Welcome to our dedicated page for NXG Cushing Midstream Energy ord news (Ticker: SRV), a resource for investors and traders seeking the latest updates and insights on NXG Cushing Midstream Energy ord stock.
NXG Cushing Midstream Energy Fund (NYSE: SRV) delivers focused updates on midstream infrastructure investments through this dedicated news hub. Track earnings announcements, strategic acquisitions, and operational developments critical to understanding the fund's performance in energy markets.
Investors gain streamlined access to press releases detailing dividend policies, leverage strategies, and portfolio adjustments. Stay informed about regulatory impacts and partnership agreements shaping SRV's position in natural gas logistics and renewable infrastructure.
This resource consolidates essential updates including management commentaries, capital allocation decisions, and industry trend analyses. Content is curated to support informed evaluations of the fund's risk-reward profile and long-term objectives.
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On May 17, 2024, NXG Cushing Midstream Energy Fund (NYSE: SRV) announced an at-the-market offering program for its common shares. The sales will be managed by Foreside Fund Services as the distributor. The fund aims to invest the proceeds in alignment with its investment objectives, focusing on midstream energy investments. The offering will be conducted under an effective registration statement filed with the SEC, with a prospectus supplement dated the same day. These associated expenses will be indirectly borne by the Fund's shareholders. Investors are advised to consider the Fund's investment objectives, risks, and expenses before investing.
The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has officially changed its name to the "NXG Cushing Midstream Energy Fund" effective April 3, 2023. This alteration follows changes to the Fund's investment policies, which now focus on midstream energy investments rather than exclusively MLP investments. The Fund aims to maintain its strategy of achieving a high after-tax total return through capital appreciation and current income, investing at least 80% of net assets in midstream energy companies. No further changes to investment policies are anticipated, and no action is required from shareholders.
The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared monthly distributions of $0.45 per common share for February through May 2023. Key dates include the record date of 2/15/2023, ex-dividend date of 2/14/2023, and payment date of 2/28/2023. Approximately 86% of these distributions are anticipated to be treated as a return of capital, based on current earnings and profits projections. The Fund focuses on investing in energy infrastructure and midstream investments, aiming for a high after-tax total return. It operates as a closed-end investment company.
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