NXG Cushing Fund Declares Special Distribution of $2.14 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Special Distribution Announcement: NXG Cushing Fund declares a special distribution of $2.14 per common share, payable on December 31, 2025, aimed at meeting 2025 distribution requirements to ensure compliance and maintain solvency.
- Additional Dividend Information: This special distribution supplements the previously announced $0.45 per share dividend, demonstrating the fund's proactive approach to investor returns and enhancing investor confidence.
- Tax Implications Note: It is estimated that 100% of the special distribution will consist of long-term capital gains, although the final tax status will be determined in early 2026, which may affect investors' tax planning.
- Investment Strategy Overview: The NXG Cushing Fund focuses on midstream energy investments, with at least 80% of its net assets allocated to such investments, aiming for high after-tax total returns, reflecting its strategic positioning in the energy infrastructure sector.
SRV
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About SRV
NXG Cushing Midstream Energy Fund, formerly The Cushing MLP & Infrastructure Total Return Fund, is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high after-tax total return from a combination of capital appreciation and current income. The Fund will pursue its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. It considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, biofuels, carbon sequestration and others. Its investment advisor is Cushing Asset Management, LP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
