Here are the DEF 14A proxy statements from NXG Cushing Midstream Energy Fund (SRV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow SRV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRV filings page.
NXG Cushing Energy Fund (SRV) and NXG NextGen Infrastructure Income Fund (NXG) are asking shareholders to elect trustees and approve new advisory agreements tied to a change in their adviser’s ownership. NXG Cushing, LLC, owned by senior employees, plans to acquire enough interest in Cushing Asset Management to reach about 62%, replacing Swank Capital as general partner and triggering a technical “change of control” that terminates the current agreements.
The Boards state the new advisory agreements keep the same investment strategies, advisory services and fee rates, including the 1.25% advisory fee with a 0.25% waiver through February 1, 2027. Portfolio management and senior leadership are expected to remain in place. Trustees highlight strong long-term performance versus small peer groups, while noting relatively high total expense ratios. They unanimously recommend voting “FOR” all trustee nominees and “FOR” the new advisory agreements to avoid disruption of advisory services.