NXG Cushing Midstream Energy Fund (N:SRV)
Business Focus: Closed End Funds
Cloudy as of April 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for SRV*US within the last 6 months
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Company News
Feb 01, 2024 08:45 ET
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
DALLAS, Feb. 1, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of February, March, April, and May 2024. These monthly distributions will be payable to common shareholders pursuant to the table below:
Dec 15, 2023 08:15 ET
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering
DALLAS, Dec. 15, 2023 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on November 21, 2023, and expired on December 14, 2023 (the "Expiration Date"). The Offer entitled rights holders to subscribe for up to an aggregate of 728,317 of the Fund's common shares of beneficial interest, par value $0.001 per share ("Common Shares"). The subscription price was $33.20 per Common Share and was determined based upon a formula equal to 88% of the Fund's net asset v
Valuation Ratios
Industry
Sector
Beta
1.36
--
--
Price to Sales - TTM
24.44
9.71
3.63
Price to Book - most recent quarter
1.06
0.94
1.32
Price to Cash Flow per share - TTM
--
12.06
13.19
Price to Free Cash Flow per share - TTM
--
18.32
15.79
Business Summary
| Sector: Financials | Industry: Closed End Funds |
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.
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