NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
Prnewswire·2025-12-19 21:30

Core Viewpoint - NXG Cushing® Midstream Energy Fund declared a special distribution of $2.14 per common share to meet its 2025 distribution requirements as a regulated investment company for U.S. federal income tax purposes [1][2] Distribution Details - The special distribution will be payable on December 31, 2025, with a record date and ex-dividend date of December 29, 2025 [1] - This distribution is in addition to the previously announced December distribution of $0.45 per share [1] Tax Implications - It is estimated that 100% of the special distribution will consist of long-term capital gain, with final determination reported to shareholders in early 2026 [2] Fund Overview - The Fund is a non-diversified, closed-end management investment company aiming for high after-tax total returns through capital appreciation and current income [4] - It invests at least 80% of its net assets in midstream energy investments, which include services related to the energy infrastructure sector [4] - The Fund's shares are traded on the New York Stock Exchange under the symbol "SRV" [4] Management Information - Cushing® Asset Management, LP, doing business as NXG Investment Management, serves as the investment adviser for the Fund, focusing on long-term growth in traditional and transformational infrastructure [5]

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