NXG

NXG NextGen Infrastructure Income Fund
NXG

$40.68

1.55%

Market Cap: $106M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3.78% less ownership

Funds ownership: 12.17% [Q1] → 8.39% (-3.78%) [Q2]

18% less capital invested

Capital invested by funds: $12.3M [Q1] → $10.1M (-$2.18M) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

30% less funds holding

Funds holding: 27 [Q1] → 19 (-8) [Q2]

80% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 10

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Research analyst outlook

We haven’t received any recent analyst ratings for NXG.

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Financial journalist opinion

9 Closed-End Fund Buys In The Month Of August 2024

The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.

9 Closed-End Fund Buys In The Month Of August 2024

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

DALLAS , Sept. 3, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of September, October, and November 2024.

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

NXG: A Good Way To Add Renewable Energy To A Portfolio And Profit From Electrification

The NXG NextGen Infrastructure Income Fund offers a 16.80% yield, providing investors with exposure to renewable energy and the energy transition without sacrificing income. The fund's recent performance has been impressive, outperforming the S&P 500 Index and delivering a total return of 43.04% over ten months. The fund's portfolio consists of a combination of renewable energy and natural gas midstream, which gives it exposure to companies that are likely to benefit from the "green" transition.

NXG: A Good Way To Add Renewable Energy To A Portfolio And Profit From Electrification

4 Closed-End Fund Buys In The Month Of July 2024

Every month, I add or initiate new positions in my closed-end fund portfolio. This creates a snowball of growing monthly cash flow over time. With the market continuing to perform well at/near all-time highs, letting some cash build up also doesn't hurt.

4 Closed-End Fund Buys In The Month Of July 2024

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering

DALLAS , July 18, 2024 /PRNewswire/ -- The NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on June 20, 2024, and expired on July 17, 2024 (the "Expiration Date").

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Terms of Rights Offering and Change to Record Date of July Distribution

DALLAS , June 10, 2024 /PRNewswire/ -- The board of trustees (the "Board") of NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares (the "Common Shareholders") of beneficial interest, par value $0.001 per share ("Common Shares"), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the "Offer"). The Board, based on the recommendations and presentations of the Fund's investment adviser, Cushing ® Asset Management, LP, doing business as NXG Investment Management (the "Investment Adviser"), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment.

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Terms of Rights Offering and Change to Record Date of July Distribution

NXG: Distribution Boost Does Its Job

NXG NextGen Infrastructure Income Fund's discount has narrowed materially thanks to the much higher distribution. Though there was some considerable volatility shortly after our prior update, the fund's performance eventually saw some meaningful upside. With the fund's discount being much more narrow these days, the overall appeal of adding to this fund isn't quite what it was previously.

NXG: Distribution Boost Does Its Job

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

DALLAS , June 3, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of June, July, and August 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount Return of Capital Estimate 1 June 17, 2024 June 17, 2024 June 28, 2024 $0.54 100 % July 16, 2024 July 16, 2024 July 31, 2024 $0.54 100 % August 15, 2024 August 15, 2024 August 30, 2024 $0.54 100 % 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.

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

NXG: Strong Bounce On Narrowing Discount But Watch Portfolio Risks

NXG NextGen Infrastructure Income Fund has seen a strong performance in the short-term, benefiting from a closing of the fund's discount to net asset value. However, the fund has significantly underperformed other infrastructure funds over the long-run. The recent performance of NXG is primarily driven by a reallocation of the portfolio into riskier sectors and a closing of the discount to NAV, raising concerns about future performance.

NXG: Strong Bounce On Narrowing Discount But Watch Portfolio Risks

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