NXG NextGen Infrastructure Income Fund

NXG NextGen Infrastructure Income Fund is a non-diversified, closed-end management investment company. It has an objective of seeking high total return with an emphasis on current income. The company was founded on November 16, 2010 and is headquartered in Dallas, TX.

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This month, I've added to 11 different positions, but most of these were related to repurchases after the BlackRock tender offers. While I added to 11 different positions, these were all positions I had already held previously, so there were no new positions this month. In fact, I sold out of a fund to consolidate my holdings and reduce the number of funds held, as I did last month as well.

11 Closed-End Fund Buys In The Month Of November 2024

NextGen Infrastructure Income Fund yields 14%, but its reliance on common stocks makes it different from many other CEFs. The fund's diverse portfolio includes traditional and tech-focused infrastructure stocks, aiming for income through dividends and long-term growth. Historical performance shows inconsistent cash flows, with recent dividends supported by leverage and capital gains rather than organic income.

NXG: A Couple Of Holes In This Strategy

DALLAS , Dec. 2, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of December 2024 and January 2025.  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 December 16, 2024 December 16, 2024 December 31, 2024 $0.54 0.00 % January 16, 2025 January 16, 2025 January 31, 2025 $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

The NextGen Infrastructure Income Fund (NXG) offers a 15.77% yield, investing in both traditional and next-gen infrastructure, including renewables and data storage. NXG's performance has been mixed, with recent outperformance but historical underperformance on an NAV basis over longer periods. Management doubled the dividend from $.27 to $.54 in September 2023.

NXG: 15% Yield, 4% Discount On New And Old Infrastructure

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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

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

Aberdeen Standard Global Infr Inc Fd

BlackRock Science & Technology

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

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

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 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 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

Infrastructure and renewable energy stocks have underperformed the S&P 500 in 2024. This article is a follow-up to my last article in November 2023. The NextGen Infrastructure Income Fund has outperformed its sector peers and has seen a narrowing of its discount to NAV.

NXG: It's Time To Trim This One

The NXG NextGen Infrastructure Income Fund has a 10-year average annual return of -0.4% and has been funding its distribution entirely from return of capital. The fund primarily invests in equity securities of infrastructure companies, with a focus on both traditional and next-generation infrastructure assets. The fund's distribution yield of 18.0% is not sustainable, and its NAV has declined 59% since 2012. Investors should avoid this fund.

NXG: Poorly Performing Infrastructure Fund, Avoid

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I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

My Top 10 Closed-End Fund Holdings: December 2023

NextGen Infrastructure Income Fund is a cheap CEF that invests in sustainable infrastructure and renewable energy investments. NXG trades at a 14.5% discount to NAV and is owned by well-known closed-end fund activists Saba Capital and Bulldog Investors. Infrastructure and renewable energy stocks have been hit hard in 2022 and 2023, but analysts believe they may perform well in the future due to long-term trends.

NXG: A CEF That Invests In Infrastructure And Renewables

Cushing MLP & Infrastructure Total Return Fund

DALLAS , Oct. 9, 2023 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds," and each a "Fund"), announced that effective October 9, 2023, John Musgrave has been appointed president and chief executive officer of Cushing ® Asset Management, LP, the Funds' investment adviser (the "Investment Adviser"). The Board of Trustees of the Funds has also appointed Mr.

NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes

Duff & Phelps Global Utility Income Fund Inc

Nuveen AMT-Free Municipal Value Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)

Energy and renewables, as well as REITs and utilities, have been under pressure this year, affecting NXG NextGen Infrastructure Income Fund. The fund has announced a doubling of its distribution to try to narrow the discount and attract investors. The fund's portfolio is focused on a mix of energy and renewables, with a significant weighting towards energy and top holdings in sustainable infrastructure companies.

NXG: Attractive Distribution Doubled, Deep Discount And An Interesting Portfolio

DALLAS , Sept. 1, 2023 /PRNewswire/ -- The NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of September, October and November, 2023.

NXG NexGen Infrastructure Income Fund (NYSE: NXG) Increases Monthly Distribution 100%

Midstream companies have long been good ways to earn an income, but some people believe that they will soon become obsolete. That is unlikely to be the case, but there is probably going to be more growth in renewable energy than in the fossil fuel sector. NXG NextGen Infrastructure Income Fund invests in a portfolio of both traditional and renewable energy infrastructure companies and applies a layer of leverage to boost the effective yield.

NXG: Interesting Play On Traditional And Renewable Energy While Earning Income

It is difficult to get exposure to renewable or clean energy companies and still get a high yield. NXG NextGen Infrastructure Income Fund invests in a portfolio of both traditional and renewable energy companies in an attempt to provide its investors with an incredibly high yield.

NXG: This CEF Can Help You Play The Energy Transition And Get A High Yield

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After a strong January, the markets have taken a turn lower for the month of February. While a general pause could be warranted after such a run, strong economic data and inflation sent the markets lower.

4 Closed-End Fund Buys In The Month Of February 2023

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Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

Closed-End Funds: Misclassifications Can Lead To Misunderstanding

Ticker NXG was formerly ticker SZC; with this change, "The Cushing" was dropped, and "NXG" was added in front of the fund's name. This change had no investment policy, investment objective or change in adviser; it was a slight name and ticker change only.

NXG: Deep Discount, Big Distribution Boost

DALLAS , Feb. 1, 2023 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.27 per common share for each of February, March, April, and May 2023.  The Fund's monthly distribution for January 2023 was $0.2132 per share.

News for NXG NextGen Infrastructure Income Fund ETF (NXG)