NXG NextGen Infrastructure Income Fund

NXG NextGen Infrastructure Income Fund is a non-diversified, closed-end management investment company. It has an objective of seeking high total return with an emphasis on current income. The company was founded on November 16, 2010 and is headquartered in Dallas, TX.

Infrastructure and renewable energy stocks have underperformed the S&P 500 in 2024. This article is a follow-up to my last article in November 2023. The NextGen Infrastructure Income Fund has outperformed its sector peers and has seen a narrowing of its discount to NAV.

NXG: It's Time To Trim This One

DALLAS , Feb. 1, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of February, March, April, and May 2024.  These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount Return of Capital Estimate1 February 15, 2024 February 14, 2024 February 29, 2024 $0.54 100 % March 15, 2024 March 14, 2024 March 28, 2024 $0.54 100 % April 15, 2024 April 12, 2024 April 30, 2024 $0.54 100 % May 15, 2024 May 14, 2024 May 31, 2024 $0.54 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.

NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions

The NXG NextGen Infrastructure Income Fund has a 10-year average annual return of -0.4% and has been funding its distribution entirely from return of capital. The fund primarily invests in equity securities of infrastructure companies, with a focus on both traditional and next-generation infrastructure assets. The fund's distribution yield of 18.0% is not sustainable, and its NAV has declined 59% since 2012. Investors should avoid this fund.

NXG: Poorly Performing Infrastructure Fund, Avoid

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BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

Blackrock ESG Capital Allocation Trust

Eaton Vance Tax-Advantaged Global Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

Western Asset Investment Grade Income Fund

PIMCO Dynamic Income Opportunities Fund

John Hancock Premium Dividend Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Cohen & Steers Quality Income Realty Fund

Reaves Utility Income Fund

I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

My Top 10 Closed-End Fund Holdings: December 2023

NextGen Infrastructure Income Fund is a cheap CEF that invests in sustainable infrastructure and renewable energy investments. NXG trades at a 14.5% discount to NAV and is owned by well-known closed-end fund activists Saba Capital and Bulldog Investors. Infrastructure and renewable energy stocks have been hit hard in 2022 and 2023, but analysts believe they may perform well in the future due to long-term trends.

NXG: A CEF That Invests In Infrastructure And Renewables

Cushing MLP & Infrastructure Total Return Fund

DALLAS , Oct. 9, 2023 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds," and each a "Fund"), announced that effective October 9, 2023, John Musgrave has been appointed president and chief executive officer of Cushing ® Asset Management, LP, the Funds' investment adviser (the "Investment Adviser"). The Board of Trustees of the Funds has also appointed Mr.

NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes

Duff & Phelps Global Utility Income Fund Inc

Nuveen AMT-Free Municipal Value Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)

Energy and renewables, as well as REITs and utilities, have been under pressure this year, affecting NXG NextGen Infrastructure Income Fund. The fund has announced a doubling of its distribution to try to narrow the discount and attract investors. The fund's portfolio is focused on a mix of energy and renewables, with a significant weighting towards energy and top holdings in sustainable infrastructure companies.

NXG: Attractive Distribution Doubled, Deep Discount And An Interesting Portfolio

DALLAS , Sept. 1, 2023 /PRNewswire/ -- The NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of September, October and November, 2023.

NXG NexGen Infrastructure Income Fund (NYSE: NXG) Increases Monthly Distribution 100%

Midstream companies have long been good ways to earn an income, but some people believe that they will soon become obsolete. That is unlikely to be the case, but there is probably going to be more growth in renewable energy than in the fossil fuel sector. NXG NextGen Infrastructure Income Fund invests in a portfolio of both traditional and renewable energy infrastructure companies and applies a layer of leverage to boost the effective yield.

NXG: Interesting Play On Traditional And Renewable Energy While Earning Income

It is difficult to get exposure to renewable or clean energy companies and still get a high yield. NXG NextGen Infrastructure Income Fund invests in a portfolio of both traditional and renewable energy companies in an attempt to provide its investors with an incredibly high yield.

NXG: This CEF Can Help You Play The Energy Transition And Get A High Yield

American Tower

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Flaherty & Crumrine Dynamic Preferred & Income Fund

Digital Realty Trust

Microsoft

iSh SP US PrfSt Shs

Tortoise Essential Assets Income Term Fund

After a strong January, the markets have taken a turn lower for the month of February. While a general pause could be warranted after such a run, strong economic data and inflation sent the markets lower.

4 Closed-End Fund Buys In The Month Of February 2023

Invesco Senior Loan ETF

First Trust MLP & Energy Income Fund

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

First Trust New Opportunities Mlp & Energy Fund

Highland Income Fund

Barings Corporate Investors

Tortoise Energy Infrastructure

Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

Closed-End Funds: Misclassifications Can Lead To Misunderstanding

Ticker NXG was formerly ticker SZC; with this change, "The Cushing" was dropped, and "NXG" was added in front of the fund's name. This change had no investment policy, investment objective or change in adviser; it was a slight name and ticker change only.

NXG: Deep Discount, Big Distribution Boost

DALLAS , Feb. 1, 2023 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.27 per common share for each of February, March, April, and May 2023.  The Fund's monthly distribution for January 2023 was $0.2132 per share.

NXG NextGen Infrastructure Fund (NYSE: NXG) Increases Monthly Distribution 26.64%; Announces Trustee Retirement and Trustee Appointment

Virtus Artificial Intelligence & Technology Opportunities Fund

ARK Innovation ETF

BlackRock Innovation & Growth Trust

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Gabelli Dividend & Income Trust

Tekla Healthcare Investors

Tekla Life Sciences Investors

Voya Asia Pacific High Dividend Equity Income Fund

Voya Global Advantage and Premium Opportunity Fund

iShares Russell 1000 Growth ETF

Pimco Global Stockplus & Income Fund

Invesco QQQ

SPDR S&P 500 ETF Trust

2022 was a year to forget, while most believe 2023 will begin with the same issues that took the equity and bond markets well into bear market territory last year. That is, a hawkish Federal Reserve that doesn't want to let up on strangling inflation into submission while draining market liquidity.

Equity CEFs: Top Picks For 2023

DALLAS , Dec. 1, 2022 /PRNewswire/ -- The Cushing ® MLP & Infrastructure Total Return Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds," and each a "Fund"), announced that effective November 30, 2022, John H. Alban, Chief Executive Officer and President of the Funds, retired from Cushing ® Asset Management, LP, the Funds' investment adviser (the "Investment Adviser") and from his position with the Funds.

Cushing® MLP & Infrastructure Total Return Fund and NXG NextGen Infrastructure Income Fund Announce Officer Changes

Cushing Renaissance Fund

DALLAS , Oct. 21, 2022 /PRNewswire/ -- The Cushing ® NextGen Infrastructure Income Fund (NYSE: SZC, the "Fund") announced a change to the Fund's name. Effective as of November 1, 2022, the Fund's name will be NXG NextGen Infrastructure Income Fund.

News for NXG NextGen Infrastructure Income Fund ETF (NXG)