NXG Cushing Midstream Energy Fund Announces Oversubscribed Rights Offering

Reuters2025-12-12

$NXG Cushing Midstream Energy Fund(SRV-R)$ Announces Oversubscribed Rights Offering

NXG Cushing Midstream Energy Fund $(SRV)$ has announced the preliminary results of its transferable rights offering, which expired on December 11, 2025. The offering allowed rights holders to subscribe for up to 1,555,870 common shares at a subscription price of $39.89 per share, representing 92.5% of the fund's net asset value at the close of trading on the expiration date. The rights offering was oversubscribed, and common shares will be issued promptly following receipt of shareholder payments and completion of the pro-rata allocation for over-subscription privileges.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NXG Cushing Midstream Energy Fund published the original content used to generate this news brief via PR Newswire (Ref. ID: DA45237) on December 12, 2025, and is solely responsible for the information contained therein.

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