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.
The NXG Cushing Midstream Energy Fund (NYSE: SRV) news page on Stock Titan aggregates official announcements, regulatory updates and other public communications related to this non-diversified, closed-end management investment company. The fund’s disclosures describe an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income, primarily through midstream energy investments that provide economic exposure to midstream energy companies.
News for SRV frequently centers on distribution declarations, including monthly distributions and special distributions to common shareholders. These announcements often outline record dates, ex-dividend dates, payment dates and preliminary estimates of the tax character of distributions, such as net investment income, return of capital or long-term capital gains, along with explanations that final tax treatment is determined after the end of the calendar year when the fund calculates its earnings and profits.
Another recurring theme in SRV news is capital raising activity through transferable rights offerings. Press releases describe the terms of these offerings, including the number of common shares available for subscription, subscription formulas tied to a percentage of net asset value, oversubscription privileges and the fund’s stated intention to invest net proceeds in accordance with its existing investment objective and policies. Updates may also report preliminary results of such offerings, including whether they were oversubscribed.
In addition, the fund’s communications may address the use of leverage, considerations of the Board of Trustees when declaring distributions, and statements about the relationship between the fund’s net asset value and its market-traded share price as a closed-end fund. By following SRV news, readers can track how the fund’s Board and adviser implement its stated strategy in midstream energy investments and how distribution and rights offering decisions are communicated to the market.
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.
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.
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.
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.
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.
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.
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.
The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) announced a monthly distribution of $0.12 per common share for December 2020 and January 2021, payable to common shareholders. Key dates include Ex-Dates of 12/11/20 for December and 1/15/21 for January. The Fund anticipates that 0% of the December distribution and 100% of the January distribution will be classified as a return of capital. The Fund invests primarily in energy infrastructure master limited partnerships and emphasizes the importance of compliance with financial covenants for future distributions.
The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared monthly distributions of $0.12 per common share for September, October, and November 2020. The payments will be made on specified dates, with an estimated return of capital anticipated to be 100%. Distributions are subject to the Fund's financial conditions and compliance with applicable laws. The Fund aims for high after-tax total returns through investments in energy infrastructure MLPs. Future distributions may vary, and the Fund's net asset value is subject to fluctuations.