NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
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.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) ha annunciato distribuzioni mensili di $0,45 per azione ordinaria per settembre, ottobre e novembre 2025. Le distribuzioni saranno pagabili rispettivamente il 30 settembre, il 31 ottobre e il 28 novembre 2025.
Il Fondo, una società di gestione degli investimenti chiusa e non diversificata, investe almeno l'80% del suo patrimonio netto in investimenti nel settore midstream dell'energia. Attualmente si prevede che circa il 100% delle distribuzioni del Fondo sarà trattato come ritorno di capitale; lo stato fiscale definitivo sarà determinato e comunicato agli azionisti all'inizio del 2026.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) ha declarado distribuciones mensuales de $0.45 por acción ordinaria para septiembre, octubre y noviembre de 2025. Las distribuciones se pagarán el 30 de septiembre, el 31 de octubre y el 28 de noviembre de 2025, respectivamente.
El Fondo, una sociedad gestora de inversión cerrada y no diversificada, invierte al menos el 80% de sus activos netos en inversiones de midstream energético. Actualmente se prevé que aproximadamente el 100% de las distribuciones del Fondo se trate como devolución de capital; la situación fiscal definitiva se determinará y se comunicará a los accionistas a principios de 2026.
NXG Cushing® Midstream Energy Fund (NYSE: SRV)는 2025년 9월, 10월 및 11월에 대해 주당 $0.45의 월별 배당을 선언했습니다. 배당금은 각각 2025년 9월 30일, 10월 31일 및 11월 28일에 지급될 예정입니다.
이 펀드는 비분산형 폐쇄형 자산운용사로, 순자산의 최소 80%를 미드스트림 에너지 투자에 배분합니다. 현재로서는 펀드 배당의 약 100%가 자본 환급(return of capital)으로 처리될 것으로 예상되며, 최종 과세 여부는 2026년 초 주주들에게 통지될 예정입니다.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) a déclaré des distributions mensuelles de 0,45 $ par action ordinaire pour septembre, octobre et novembre 2025. Les distributions seront payables respectivement le 30 septembre, le 31 octobre et le 28 novembre 2025.
Le Fonds, une société de gestion d'investissement fermée et non diversifiée, investit au moins 80 % de son actif net dans des investissements midstream énergétiques. Il est actuellement prévu qu'environ 100 % des distributions du Fonds seront considérées comme un remboursement de capital; le statut fiscal définitif sera déterminé et communiqué aux actionnaires début 2026.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) hat monatliche Ausschüttungen in Höhe von $0,45 je Stammaktie für September, Oktober und November 2025 angekündigt. Die Ausschüttungen werden jeweils am 30. September, 31. Oktober und 28. November 2025 zahlbar sein.
Der Fonds, eine nicht diversifizierte, geschlossene Investmentgesellschaft, investiert mindestens 80 % seines Nettovermögens in Midstream-Energieanlagen. Es wird derzeit erwartet, dass etwa 100 % der Ausschüttungen des Fonds als Kapitalrückzahlung behandelt werden; der endgültige steuerliche Charakter wird Anfang 2026 festgestellt und den Aktionären mitgeteilt.
- None.
- 100% of distributions expected to be return of capital, not earned income
- Fund trades at market value which may be at a discount to NAV
- Distributions subject to potential suspension based on leverage financing covenants
Insights
NXG Cushing announces steady $0.45 monthly distributions through November 2025, classified as 100% return of capital, maintaining income flow for shareholders.
The NXG Cushing® Midstream Energy Fund (NYSE: SRV) has declared monthly distributions of
Return of capital distributions have different tax implications compared to ordinary dividends. These payments aren't immediately taxable to shareholders but instead reduce their cost basis in the fund. This can be advantageous for investors seeking tax-efficient income, as no taxes are due until shares are sold or the cost basis reaches zero.
The distribution amounts are consistent across all three months, demonstrating stability in the fund's distribution policy. This predictability is valuable for income-focused investors planning their cash flows. The payments follow a regular schedule with mid-month record dates and month-end payment dates.
It's worth highlighting that the fund maintains these substantial distributions despite being a non-diversified investment vehicle focused specifically on midstream energy investments. The fund targets companies involved in energy infrastructure services like gathering, transporting, processing, and distributing natural resources. This sectoral concentration can create both opportunities and risks for investors compared to more diversified funds.
The preliminary nature of the return of capital classification should be noted, with final tax determination coming in early 2026. The board has also included conditional language about potential deferral if necessary to maintain the fund's solvency, though this appears to be standard protective disclosure rather than indicating any specific concern.
Ex-Dividend | Distribution | Return of Capital | ||
9/16/2025 | 9/16/2025 | 9/30/2025 | 100 % | |
10/15/2025 | 10/15/2025 | 10/31/2025 | 100 % | |
11/17/2025 | 11/17/2025 | 11/28/2025 | 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
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 after-tax total return from a combination of capital appreciation and current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least
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 ("
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 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
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SOURCE NXG Investment Management
FAQ
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