ substantially and will be reported in 2027 when earnings and profits are determined.