NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering and Announces December Monthly Distribution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
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Source: Newsfilter
Rights Offering Announcement: NXG Cushing Midstream Energy Fund's Board has approved a rights offering allowing common shareholders to purchase additional shares at a discount, with the record date set for October 23, 2024, and the subscription period expected to end on November 14, 2024.
November Distribution Update: The record date for the Fund's monthly distribution of $0.45 per share has been changed to November 4, 2024, affecting shares issued after this date as they will not be eligible for the distribution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
