NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering
NXG Cushing Midstream Energy Fund Common Shares of Beneficial Interest (SRV)
US:NYSE Investor Relations:
cushingcef.com/cushing-mlp-total-return-fund
Company Research
Source: PR Newswire
DALLAS, Nov. 15, 2024 /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 October 23, 2024, and expired on November 14, 2024 (the "Expiration Date"). The Offer entitled rights holders to subscribe for up to an aggregate of 1,004,176 of the Fund's common shares of beneficial interest, par value $0.001 per share ("Common Shares"). The subscription price was $41.80 per Common Share and was determined based upon a formula equal to 89% of the Fund's net asset value ("NAV") per Common Share at the close of trading on the New York Stock Exchange on the Expiration Date. The Offer was oversubscribed. Common Shares will be issued promptly after completion and receipt of all shareholder payments and the pro-rata allocation of Common Shares in respect of the over subscription privilege.Gross proceeds of the Offer are expected to be approximately $42,000,000
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- NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering and Announces December Monthly DistributionPR Newswire
- NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces DistributionsPR Newswire
SRV
Sec Filings
- 11/8/24 - Form 3
- 10/24/24 - Form 8-K
- 10/24/24 - Form 424B2
- SRV's page on the SEC website