DALLAS, Jan. 28,
2025 /PRNewswire/ -- NXG NextGen Infrastructure
Income Fund (NYSE: NXG) (the "Fund") announced today that it has
established an "at-the-market" offering program (the "Offer"),
pursuant to which the Fund may offer and sell common shares of
beneficial interest, par value $0.001
per share ("Common Shares") through a distribution agreement with
Foreside Fund Services, LLC (the "Distributor"). The sales, if any,
of Common Shares made under the program will be made through the
Distributor in transactions that are deemed to be "at-the-market
offerings" as defined in Rule 415 under the Securities Act of 1933,
as amended.
The Fund intends to invest the net proceeds of any sales of
Common Shares in the Offer in accordance with its investment
objective and policies.
The Common Shares will be offered under the Fund's effective
registration statement on file with the Securities and Exchange
Commission (the "SEC"). The Fund has filed a prospectus supplement,
dated January 27, 2025, with the SEC
in connection with the Offer.
The Fund will pay expenses associated with the Offer which will
be borne indirectly by the Fund's common shareholders.
The information herein is not complete and is subject to
change.
This document is not an offer to sell any securities and is
not soliciting an offer to buy any securities in any jurisdiction
where the offer or sale is not permitted. This document is not an
offering, which can only be made by a prospectus supplement and
accompanying prospectus. Investors should consider the Fund's
investment objectives, risks, charges and expenses carefully before
investing. The Fund's prospectus supplement and accompanying
prospectus contain this and additional information about the Fund
and additional information about the Offer, and should be read
carefully before investing.
Additional Information About the Fund
The Fund is a closed-end management investment company with an
investment objective of seeking a high total return with an
emphasis on current income. The Fund seeks to achieve its
investment objective by investing, under normal market conditions,
at least 80% of its net assets, plus any borrowings for investment
purposes, in a portfolio of equity and debt securities of
infrastructure companies, including: (i) energy infrastructure
companies, (ii) industrial infrastructure companies, (iii)
sustainable infrastructure companies, and (iv) technology and
communication infrastructure companies. The Fund will invest no
more than 25% of its Managed Assets in securities of energy master
limited partnerships ("MLPs") that qualify as publicly traded
partnerships under the Internal Revenue Code. The Fund's shares are
traded on the New York Stock Exchange under the symbol
"NXG."
About NXG Investment Management
Cushing® Asset Management, LP ("Cushing") is an SEC-registered investment
adviser headquartered in Dallas,
Texas. Cushing serves as
investment adviser to affiliated funds and managed accounts.
Cushing is doing business as NXG
Investment Management providing Next Generation investment
strategies to investors seeking long-term growth in companies
focused on a clean and sustainable future as well as traditional
and transformational infrastructure companies.
IMPORTANT INFORMATION
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 Cushing do
not assume a duty to update this forward-looking statement.
Contact:
Blake Nelson
NXG Investment Management
214-692-6334
www.nxgim.com
NOT FDIC INSURED
NO
BANK GUARANTEE
MAY
LOSE VALUE
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SOURCE NXG Investment Management
