SRV

Weekly Closed-End Fund Roundup: November 26, 2023

Weekly closed-end fund roundup. 19 out of 22 cef sectors are positive on price, and 21 out of the 22 sectors were positive on nav. Real estate was the lead gainer, while mlps lagged. Average price return was +0.79%, and the average yield was +8.76%.

SRV: Rights Offering Analysis

Nxg cushing midstream energy fund is offering a transferable 1-for-3 rights offering, allowing investors to subscribe for new shares at a discount. The subscription price will be determined based on a formula that is the higher of 92.5% of the average closing market price or 88% of nav. If srv's discount drops below -12% as the rights offering expires, investors should not subscribe.

Cushing MLP & Infrastructure Total Return Fund declares $0.45 dividend

Cushing mlp & infrastructure total return fund declares $0.45 dividend. Payable jan. 31; for shareholders of record jan. 17; ex-div jan. 16. Cushing midstream energy fund (srv) declares monthly dividend in line with previous.

Weekly Report: what happened at SRV last week (1127-1201)?

U.S. Natural Gas: Winter Weather, Prices, And Production

Natural gas prices in the u.s. Have been softer in 2023 after a warm winter sent prices tumbling last winter. Winter weather can be a wildcard for natural gas prices. Despite weaker prices, natural gas production growth is expected to continue. New lng export capacity is adding incremental demand, creating growth opportunities for energy infrastructure companies.

Weekly Report: what happened at SRV last week (1120-1124)?

Weekly Report: what happened at SRV last week (1113-1117)?

SRV: This 14.79%-Yielder Finally Looks Worthwhile

Nxg cushing midstream energy fund is one of the few remaining closed-end funds available for midstream investors. The fund focuses on midstream companies, which offer stability and high dividend yields. Srv cef's recent performance has been disappointing, but the fund is now trading at a discount on net asset value. The fund's 14.79% distribution yield is surprising, but appears to be fully covered.