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NXG NextGen Infrastructure Income Fund Introduces New Offering Program

In a significant development for investors, the NXG NextGen Infrastructure Income Fund (NYSE: NXG) has just announced the establishment of an "at-the-market" offering program. This initiative allows the Fund to sell shares directly to the market without the need for a formal underwriting process, potentially offering greater flexibility for both the Fund and investors.

What is the At-the-Market Offering?

The at-the-market offering program, governed by Rule 415 under the Securities Act of 1933, enables NXG to sell common shares through a distribution agreement with Foreside Fund Services, LLC. This method is particularly advantageous as it allows for the sale of shares when market conditions are favorable, thereby potentially maximizing the financial benefit to the Fund and its shareholders.

Sales under this program will involve common shares of beneficial interest, each with a par value of $0.001. Importantly, the Fund aims to channel the net proceeds from these sales into investments aligned with its stated objectives and policies.

Financial Strategy Focused on Infrastructure

The NXG Fund is designed to generate a high total return, emphasizing current income. The investment strategy is characterized by an allocation of at least 80% of its net assets in a diverse portfolio that encompasses equity and debt securities from various infrastructure companies. These include energy infrastructure, industrial infrastructure, sustainable infrastructure, and communication technology firms. The Fund limits its investments in securities of energy master limited partnerships to no more than 25% of its managed assets.

Regulatory Disclosure

Investors should note that the Common Shares will be offered under the Fund's effective registration statement filed with the Securities and Exchange Commission (SEC). A prospectus supplement related to the offering was recently filed with the SEC, emphasizing the importance of reviewing the Fund’s investment objectives, risks, charges, and expenses before making any investment decisions.

While the offer is promising, it's critical for investors to remember that the information provided in the recent announcement is subject to change. This offering is not a solicitation to sell or buy securities but rather an information piece, with full details available via the accompanying prospectus.

About NXG Investment Management

NXG Investment Management operates under the umbrella of Cushing® Asset Management, LP, an SEC-registered investment adviser located in Dallas, Texas. The firm specializes in providing innovative investment strategies targeting sustainable and traditional infrastructure sectors, catering to investors interested in long-term growth prospects within the context of clean and sustainable future initiatives.

Looking Forward

This new offering program from NXG indicates a proactive step towards engaging more investors by diversifying its funding avenues. Investors interested in infrastructure investments should keep a close watch on how this program unfolds in the upcoming months and consider its implications for the overall market as well as their personal investment strategies.

In summary, NXG's embrace of the at-the-market offering model showcases its commitment to flexibility and responsiveness in a dynamic investment landscape, positioning itself to capitalize on opportunities in the infrastructure sector.