other material
confidence high
sentiment neutral
materiality 0.70
NXG Cushing Midstream Energy Fund launches rights offering for up to 728,317 shares at $33.22
NXG Cushing Midstream Energy Fund
- Record date November 21, 2023; shareholders receive one right per share held, with 3 rights needed to purchase 1 new share.
- Subscription price estimated at $33.22; offering expires December 14, 2023 unless extended.
- Over-subscription privilege allows fully exercised shareholders to subscribe for additional shares, subject to proration.
- Dealer manager agreement signed with UBS Securities LLC; Equiniti Trust acts as subscription agent.