NXG Cushing Midstream Energy Fund Files 8-K

TL;DR

NXG Cushing Midstream Energy Fund filed an 8-K on Jan 14, 2025, reporting a material definitive agreement. Check for details.

AI Summary

On January 14, 2025, NXG Cushing Midstream Energy Fund filed an 8-K report detailing a material definitive agreement. The filing also included other events and financial statements/exhibits. The company, formerly known as Cushing MLP & Infrastructure Total Return Fund, is incorporated in Delaware and based in Dallas, Texas.

Why It Matters

This 8-K filing indicates a significant event or agreement for the NXG Cushing Midstream Energy Fund, requiring public disclosure. Investors should review the details of the material definitive agreement.

Risk Assessment

Risk Level: low — This is a routine filing for an 8-K, primarily reporting a material definitive agreement and other standard disclosures, without immediate indication of significant financial distress or operational change.

Key Players & Entities

• NXG Cushing Midstream Energy Fund (company) — Registrant
• Cushing MLP & Infrastructure Total Return Fund (company) — Former Company Name
• Delaware (jurisdiction) — State of Incorporation
• Dallas, Texas (location) — Business Address
• January 14, 2025 (date) — Date of Report
• January 13, 2025 (date) — Date of Earliest Event Reported

FAQ

Key Financial Figures

• $0.001 — eficial interest of the Fund, par value $0.001 per share (the "Common Shares"), from t

Filing Documents

• fp0091852-1_8kixbrl.htm (8-K) — 37KB
• fp0091852-1_ex11.htm (EX-1.1) — 100KB
• fp0091852-1_ex12.htm (EX-1.2) — 105KB
• fp0091852-1_ex51.htm (EX-5.1) — 30KB
• 0001398344-25-000658.txt ( ) — 493KB
• srv-20250113.xsd (EX-101.SCH) — 3KB
• srv-20250113_lab.xml (EX-101.LAB) — 33KB
• srv-20250113_pre.xml (EX-101.PRE) — 22KB
• fp0091852-1_8kixbrl_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. On January 13, 2025, NXG Cushing Midstream Energy Fund (NYSE:SRV) (the "Fund") entered into an amended and restated distribution agreement (the "Distribution Agreement") with Foreside Fund Services, LLC (the "Distributor"), pursuant to which the Fund may offer and sell up to 745,000 common shares of beneficial interest of the Fund, par value $0.001 per share (the "Common Shares"), from time to time, through the Distributor, in transactions deemed to be "at the market" as defined in Rule 415 under the Securities Act of 1933, as amended (the "Offering"). The minimum price on any day at which Common Shares may be sold will not be less than the then current net asset value per Common Share plus the per Common Share amount of the commission to be paid to the Distributor. Pursuant to the Distribution Agreement, the Distributor may enter into sub-placement agent agreements with one or more selected dealers. The Distributor has entered into an amended and restated sub-placement agent agreement, dated January 13, 2025 (the "Sub-Placement Agent Agreement"), with UBS Securities LLC (the "Sub-Placement Agent") relating to the Common Shares to be offered under the Distribution Agreement. The Offering is being made pursuant a prospectus supplement, dated January 13, 2025 and the accompanying prospectus, dated November 13, 2023, each of which constitute part of the Fund's effective shelf registration statement on Form N-2 (File No. 333-273954) previously filed with the Securities and Exchange Commission (the "Registration Statement"). The foregoing descriptions of the Distribution Agreement and the Sub-Placement Agent Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Distribution Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference, and the full text of the Sub-Placement Agent Agreement filed with this report as Exhibit 1.2

View Full Filing

View this 8-K filing on SEC EDGAR