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NXG Cushing Midstream Energy ord - SRV STOCK NEWS

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.

Bookmark this page for real-time notifications on material events affecting SRV. Subscribe to our alerts for proactive monitoring of midstream energy market developments.

Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has announced a significant increase in monthly distributions to $0.45 per common share for September, October, and November 2022, marking a 200% rise from the August distribution of $0.15. The new distribution rate equates to approximately 12.68% of the Fund's net asset value (NAV) as of August 30, 2022. The Fund's Board believes this adjustment benefits shareholders, providing flexibility in managing their investments, and reflects strong fundamentals in the midstream sector.

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The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has announced monthly distributions of $0.15 per common share for June, July, and August 2022. The record and ex-dividend dates for these distributions are outlined as follows: June 14 (ex June 13), July 18 (ex July 15), and August 16 (ex August 15), with payment dates on June 30, July 29, and August 31 respectively. Approximately 97% of the distributions are estimated to be treated as a return of capital. The Fund's investment strategy focuses on energy infrastructure MLPs.

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Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) announced a 25% increase in its monthly distributions from $0.12 to $0.15 per share for February to May 2022. Shareholders will receive these distributions on set payment dates, with approximately 97% expected to be treated as a return of capital. Additionally, the Fund's management fees will be waived for the next year. The declaration anticipates compliance with financial covenants and consideration of net income and available cash.

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The Cushing MLP & Infrastructure Total Return Fund (SRV) and Cushing NextGen Infrastructure Income Fund (SZC) announced the upcoming retirement of portfolio manager Jerry V. Swank, effective December 31, 2021. He will be succeeded by John H. Alban, currently the CFO and Treasurer of the Funds. Blake Nelson will take over Alban's role as CFO. Swank will remain involved as an Interested Trustee. The transition aims to ensure continued strong investment performance under the new leadership.

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The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared a monthly distribution of $0.12 per common share for December 2021 and January 2022. The ex-dates for these distributions are 12/10/21 and 1/14/22, with payment dates set for 12/31/21 and 1/31/22, respectively. The Fund anticipates that the distributions may be treated as a return of capital. The Fund primarily invests in energy infrastructure MLPs, aiming for high after-tax total returns. However, future distributions are subject to compliance and performance considerations.

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The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) and Cushing NextGen Infrastructure Income Fund (NYSE: SZC) announced the resignation of trustee Brenda A. Cline, effective immediately. Andrea N. Mullins has been appointed to fill the vacancy for the remainder of Cline's term. Mullins will serve as a Class II trustee and will also be part of the Nominating and Corporate Governance Committee and Chair of the Audit Committee. Her experience includes senior financial roles and oversight of strategic growth plans.

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Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) announced a monthly distribution of $0.12 per share for September, October, and November 2021. The ex-dates for these distributions are 9/14/21, 10/15/21, and 11/12/21, with record dates of 9/15/21, 10/18/21, and 11/15/21, respectively. Each distribution is expected to be a 100% return of capital. The Fund aims for a high after-tax total return by investing predominantly in energy infrastructure MLPs. Future distributions are subject to the Fund's financial performance.

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The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared a monthly distribution of $0.12 per common share for each month of June, July, and August 2021. The ex-dates for these distributions are June 11, July 13, and August 13, 2021, with record dates following on June 14, July 14, and August 16, respectively. The payment dates are set for June 30, July 30, and August 31, 2021. Approximately 100% of these distributions are expected to be treated as a return of capital, subject to final determination in early 2022.

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The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared a monthly distribution of $0.12 per common share for May 2021, payable to shareholders. The ex-date for the distribution is May 14, 2021, with a record date of May 17, 2021 and a payment date of May 28, 2021. Notably, it is anticipated that approximately 100% of this distribution will be treated as a return of capital, pending final confirmation in early 2022. The Fund focuses on investing at least 80% of its net assets in energy infrastructure master limited partnerships.

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Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared monthly distributions of $0.12 per common share for February, March, and April 2021. These will be payable on specific dates listed in the announcement. Approximately 93% of these distributions are expected to be treated as a return of capital. The Fund's management fee waiver of 0.25% based on Managed Assets has also been extended for another year. The Fund aims for a high after-tax total return, primarily investing in energy infrastructure MLPs, but there are no assurances on achieving these objectives.

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FAQ

What is the current stock price of NXG Cushing Midstream Energy ord (SRV)?

The current stock price of NXG Cushing Midstream Energy ord (SRV) is $39.43 as of April 29, 2025.

What is the market cap of NXG Cushing Midstream Energy ord (SRV)?

The market cap of NXG Cushing Midstream Energy ord (SRV) is approximately 157.7M.
NXG Cushing Midstream Energy ord

NYSE:SRV

SRV Rankings

SRV Stock Data

157.72M
2.92M
24.93%
2.55%
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