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NXG Cushing Midstream Energy Fund
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SRV: Provides Appealing Exposure To Midstream Companies Without The K-1
Seeking Alphaยท 2025-10-16 05:49
Core Insights - The NXG Cushing Midstream Energy Fund (NYSE: SRV) is a closed-end fund focused on providing diversified exposure to the midstream energy sector, aiming for both capital appreciation and current income [1] - SRV has a forward payout rate of $5.40 per share, which translates to a yield of 12.33% [1] Fund Characteristics - SRV is designed to deliver capital appreciation and current income to investors [1] - The fund's structure as a closed-end fund allows for a focused investment strategy within the midstream sector [1] Analyst Background - Michael Del Monte, a buy-side equity analyst with over 5 years of experience, is associated with Monte Independent Investment Research [1] - Del Monte has a diverse background, having spent over a decade in professional services across various industries, including Oil & Gas, Midstream, and Information Technology [1] - Investment recommendations are based on a comprehensive view of the investment ecosystem rather than isolated company analysis [1]