NXG NextGen Infrastructure Income Fund Announces Joint Annual Meeting of Shareholders
Ticker: NXG · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1506488
| Field | Detail |
|---|---|
| Company | Nxg Nextgen Infrastructure Income Fund (NXG) |
| Form Type | DEF 14A |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Shareholder Vote, Trustee Election, NXG, Proxy Statement
TL;DR
<b>NXG NextGen Infrastructure Income Fund will hold its Joint Annual Meeting of Shareholders on May 23, 2024, to elect Trustees.</b>
AI Summary
NXG NextGen Infrastructure Income Fund (NXG) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. The Joint Annual Meeting of Shareholders for NXG Cushing® Midstream Energy Fund (SRV) and NXG NextGen Infrastructure Income Fund (NXG) will be held on May 23, 2024. Shareholders will vote on the election of Trustees for both funds. Ms. Andrea N. Mullins is nominated as a Class II Trustee for SRV until 2027. Ms. Andrea N. Mullins and Mr. John H. Alban are nominated as Class II Trustees for NXG until 2026. The Board of Trustees unanimously recommends voting 'FOR' the election of the nominated Trustees.
Why It Matters
For investors and stakeholders tracking NXG NextGen Infrastructure Income Fund, this filing contains several important signals. Shareholders have the opportunity to vote on the composition of the Board of Trustees, directly influencing the governance and strategic direction of the fund. The election of trustees is a critical governance event that allows shareholders to hold management accountable and ensure alignment with fund objectives.
Risk Assessment
Risk Level: low — NXG NextGen Infrastructure Income Fund shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.
Analyst Insight
Shareholders should review the proxy materials and vote on the election of trustees by the meeting date of May 23, 2024.
Key Numbers
- May 23, 2024 — Annual Meeting Date (Joint Annual Meeting of Shareholders for SRV and NXG)
- April 12, 2024 — Record Date (Shareholders entitled to notice and vote)
- 2027 — Trustee Term End (SRV) (Andrea N. Mullins' term as Class II Trustee for SRV)
- 2026 — Trustee Term End (NXG) (Andrea N. Mullins and John H. Alban's terms as Class II Trustees for NXG)
Key Players & Entities
- NXG NextGen Infrastructure Income Fund (company) — Registrant
- NXG Cushing® Midstream Energy Fund (company) — Fund
- SRV (company) — Ticker symbol for NXG Cushing® Midstream Energy Fund
- NXG (company) — Ticker symbol for NXG NextGen Infrastructure Income Fund
- Andrea N. Mullins (person) — Nominee for Class II Trustee
- John H. Alban (person) — Nominee for Class II Trustee
- May 23, 2024 (date) — Date of Annual Meeting
- April 12, 2024 (date) — Record date for shareholders
FAQ
When did NXG NextGen Infrastructure Income Fund file this DEF 14A?
NXG NextGen Infrastructure Income Fund filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by NXG NextGen Infrastructure Income Fund (NXG).
Where can I read the original DEF 14A filing from NXG NextGen Infrastructure Income Fund?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NXG NextGen Infrastructure Income Fund.
What are the key takeaways from NXG NextGen Infrastructure Income Fund's DEF 14A?
NXG NextGen Infrastructure Income Fund filed this DEF 14A on April 19, 2024. Key takeaways: The Joint Annual Meeting of Shareholders for NXG Cushing® Midstream Energy Fund (SRV) and NXG NextGen Infrastructure Income Fund (NXG) will be held on May 23, 2024.. Shareholders will vote on the election of Trustees for both funds.. Ms. Andrea N. Mullins is nominated as a Class II Trustee for SRV until 2027..
Is NXG NextGen Infrastructure Income Fund a risky investment based on this filing?
Based on this DEF 14A, NXG NextGen Infrastructure Income Fund presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.
What should investors do after reading NXG NextGen Infrastructure Income Fund's DEF 14A?
Shareholders should review the proxy materials and vote on the election of trustees by the meeting date of May 23, 2024. The overall sentiment from this filing is neutral.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The filing must adhere to SEC rules for proxy statements, including disclosure requirements and filing deadlines.
Key Dates
- 2024-05-23: Joint Annual Meeting of Shareholders — Shareholders will vote on the election of Trustees.
- 2024-04-12: Record Date — Determines shareholders eligible to vote.
Glossary
- DEF 14A
- Definitive Proxy Statement (This filing type indicates the company is providing definitive proxy materials to shareholders for a meeting.)
- Class II Trustee
- A category of trustee with a specific term length, typically three years. (Relevant to understanding the election process and term lengths of the nominated trustees.)
Filing Stats: 4,818 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-19 17:20:30
Key Financial Figures
- $0.001 — hares of beneficial interest, par value $0.001 per share of NXG Cushing ® Midstre
Filing Documents
- fp0088142-2_def14a.htm (DEF 14A) — 172KB
- fp0088142-2_proxy1.jpg (GRAPHIC) — 209KB
- fp0088142-2_proxy2.jpg (GRAPHIC) — 206KB
- fp0088142-2_proxy3.jpg (GRAPHIC) — 48KB
- 0001398344-24-007406.txt ( ) — 812KB
From the Filing
DEF 14A 1 fp0088142-2_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to 240.14a-12 NXG NextGen Infrastructure Income Fund (Exact Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee paid previously with preliminary materials. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. NXG CUSHING ® MIDSTREAM ENERGY FUND (NYSE: SRV) NXG NEXTGEN INFRASTRUCTURE INCOME FUND (NYSE: NXG) 600 N. Pearl St., Suite 1205 Dallas, Texas 75201 NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS To be held on May 23, 2024 Notice is hereby given to the shareholders of each of NXG Cushing ® Midstream Energy Fund (“ SRV ”) and NXG NextGen Infrastructure Income Fund (“ NXG ” and, together with SRV, the “ Funds ” and each a “ Fund ”) that the Joint Annual Meeting of Shareholders of the Funds (the “ Annual Meeting ”) will be held at the offices of the Funds, 600 N. Pearl St., Suite 1205, Dallas, Texas 75201, on May 23, 2024 at 9:00 A.M. (Central time). The Annual Meeting is being held for the following purposes: 1. To elect Trustees in the following manner (the “ Election of the Trustees ”): (a) With respect to SRV: To elect the Class II Trustee nominee named in the accompanying joint proxy statement, Ms. Andrea N. Mullins, to hold office until SRV’s 2027 annual meeting or until her successor is elected and duly qualified. (b) With respect to NXG: To elect the Class II Trustee nominees named in the accompanying joint proxy statement, Ms. Andrea N. Mullins and Mr. John H. Alban, to hold office until NXG’s 2026 annual meeting or until their respective successors are elected and duly qualified. 2. To transact such other business as may properly come before the Annual Meeting or any adjournments, postponements or delays thereof. THE BOARD OF TRUSTEES OF EACH FUND (COLLECTIVELY, THE “ BOARD ”), INCLUDING THE INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THE ELECTION OF NOMINEE(S) OF THE BOARD LISTED IN THE ACCOMPANYING JOINT PROXY STATEMENT FOR YOUR FUND. The Board has fixed the close of business on April 12, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. We urge you to mark, sign, date, and mail the enclosed proxy or proxies in the postage-paid envelope provided so your shares will be represented at the Annual Meeting. If you owned shares in more than one Fund as of the close of business on April 12, 2024, you may receive more than one proxy card. Please be certain to sign, date and return each proxy card you receive from us. By order of the Board, John Musgrave CEO and President of each Fund Dallas, Texas April 19, 2024 IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE ANNUAL MEETING IN PERSON OR BY PROXY. REGARDLESS OF WHETHER YOU PLAN TO ATTEND THE ANNUAL MEETING, PLEASE SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE OR VOTE BY TELEPHONE OR THROUGH THE INTERNET PURSUANT TO THE INSTRUCTIONS ON THE ENCLOSED PROXY CARD. IF YOU ATTEND THE ANNUAL MEETING AND WISH TO VOTE IN PERSON, YOU WILL BE ABLE TO DO SO AND YOUR VOTE AT THE ANNUAL MEETING WILL REVOKE ANY PROXY YOU MAY HAVE SUBMITTED. MERELY ATTENDING THE ANNUAL MEETING, HOWEVER, WILL NOT REVOKE A PREVIOUSLY GIVEN PROXY. IF YOU INTEND TO ATTEND THE ANNUAL MEETING IN PERSON AND YOU ARE A RECORD HOLDER OF A FUND’S SHARES, IN ORDER TO GAIN ADMISSION YOU WILL BE REQUIRED TO SHOW VALID PHOTOGRAPHIC IDENTIFICATION, SUCH AS YOUR DRIVER’S LICENSE. IF YOU INTEND TO ATTEND THE ANNUAL MEETING IN PERSON AND YOU HOLD YOUR SHARES THROUGH A BANK, BROKER OR OTHER CUSTODIAN, IN ORDER TO GAIN ADMISSION YOU WILL BE REQUIRED TO SHOW VALID PHOTOGRAPHIC IDENTIFICATION, SUCH AS YOUR DRIVER’S LICENSE, AND SATISFACTORY PROOF OF OWNERSHIP OF SHARES OF A FUND, SUCH AS YOUR VOTING INSTRUCTION FORM (OR A COPY THEREOF) OR BROKER’S STATEMENT INDICATING OWNERSHIP AS OF A RECENT DATE. IF YOU HOLD YOUR SHARES IN A BROKERAGE ACCOUNT OR THROUGH A BANK OR OTHER NOMINEE, YOU WILL NOT BE ABLE TO VOTE IN PERSON AT THE ANNUAL MEETING UNLESS YOU HAVE PREVIOUSLY REQUESTED AND OBTAINED A “LEGAL PROXY” FROM YOUR BROKER, BANK OR OTHER NOMINEE AND PRESE