This is a routine administrative event — a change-of-control at the adviser triggered a new advisory agreement with identical terms. No change to the fund's investment strategy, fee structure, or operations. Monitor the next quarterly report for any portfolio repositioning under the new ownership structure, but no immediate trading action is warranted.
Price Chart
Executive Summary
NXG NextGen Infrastructure Income Fund filed an 8-K reporting that shareholders approved a new investment advisory agreement with Cushing Asset Management, LP following a change of control at the adviser. NXG Cushing, LLC, owned by senior employees of the adviser, acquired a 62% interest in the adviser from founder Jerry V. Swank, triggering an assignment and termination of the prior agreement. The new agreement has identical terms and the same 1.25% management fee, with a contractual fee waiver of 0.25% through February 1, 2027 — a routine administrative event with no material financial impact.
Key Facts
- Shareholders approved a new investment advisory agreement with Cushing Asset Management, LP at the July 10, 2026 annual meeting.
- NXG Cushing, LLC, owned by senior employees of the adviser, acquired a 62% interest in the adviser from founder Jerry V. Swank, triggering a change of control.
- The new advisory agreement has identical terms and the same 1.25% annual management fee on Average Weekly Managed Assets as the prior agreement.
- The adviser contractually agreed to waive 0.25% of the management fee through February 1, 2027.
- Class II Trustees Andrea N. Mullins and John H. Alban were elected to hold office until the 2028 annual meeting.
Financial Impact
No material financial impact. The advisory fee rate remains unchanged at 1.25% of Average Weekly Managed Assets, with a 0.25% contractual fee waiver through February 1, 2027.
Risk Factors
- No material risks identified — this is a routine governance event with no change to fee structure or investment strategy.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001398344-26-012085 |
| Document: fp0099816-2_8kixbrl.htm | 0001398344-26-012085 |
| Document: 0001398344-26-012085-index-headers.html | 0001398344-26-012085 |
| Document: 0001398344-26-012085-index.html | 0001398344-26-012085 |
| Document: 0001398344-26-012085.txt | 0001398344-26-012085 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 10, 2026 11w ago | 8-K | $62.54 $60.74 | ▼ −2.88% | ▼ −6.06% | $55.06 (−11.97%) |
Jun 22, 2026 14w ago | DEFA14A | $58.50 $59.11 | ▲ +1.04% | ▼ −0.12% | $55.06 (−5.89%) |
Jun 18, 2026 15w ago | DEFA14A | $59.39 $58.81 | ▼ −0.98% | ▼ −0.83% | $55.06 (−7.30%) |
Jun 2, 2026 17w ago | DEFA14A | $59.69 $63.03 | ▲ +5.60% | ▲ +6.60% | $55.06 (−7.77%) |
May 28, 2026 18w ago | DEFA14A | $58.11 $60.74 | ▲ +4.53% | ▲ +6.32% | $55.06 (−5.26%) |
May 7, 2026 21w ago | Insider Cluster | $58.41 $59.69 | ▲ +2.19% | ▼ −0.94% | $55.06 (−5.74%) |
May 7, 2026 21w ago | Insider Cluster | $58.41 $59.69 | ▲ +2.19% | ▼ −0.94% | $55.06 (−5.74%) |
May 7, 2026 21w ago | Insider Cluster | $58.41 $59.69 | ▲ +2.19% | ▼ −0.94% | $55.06 (−5.74%) |
US Market Status
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