NXG Cushing Midstream Energy ord Stock Price, News & Analysis

NXG Cushing Midstream Energy Fund (NYSE: SRV) announced preliminary results of its transferable rights offering that ran from Nov 17, 2025 to Dec 11, 2025. Rights holders could subscribe for up to 1,555,870 common shares at a subscription price of $39.89 per share, set at 92.5% of NAV on the Expiration Date. The Offer was oversubscribed. Gross proceeds are expected to be approximately $62,000,000. Common shares will be issued promptly after receipt of shareholder payments and completion of the pro‑rata allocation for over‑subscriptions. The Fund intends to invest net proceeds in accordance with its investment objective and policies.

NXG Cushing Midstream Energy Fund (NYSE: SRV) declared a $0.45 per common share monthly distribution for January 2026. The distribution has a record and ex-dividend date of January 16, 2026 and a payment date of January 30, 2026. The Fund currently estimates that approximately 100% of the distribution will be treated as a return of capital, subject to final determination of earnings and profits after the 2026 calendar year.

The Fund warns the final tax treatment may differ and that the Board may defer payment if required to comply with law or to preserve solvency. The Fund invests at least 80% of net assets in midstream energy investments and trades under the symbol SRV.

NXG Cushing Midstream Energy Fund (NYSE: SRV) announced a transferable rights offering to holders of record as of Nov 17, 2025, issuing one Right per common share with a 1-for-3 subscription (one new share per three Rights; holders with fewer than three shares may subscribe for one share). Rights are expected to trade as SRV RT and may be exercised through an anticipated subscription period ending Dec 11, 2025. The Subscription Price will equal 95% of the five-day average market price on the Expiration Date, with a floor of 92.5% of NAV.

The Fund declared a $0.45 monthly distribution for December 2025 payable Dec 31, 2025 (record/ex-date 12/2/2025). The Fund estimates a $10M–$15M special long-term capital gains distribution (~5%–8% of NAV), ~$2.00–$3.50 per share pre-offer and ~$1.50–$2.50 per share if the Offer is fully subscribed.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) has declared monthly distributions of $0.45 per common share for September, October, and November 2025. The distributions will be payable on September 30, October 31, and November 28, 2025, respectively.

The Fund, a non-diversified, closed-end management investment company, invests at least 80% of its net assets in midstream energy investments. It is currently anticipated that approximately 100% of the Fund's distributions will be treated as a return of capital, with final tax status to be determined and reported to shareholders in early 2026.

The NXG Cushing Midstream Energy Fund (NYSE: SRV) has declared monthly distributions of $0.45 per common share for June, July, and August 2025. The distributions will be paid on June 30, July 31, and August 29, 2025, with corresponding record dates of June 16, July 16, and August 15. It is anticipated that approximately 100% of the distributions will be treated as a return of capital, with final tax status to be determined in early 2026. The Fund is a non-diversified, closed-end management investment company focusing on midstream energy investments, with at least 80% of its net assets invested in companies providing services like gathering, transporting, processing, and distributing natural resources. The Fund trades on the NYSE under symbol SRV and aims to achieve high after-tax total returns through capital appreciation and current income.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced monthly distributions of $0.45 per common share for February, March, April, and May 2025. The distributions will be payable on the respective payment dates: February 28, March 31, April 30, and May 30, 2025.

It is anticipated that approximately 100% of the Fund's distributions will be treated as a return of capital, with final tax status determination to be reported to shareholders in early 2026. The Fund is a non-diversified, closed-end management investment company that invests at least 80% of its net assets in midstream energy investments, focusing on companies providing services in energy infrastructure sectors.

The Fund considers companies as midstream energy companies if at least 50% of their assets, income, sales, or profits are related to midstream energy services. The Fund trades on the NYSE under the symbol 'SRV'.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced a special distribution of $0.31477 per common share, payable on December 31, 2024, to shareholders of record on December 27, 2024. This special distribution comes in addition to the previously announced December distribution of $0.45 per share.

The special distribution is being made to meet the Fund's 2024 distribution requirements as a regulated investment company for U.S. federal income tax purposes. It is estimated that 100% of the special distribution will consist of long-term capital gain. The Fund is a non-diversified, closed-end management investment company that invests at least 80% of its net assets in midstream energy investments under normal market conditions.

The NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced monthly distributions of $0.45 per common share for December 2024 and January 2025. The December distribution is expected to have 0.00% return of capital, while the January distribution is anticipated to be 100% return of capital. Final tax status determinations will be reported to shareholders in early 2025 for 2024 dividends and 2026 for 2025 dividends.

The Fund is a non-diversified, closed-end management investment company that invests at least 80% of its assets in midstream energy investments, focusing on companies providing services in energy infrastructure sectors.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced the preliminary results of its transferable rights offering, which ran from October 23 to November 14, 2024. The oversubscribed offering allowed rights holders to subscribe for up to 1,004,176 common shares at $41.80 per share, representing 89% of the Fund's NAV at closing. The offering is expected to generate gross proceeds of approximately $42,000,000. The Fund plans to invest the net proceeds in alignment with its investment objectives and policies. Common shares will be issued after completion of shareholder payments and pro-rata allocation of oversubscription privileges.