Welcome to our dedicated page for NXG Cushing Midstream Energy Fund news (Ticker: SRV), a resource for investors and traders seeking the latest updates and insights on NXG Cushing Midstream Energy Fund stock.
NXG Cushing Midstream Energy Fund reports closed-end fund developments tied to its midstream energy investment mandate. The non-diversified fund seeks high after-tax total return from capital appreciation and current income, and invests primarily in midstream energy investments through common shares listed on the NYSE under SRV.
Recurring news covers monthly and special distributions, estimated tax character of distributions, net asset value context, leverage-related considerations, and capital actions such as transferable rights offerings. Updates also identify Cushing Asset Management, LP, doing business as NXG Investment Management, as the fund's SEC-registered investment adviser.
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.