NXG Cushing Midstream Energy Fund

The NXG Cushing® Midstream Energy Fund Announces Fund Name Change

The NXG Cushing Midstream Energy Fund (NYSE: SRV) will change its name to The NXG Cushing Energy Infrastructure Fund effective December 18, 2026. The NYSE ticker symbol and CUSIP remain unchanged, and there is no change to the investment adviser or portfolio management team. The Fund is also broadening its non-fundamental policy from midstream energy to energy infrastructure investments; with 90% of net assets already in energy infrastructure names, no portfolio rebalancing is expected and no shareholder action is required.

•9d ago

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

NXG Cushing Midstream Energy Fund declared monthly distributions of $0.50 per common share for September, October, and November 2026. The distributions are payable on the last business day of each month to shareholders of record on the mid-month dates. Management estimates that approximately 100% of the distributions will be characterized as return of capital, subject to final year-end tax adjustments.

•1mo ago

SRV: 8-K · offering registration

NXG Cushing Midstream Energy Fund entered into a distribution agreement with Foreside Fund Services, LLC to offer and sell up to 1,500,000 common shares through at-the-market offerings. The Fund appointed UBS Securities LLC as a sub-placement agent to assist in the sale of these shares, with sales capped at a minimum price equal to the net asset value plus commission. The offering is conducted pursuant to an effective shelf registration statement on Form N-2, allowing the Fund to raise capital over time without filing a new registration for each tranche.

SEC 8-K•3mo ago

SRV: 8-K · material agreement

NXG Cushing Midstream Energy Fund entered into a new investment advisory agreement effective July 10, 2026, following a change in control of its adviser, Cushing Asset Management, LP. The change occurred when NXG Cushing, LLC, an entity owned by senior employees of the Adviser, acquired a 62% interest in the Adviser from founder Jerry V. Swank, replacing Swank Capital, LLC as the general partner. The Fund notes that there are no material differences between the terms of the New Advisory Agreement and the prior agreement. The management fee remains at an annual rate of 1.25% of the Fund’s Average Weekly Managed Assets, and the Adviser will continue to waive 0.25% of this fee through February 1, 2027. Separately, the Fund announced that shareholders re-elected Brian R. Bruce and John H. Alban as Class I Trustees during the Annual Meeting held on June 18, 2026. The new advisory agreement was approved by shareholders to address the assignment triggered by the adviser's change of control.

SEC 8-K•3mo ago