NYSE:NXG

NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes

Retrieved on: 
Monday, October 9, 2023
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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.

NXG NextGen Infrastructure Fund (NYSE: NXG) Increases Monthly Distribution 26.64%; Announces Trustee Retirement and Trustee Appointment

Retrieved on: 
Wednesday, February 1, 2023
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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.

Cushing® MLP & Infrastructure Total Return Fund and NXG NextGen Infrastructure Income Fund Announce Officer Changes

Retrieved on: 
Thursday, December 1, 2022
LP, Region, Financial adviser, Bank, Investment, J. P. Morgan, Cushing, BofA Securities, NYSE, Sale, NXG, Principal, 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.