NXG Rights Offering Closing Soon

2025-08-13 15:48:25 ET

NXG NextGen Infrastructure Income Fund's ( NXG ) rights offering is underway and is closing soon. From the press release (excerpts):

DALLAS, July 10, 2025 /PRNewswire/ -- The board of trustees (the "Board") of NXG NextGen Infrastructure Income Fund ((NXG)) (the "Fund") has approved the terms of the issuance of transferable rights ("Rights"). The record date for the Offer is currently expected to be July 21, 2025 (the "Record Date"). Common Shareholders will be entitled to purchase one new Common Share for every three Rights held (1 for 3). The proposed subscription period will commence on the Record Date and is currently anticipated to expire on August 13, 2025 , unless extended by the Fund (the "Expiration Date"). The subscription price per Common Share (the "Subscription Price") will be determined on the Expiration Date, and will be equal to 95% of the average of the last reported sale price of a Common Share of the Fund on the NYSE on the Expiration Date and each of the four (4) immediately preceding trading days (the "Formula Price"). If, however, the Formula Price is less than 90% of the Fund's net asset value per Common Share at the close of trading on the NYSE on the Expiration Date, the Subscription Price will be 90% of the Fund's net asset value per Common Share at the close of trading on the NYSE on that day.

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