NXG Cushing Midstream Energy Fund declares monthly distributions for December and January

On December 2, 2024, in Dallas, Texas, the NXG Cushing Midstream Energy Fund announced its monthly distribution rates. The Fund declared a distribution of $0.45 for each common share, applicable for the months of December 2024 and January 2025. This decision is an effort by the Fund's management to return capital to its shareholders based on current earnings and profits. It is essential to note that the final determination regarding the return of capital and its tax status will be announced in early 2025 and 2026 for the respective dividends. In making this declaration, the Fund’s Board of Trustees indicated that the distributions are subject to change depending on compliance with laws and to ensure the Fund remains solvent. The distribution indicates the NXG Cushing Midstream Energy Fund's strategy to share its earnings with investors which reflects on its financial health and operational strategies. The Fund primarily invests in midstream energy companies, focusing on those earning a substantial income from midstream operations. The investment focus of the NXG Cushing Midstream Energy Fund involves at least 80% of its net assets being allocated into midstream energy investments. The classification of companies considered for investment hinges upon their commitment or relevance to midstream services. This approach showcases the Fund’s commitment to optimizing shareholder value while navigating market volatility, particularly in sectors that are critical to the energy landscape. Overall, the monthly distribution announcement rolls out a positive note for investors looking to benefit from midstream energy investments, as it highlights the Fund’s ongoing commitment to delivering returns. Stakeholders are encouraged to monitor the final capital return estimates, which will be reported after the fiscal year closes, ensuring they are fully informed about the distributions' tax implications within the outlined time frame.