other material
confidence high
sentiment neutral
materiality 0.75
NXG Cushing Midstream Energy Fund launches rights offering of up to 1,004,176 shares at $42.78 est. price
NXG Cushing Midstream Energy Fund
- Record date Oct 23, 2024; shareholders receive one Right per share, can buy one new share for every three Rights held.
- Estimated subscription price $42.78 per share; offer expires Nov 14, 2024 unless extended.
- UBS Securities LLC serves as dealer manager; Equiniti Trust as subscription agent; EQ Fund Solutions as information agent.
- Oversubscription privilege available for Record Date Shareholders who fully exercise their primary subscription.