Common Shares of NXG NextGen Infrastructure Income Fund

Search documents
NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering
Prnewswireยท 2025-08-14 12:00
Core Viewpoint - NXG NextGen Infrastructure Income Fund successfully completed a transferable rights offering, which was oversubscribed, raising approximately $63 million for investment in infrastructure-related securities [1][2]. Group 1: Offering Details - The rights offering commenced on July 21, 2025, and expired on August 13, 2025, allowing rights holders to subscribe for up to 1,414,904 common shares at a subscription price of $44.92 per share [1]. - The subscription price was set at 90% of the Fund's net asset value per share at the close of trading on the expiration date [1]. - Common shares will be issued after the completion of pro-rata allocation and receipt of all shareholder payments [1]. Group 2: Fund Objectives and Strategy - The Fund aims for a high total return with an emphasis on current income, investing at least 80% of its net assets in equity and debt securities of infrastructure companies [5]. - The investment focus includes energy, industrial, sustainable, and technology infrastructure companies, with a limit of 25% of managed assets in energy master limited partnerships [5]. - The Fund employs leverage as part of its investment strategy, although there is no assurance that it will achieve its investment objectives [6]. Group 3: Fund Management - NXG Investment Management, based in Dallas, Texas, serves as the investment adviser for the Fund, focusing on long-term growth in sustainable and traditional infrastructure sectors [4]. - The Fund is a closed-end management investment company, and its shares are traded on the New York Stock Exchange under the symbol "NXG" [5].