NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced monthly distributions of $0.45 per common share for February, March, April, and May 2025. The distributions will be payable on the respective payment dates: February 28, March 31, April 30, and May 30, 2025.
It is anticipated that approximately 100% of the Fund's distributions will be treated as a return of capital, with final tax status determination to be reported to shareholders in early 2026. The Fund is a non-diversified, closed-end management investment company that invests at least 80% of its net assets in midstream energy investments, focusing on companies providing services in energy infrastructure sectors.
The Fund considers companies as midstream energy companies if at least 50% of their assets, income, sales, or profits are related to midstream energy services. The Fund trades on the NYSE under the symbol 'SRV'.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) ha annunciato distribuzioni mensili di $0.45 per azione ordinaria per febbraio, marzo, aprile e maggio 2025. Le distribuzioni saranno pagabili nelle rispettive date di pagamento: 28 febbraio, 31 marzo, 30 aprile e 30 maggio 2025.
Si prevede che circa il 100% delle distribuzioni del Fondo sarà trattato come un rimborso di capitale, con la determinazione finale dello stato fiscale che sarà riportata agli azionisti all'inizio del 2026. Il Fondo è una società di investimento di gestione chiusa, non diversificata, che investe almeno l'80% delle proprie attività nette in investimenti nel settore energetico midstream, concentrandosi su aziende che forniscono servizi nei settori dell'infrastruttura energetica.
Il Fondo considera le aziende come aziende energetiche midstream se almeno il 50% delle loro attività, reddito, vendite o profitti sono correlati ai servizi energetici midstream. Il Fondo è quotato al NYSE con il simbolo 'SRV'.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) ha anunciado distribuciones mensuales de $0.45 por acción ordinaria para febrero, marzo, abril y mayo de 2025. Las distribuciones se pagarán en las respectivas fechas de pago: 28 de febrero, 31 de marzo, 30 de abril y 30 de mayo de 2025.
Se anticipa que aproximadamente el 100% de las distribuciones del Fondo serán tratadas como un retorno de capital, con la determinación final del estado fiscal que se informará a los accionistas a principios de 2026. El Fondo es una compañía de inversión de gestión cerrada y no diversificada que invierte al menos el 80% de sus activos netos en inversiones de energía midstream, enfocándose en empresas que brindan servicios en los sectores de infraestructura energética.
El Fondo considera a las empresas como empresas energéticas midstream si al menos el 50% de sus activos, ingresos, ventas o ganancias están relacionadas con los servicios de energía midstream. El Fondo cotiza en la NYSE bajo el símbolo 'SRV'.
NXG Cushing® Midstream Energy Fund (NYSE: SRV)는 2025년 2월, 3월, 4월 및 5월에 대해 주당 $0.45의 월 배당금을 발표했습니다. 배당금은 각 지급일인 2025년 2월 28일, 3월 31일, 4월 30일, 5월 30일에 지급될 예정입니다.
약 100%의 펀드 배당금이 자본 환급으로 처리될 것으로 예상되며, 최종 세금 지위 결정은 2026년 초 주주에게 보고될 예정입니다. 이 펀드는 미분산 폐쇄형 관리 투자 회사로, 자산의 최소 80%를 에너지 인프라 부문에서 서비스를 제공하는 회사에 투자합니다.
펀드는 자산, 수익, 판매 또는 이익의 최소 50%가 미드스트림 에너지 서비스와 관련된 회사를 미드스트림 에너지 회사로 간주합니다. 이 펀드는 NYSE에서 'SRV' 기호로 거래됩니다.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) a annoncé des distributions mensuelles de 0,45 $ par action ordinaire pour février, mars, avril et mai 2025. Les distributions seront payables aux dates de paiement respectives : 28 février, 31 mars, 30 avril et 30 mai 2025.
Il est prévu qu'environ 100 % des distributions du Fonds seront considérées comme un retour de capital, la détermination finale du statut fiscal devant être rapportée aux actionnaires au début de 2026. Le Fonds est une société d'investissement en gestion fermée, non diversifiée, qui investit au moins 80 % de ses actifs nets dans des investissements énergétiques midstream, en se concentrant sur des entreprises fournissant des services dans les secteurs de l'infrastructure énergétique.
Le Fonds considère les entreprises comme des entreprises énergétiques midstream si au moins 50 % de leurs actifs, revenus, ventes ou bénéfices sont liés aux services énergétiques midstream. Le Fonds est coté au NYSE sous le symbole 'SRV'.
NXG Cushing® Midstream Energy Fund (NYSE: SRV) hat monatliche Ausschüttungen von 0,45 $ pro Stammaktie für Februar, März, April und Mai 2025 angekündigt. Die Ausschüttungen werden an den jeweiligen Zahlungstagen erfolgen: 28. Februar, 31. März, 30. April und 30. Mai 2025.
Es wird erwartet, dass etwa 100 % der Ausschüttungen des Fonds als Kapitalrückfluss behandelt werden, wobei die endgültige Steuerstatusbestimmung Anfang 2026 den Aktionären mitgeteilt wird. Der Fonds ist ein nicht diversifizierter, geschlossener Investmentfonds, der mindestens 80 % seiner Nettomittel in Midstream-Energieinvestitionen investiert und sich auf Unternehmen konzentriert, die Dienstleistungen in den Bereichen Energieinfrastruktur anbieten.
Der Fonds betrachtet Unternehmen als Midstream-Energieunternehmen, wenn mindestens 50 % ihrer Vermögenswerte, Einnahmen, Verkaufszahlen oder Gewinne im Zusammenhang mit Midstream-Energieservices stehen. Der Fonds wird an der NYSE unter dem Symbol 'SRV' gehandelt.
- Consistent monthly distribution of $0.45 per share maintained for four months
- Maintains 80% portfolio allocation to midstream energy investments, providing focused sector exposure
- 100% of distributions expected to be return of capital rather than earned income
- Distributions may be deferred if needed to maintain Fund solvency
Insights
The announced monthly distribution of
Return of Capital Implications: The projected
Infrastructure Focus: The Fund's concentration in midstream energy infrastructure positions it in a sector characterized by relatively stable cash flows from essential services like transportation, storage and processing of energy products. These businesses typically operate with long-term contracts and regulated returns, which can provide some insulation from commodity price volatility.
Risk Considerations: The non-diversified nature of the fund and its use of leverage (as indicated by operating expenses and fees) increases risk factors. Additionally, closed-end funds often trade at discounts to NAV, which could affect total return outcomes for investors. The high distribution rate, while attractive, should be evaluated against the fund's ability to sustain these payments without eroding asset value over time.
Record Date | Ex-Dividend Date | Payment Date | Distribution | Return of Capital |
2/18/2025 | 2/18/2025 | 2/28/2025 | 100 % | |
3/17/2025 | 3/17/2025 | 3/31/2025 | 100 % | |
4/15/2025 | 4/15/2025 | 4/30/2025 | 100 % | |
5/15/2025 | 5/15/2025 | 5/30/2025 | 100 % | |
1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year. It is currently anticipated, but not certain, that approximately
The distribution shall be paid on the payment date unless the payment of such distribution is deferred by the Fund's Board of Trustees upon a determination that such deferral is required in order to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern.
ADDITIONAL INFORMATION ABOUT THE FUND
The Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least
There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.
ABOUT NXG Investment Management
Cushing® Asset Management, LP ("
Contact:
Blake Nelson
NXG Investment Management
214-692-6334
www.nxgim.com
IMPORTANT INFORMATION
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and NXG Investment Management believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and
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SOURCE NXG Investment Management
FAQ
What is the monthly distribution amount for SRV Fund in 2025?
When are the payment dates for SRV's 2025 distributions?
What percentage of SRV's distributions is expected to be return of capital in 2025?
What is the minimum percentage of net assets SRV invests in midstream energy investments?
When will SRV shareholders receive final tax status information for 2025 distributions?
