other material
confidence high
sentiment neutral
materiality 0.55
NXG NextGen Infrastructure Income Fund approves new advisory agreement after adviser change of control
NXG NextGen Infrastructure Income Fund
- Shareholders elected Andrea N. Mullins and John H. Alban as Class II Trustees at July 10, 2026 annual meeting.
- NXG Cushing acquired 62% interest in Adviser from founder Jerry V. Swank, becoming general partner.
- Change of control triggered assignment of prior advisory agreement; new agreement entered with identical terms.
- Advisory fee unchanged at 1.25% of Average Weekly Managed Assets; 0.25% fee waiver continues through Feb 1, 2027.
- New agreement has one-year initial term, renewable annually; may be terminated on 60 days' notice.