Todd Sunderland is Chief Risk Officer and Chief Operating Officer of the Investment Adviser.
Key Points:
- Todd Sunderland is Chief Risk Officer and Chief Operating Officer of the Investment Adviser.
- Before joining the Investment Adviser, he was portfolio analyst at Spinnerhawk Capital Management.
- Mr. Sunderland previously worked in the engineering field, and his engineering experience includes Carter & Burgess (Jacobs) and United Technologies Carrier.
- There will be no impact on the investment approach, investment strategy, or investment objectives or policies for any Fund.
DALLAS, May 24, 2023 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (formerly, The Cushing® MLP & Infrastructure Total Return Fund) ("SRV") and NXG NextGen Infrastructure Income Fund (formerly, The Cushing® NextGen Infrastructure Income Fund) ("NXG") announced the result of the annual shareholder meeting held today.
Key Points:
- DALLAS, May 24, 2023 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (formerly, The Cushing® MLP & Infrastructure Total Return Fund) ("SRV") and NXG NextGen Infrastructure Income Fund (formerly, The Cushing® NextGen Infrastructure Income Fund) ("NXG") announced the result of the annual shareholder meeting held today.
- Shareholders of NXG elected the Class I Trustee nominees of the Board of Trustees, Mr. Brian R Bruce and Mr. Ronald P. Trout, to hold office until NXG's 2025 annual meeting or until their respective successors are elected and duly qualified.
- There can be no assurance that the Fund will achieve its investment objectives.
- The net asset value of the Fund will fluctuate with the value of the underlying securities.
Retrieved on:
Wednesday, February 1, 2023
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Fund The Fund highlights that this is an increased distribution rate compared to what it has distributed previously.
Key Points:
- The Fund highlights that this is an increased distribution rate compared to what it has distributed previously.
- The Fund's net investment income can vary significantly over time; however, the Fund seeks to maintain a more stable monthly distribution per share.
- Shareholders should not assume that the source of a distribution from the Fund is net income or profit.
- The term of the Class II trustees of NXG NextGen Infrastructure Income Fund continues until the annual meeting of shareholders to be held in 2024.
Retrieved on:
Thursday, December 1, 2022
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Trustee DALLAS, Dec. 1, 2022 /PRNewswire/ -- The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds," and each a "Fund"),announced that effective November 30, 2022, John H. Alban, Chief Executive Officer and President of the Funds, retired from Cushing Asset Management, LP, the Funds' investment adviser (the "Investment Adviser") and from his position with the Funds.
Key Points:
- DALLAS, Dec. 1, 2022 /PRNewswire/ -- The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds," and each a "Fund"),announced that effective November 30, 2022, John H. Alban, Chief Executive Officer and President of the Funds, retired from Cushing Asset Management, LP, the Funds' investment adviser (the "Investment Adviser") and from his position with the Funds.
- Mr. Mark Rhodes, Chief Executive Officer of the Investment Adviser, has been appointed to serve as Chief Executive Officer and President of the Funds.
- Cushing, a subsidiary of Swank Capital, is an SEC-registered investment adviser headquartered in Dallas, Texas.
- Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
There can be no assurance that the Fund will achieve its investment objectives.
Key Points:
- There can be no assurance that the Fund will achieve its investment objectives.
- Investments in the Fund involve operating expenses and fees.
- The individual net asset value of the Fund will fluctuate with the value of the underlying securities.
- An investment in the Fund is subject to investment risk, including the possible loss of the entire amount that you invest.
Retrieved on:
Thursday, December 16, 2021
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Trustee The remaining members of each Fund's portfolio management team will continue to be primarily responsible for the day-to-day management of the Fund's portfolio.
Key Points:
- The remaining members of each Fund's portfolio management team will continue to be primarily responsible for the day-to-day management of the Fund's portfolio.
- Mr. Blake Nelson, chief financial officer of Cushing Asset Management, will succeed Mr. Alban as Chief Financial Officer and Treasurer of the Funds.
- Since founding Cushing Asset Management and the launch of the first Cushing closed-end fund nearly 15 years ago, Jerry has built a culture of strong investment performance.
- Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
Retrieved on:
Friday, November 19, 2021
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Security (finance) Ms. Mullins will serve as a Class II trustee of each Fund.
Key Points:
- Ms. Mullins will serve as a Class II trustee of each Fund.
- The term of the Class II trustees of The Cushing NextGen Infrastructure Income Fund continues until the annual meeting of shareholders to be held in 2022.
- The term of the Class II trustees of The Cushing MLP & Infrastructure Total Return Fund continues until the annual meeting of shareholders to be held in 2024.
- Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
Retrieved on:
Tuesday, December 10, 2019
DALLAS, Dec. 10, 2019 /PRNewswire/ --Cushing Asset Management, L.P., a private, independent, employee-owned investment manager, is honored to have been recognized as one of 2019's "Best Places to Work in Money Management" in the recent survey by Pensions & Investments, the global news source of money management.
Key Points:
- DALLAS, Dec. 10, 2019 /PRNewswire/ --Cushing Asset Management, L.P., a private, independent, employee-owned investment manager, is honored to have been recognized as one of 2019's "Best Places to Work in Money Management" in the recent survey by Pensions & Investments, the global news source of money management.
- John Alban, Chief Executive Officer at Cushing Asset Management commented: "We are gratified to receive recognition as a Best Place to Work in Money Management.
- Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
- As of September 30, 2019, Cushing had approximately $2.0 billion of assets under management in closed-end funds, mutual funds, exchange-traded funds, privately offered funds and separately managed accounts.
Retrieved on:
Tuesday, November 26, 2019
DALLAS, Nov. 26, 2019 /PRNewswire/ --Cushing Asset Management,LP, and Swank Capital,LLC, announce an upcoming interim change to the constituents of TheCushing30 MLP Index (the "Index").
Key Points:
- DALLAS, Nov. 26, 2019 /PRNewswire/ --Cushing Asset Management,LP, and Swank Capital,LLC, announce an upcoming interim change to the constituents of TheCushing30 MLP Index (the "Index").
- Constituents of the Index are selected by using a formula-based proprietary valuation model developed by Cushing Asset Management,LP to rank Midstream Companies for potential inclusion in the Index.
- Cushing Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas.
- Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing Energy Index (Bloomberg Ticker: CENI), The Cushing Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing Transportation Index (Bloomberg Ticker: CTRI) and The Cushing Utility Index (Bloomberg Ticker: CUTI).
DALLAS, July 1, 2019 /PRNewswire/ --Cushing Asset Management, L.P. ("Cushing") is pleased to announce that the portfolio management team of Cold Creek Capital has agreed to join the firm.
Key Points:
- DALLAS, July 1, 2019 /PRNewswire/ --Cushing Asset Management, L.P. ("Cushing") is pleased to announce that the portfolio management team of Cold Creek Capital has agreed to join the firm.
- Cold Creek has developed a proven investment philosophy, a distinctive rigorous fundamental research process, a commitment to active management and a strong client-centric culture.
- "Cushing is committed to providing active management that seeks to produce positive risk-adjusted returns in markets where inefficiencies exist.
- Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
