Cushing MLP & Price, Forecast, Insider, Ratings, Fundamentals & Signals

Dallas , feb. 1, 2024 /prnewswire/ -- the nxg cushing® midstream energy fund (nyse: srv) (the "fund") declared monthly distributions of $0.45 per common share for each of february, march, april, and may 2024.  these monthly distributions will be payable to common shareholders pursuant to the table below: record date ex-dividenddate payment date distributionamount return of capitalestimate1 2/15/2024 2/14/2024 2/29/2024 $0.45 100 % 3/15/2024 3/14/2024 3/28/2024 $0.45 100 % 4/15/2024 4/12/2024 4/30/2024 $0.45 100 % 5/15/2024 5/14/2024 5/31/2024 $0.45 100 % 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.

Dallas , dec. 15, 2023 /prnewswire/ -- the nxg cushing® midstream energy fund (nyse: srv) (the "fund") announced the preliminary results of its transferable rights offering (the "offer").  the offer commenced on november 21, 2023, and expired on december 14, 2023 (the "expiration date").

Dallas , dec. 4, 2023 /prnewswire/ -- nxg cushing midstream energy fund (nyse: srv) (the "fund") declared monthly distributions of $0.45 per common share for each of september, october, and november 2023. these monthly distributions will be payable to common shareholders pursuant to the table below: record date ex-dividenddate payment date distributionamount return of capitalestimate1 1/17/24 1/16/24 1/31/24 $0.45 100 % 1return of capital is the return of a portion of the shareholder's original investment.

Dallas , oct. 9, 2023 /prnewswire/ -- nxg cushing® midstream energy 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 october 9, 2023, john musgrave has been appointed president and chief executive officer of cushing ® asset management, lp, the funds' investment adviser (the "investment adviser"). the board of trustees of the funds has also appointed mr.

Dallas , sept. 1, 2023 /prnewswire/ -- nxg cushing midstream energy fund (nyse: srv) (the "fund") declared monthly distributions of $0.45 per common share for each of september, october, and november 2023.

For investors interested in generating an income stream in retirement, an investment in midstream energy assets offers a relatively high yield with limited downside risk. My personal portfolio includes midstream energy assets, which I believe income investors should consider adding to their portfolios. The midstream energy sector has shown resilience and outperformed the broader energy sector, with strong asset utilization and positive free cash flow generation.

In the last Equity CEF Performances update on December 8th, I said we were headed for a boom-or-bust this week with CPI, PPI and the Federal Reserve decision on tap. And BOOM it was, after a more dovish Fed and Jerome Powell surprised everyone on Wednesday and started forecasting rate cuts next year in their dot plot plans. Was this political or do they see something the markets don't see in 2024? Who knows, but for now, it is bullish until we get into next year and actually see.

My 2023 Christmas Wish List And 2022 Wish List Results

19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.

NXG Cushing Midstream Energy Fund is offering a transferable 1-for-3 rights offering, allowing investors to subscribe for new shares at a discount. The subscription price will be determined based on a formula that is the higher of 92.5% of the average closing market price or 88% of NAV. If SRV's discount drops below -12% as the offering expires, investors should not subscribe as it would be cheaper to buy new shares on the open market.

NXG Cushing Midstream Energy Fund is one of the few remaining closed-end funds available for midstream investors. The SRV CEF's recent performance has been disappointing, but that may be due to its previously high share price. The fund focuses on midstream companies, which offer stability and high dividend yields.

Midstream partnerships are excellent income vehicles for retirees, but they are difficult to include in retirement accounts due to tax complications. NXG Cushing Midstream Energy Fund invests in a portfolio of these companies and allows you to avoid any tax problems with these companies. The SRV closed-end fund has beaten the MLP index in terms of total return over the past five years.

I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream assets or master limited partnerships (MLPs). Regulated investment companies (RICs) offer high-yield distributions due to tax laws that regulate them and require them to distribute at least 90% of net income to shareholders. I provide specific recommendations for BDCs, REITs, and CEFs, including Trinity Capital, FS KKR Capital, Cion Investment Corp., and others that yield 12% or more annually.

MLPs have been generating steadily increasing cash flows over the past several decades, even during recessions. While the energy sector has outperformed for most of the past 3 years, YTD performance has suffered offering midstream/MLP investors an opportunity to buy steady income at low prices.

SRV trades at a -12% discount to NAV and offers a 16.5% yield based on a monthly distribution. The fund changed names after the employees of Cushing Asset Management bought out the company in 2022 and changed the name to NXG.