Cushing MLP & Infrastructure Total Return Fund

The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The company was founded on May 23, 2007 and is headquartered in Dallas, TX.

NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The company was founded on May 23, 2007 and is headquartered in Dallas, TX.

Alerian MLP ETF

Constellation Energy Corp

ClearBridge Energy MLP Opportunity Fund Inc

Kayne Anderson MLP Investment

Neuberger Berman MLP Income Fund, Inc.

Tortoise Energy Infrastructure

Vistra Energy

Energy Select Sector SPDR Fund

Utilities Select Sector SPDR Fund

The energy sector seems to be in constant boom or bust, resulting in wildly swinging performance from year to year relative to most other sectors. That said, energy is still essential for civilization to function and that requires ways to produce and move it. Today, we are comparing several closed-end funds in the energy infrastructure space, including a few that are more heavily focused on MLPs.

Closed-End Funds: A Look At Comparing Some Energy Infrastructure Plays

Barings Global Short Duration High Yield Fund

Eagle Point Credit

Barings Corporate Investors

Barings Participation Investors

PIMCO Dynamic Income Opportunities Fund

PIMCO Dynamic Income Strategy Fund

Several closed-end funds, or CEFs, have declared special year-end distributions, rewarding shareholders with holiday bonuses and meeting regulatory distribution requirements to avoid excise taxes. PIMCO Dynamic Income Strategy Fund declared a special distribution of $0.37 per share, reflecting strong capital gains and a strategic shift from its energy-focused origins. Barings Participation Investors announced a special distribution of $0.10 per share, highlighting its strong performance and commitment to high current income and capital appreciation.

The 2024 CEF Year-End Specials

DALLAS , Dec. 17, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $0.31477 per common share. This special distribution will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount December 27, 2024 December 27, 2024 December 31, 2024 $0.31477 This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

Blue-chip midstream stocks are one of the most attractive sectors right now. CEFs like SRV have the potential to accentuate the strengths of MLPs while also mitigating one of their biggest drawbacks. We take a deeper look at 12%-yielding SRV to see if it is a Buy right now.

12%-Yielding Monthly Dividends From Blue Chip Midstreams: Is SRV A Buy?

Aberdeen Standard Global Infr Inc Fd

Cornerstone Strategic Value Fund Inc

XAI Octagon Floating Rate & Alternative Income Term Trust

As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure.

Year-End Review Of High-Yield Closed-End Funds

DALLAS , Nov. 15, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer").  The Offer commenced on October 23, 2024, and expired on November 14, 2024 (the "Expiration Date").

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering

The deadline to submit shares for the NXG Cushing Midstream Energy fund Rights Offering is Tuesday, Nov. 12, though brokerages may differ. If the NAV and common shares remained unchanged by the Nov. 14 expiration, the subscription price would be 89% of SRV's current $47.46/share NAV price, or roughly $42.24. Of course, anything could happen before Thursday's expiration, and if you go on last year's Rights Offering, SRV has some wild swings before everything settled out.

SRV Rights Deadline And What Comes Next

Energy Transfer LP Unit

Cheniere Energy

Targa Resources

Williams

The energy sector, particularly midstream companies, is set to benefit from Trump's pro-oil and gas policies, boosting fossil fuel investments. Midstream companies like Energy Transfer are experiencing significant growth due to rising natural gas demand from power plants and data centers. Investing in CEFs holding midstream assets offers high yields, leverage benefits, and avoids K-1 tax issues, making them attractive for income-oriented investors.

Four Midstream Energy CEFs Now Offer Strong Total Return Potential

In the past year, I have been actively covering the midstream market with a focus on high and durable income plays. Many followers have shown an interest in SRV, which is a midstream infrastructure CEF, offering 11.5% in yield. The potential attractiveness stems from its juicy yield, diversification and reducing interest rate effects on its external leverage component.

SRV: High Yielding Infrastructure Case That Has To Be Avoided

The NXG Cushing Midstream Energy Fund offers a high yield without tax complications, making it suitable for tax-advantaged retirement accounts. The fund's 11.48% yield is significantly higher than its peers, but investors should monitor its sustainability and net asset value. The fund claims to have the ability to invest in debt and fixed-income securities, but it does not appear to be doing so to any great degree.

SRV: Still Looking Like A Solid Midstream Investment

DALLAS , Oct. 10, 2024 /PRNewswire/ -- The board of trustees (the "Board") of NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares (the "Common Shareholders") of beneficial interest, par value $0.001 per share ("Common Shares"), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the "Offer"). The Board, based on the recommendations and presentations of the Fund's investment adviser, Cushing ® Asset Management, LP, doing business as NXG Investment Management (the "Investment Adviser"), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering and Announces December Monthly Distribution

NXG Cushing Midstream Energy Fund offers a high yield of 12.56%, making it attractive to investors seeking high yields. The fund has outperformed the Alerian MLP Index and S&P 500 Index over the past few years when measured on a total return basis. The fund primarily invests in midstream energy companies and master limited partnerships, with leveraged assets comprising 29.23% of its portfolio.

SRV: Increasing Leverage And Premium Valuation Are Both Concerns

DALLAS , May 17, 2024 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced today that it has established an "at-the-market" offering program (the "Offer"), pursuant to which the Fund may offer and sell common shares of beneficial interest, par value $0.001 per share ("Common Shares") through a distribution agreement with Foreside Fund Services, LLC (the "Distributor"). The sales, if any, of Common Shares made under the program will be made through the Distributor in transactions that are deemed to be "at-the-market offerings" as defined in Rule 415 under the Securities Act of 1933, as amended.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces At-the-Market Offering Program

The NXG Cushing Midstream Energy Fund offers income-seeking investors exposure to midstream partnerships, which have outperformed the S&P 500 Index over the past three years. The fund delivers a high level of income, boasting a 12.35% yield, higher than most of its peers. The fund's share price has increased by 21.55% since November 2023, outperforming both the Alerian MLP Index and the large-cap stock index.

SRV: Great Midstream Energy Fund With A High Yield, But Extremely Expensive

Ares Capital

BlackRock Floating Rate Income Trust

VanEck Vectors BDC Income ETF

Eaton Vance Enhanced Equity Income Fund

Virtus AllianzGI Equity & Convertible Income Fund

Putnam BDC Income ETF

SPDR S&P 500 ETF Trust

Invesco Senior Income Trust

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

For investors interested in generating an income stream in retirement, an investment in midstream energy assets offers a relatively high yield with limited downside risk. My personal portfolio includes midstream energy assets, which I believe income investors should consider adding to their portfolios. The midstream energy sector has shown resilience and outperformed the broader energy sector, with strong asset utilization and positive free cash flow generation.

SRV: Midstream Energy Is Driving Strong, Uncorrelated Returns, Now Yielding 15%

In the last Equity CEF Performances update on December 8th, I said we were headed for a boom-or-bust this week with CPI, PPI and the Federal Reserve decision on tap. And BOOM it was, after a more dovish Fed and Jerome Powell surprised everyone on Wednesday and started forecasting rate cuts next year in their dot plot plans. Was this political or do they see something the markets don't see in 2024? Who knows, but for now, it is bullish until we get into next year and actually see.

Equity CEFs: Owners Of SRV Take Notice

Advanced Micro Devices

Chevron

Hercules Capital

IonQ

MPLX

Runway Growth Finance Corp

SoFi Technologies

Tesla

I present my secret Santa list of Christmas wish list stocks for 2023 that I expect to outperform the market in 2024.

My 2023 Christmas Wish List And 2022 Wish List Results

BlackRock Energy and Resources Trust

Blackrock Long-Term Municipal Advantage Trust

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Eaton Vance National Municipal Opportunities Trust

Aberdeen Global Income Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Nuveen Mortgage Opportunity Term Fund

Nuveen California AMT-Free Quality Municipal Income Fund

PIMCO Income Strategy Fund II

Cohen & Steers Quality Income Realty Fund

Columbia Seligman Premium Technology Growth Func Inc

abrdn World Healthcare Fund 

19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.

Weekly Closed-End Fund Roundup: November 26, 2023

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 offering expires, investors should not subscribe as it would be cheaper to buy new shares on the open market.

SRV: Rights Offering Analysis

NXG Cushing Midstream Energy Fund is one of the few remaining closed-end funds available for midstream investors. The SRV CEF's recent performance has been disappointing, but that may be due to its previously high share price. The fund focuses on midstream companies, which offer stability and high dividend yields.

SRV: This 14.79%-Yielder Finally Looks Worthwhile

NXG NextGen Infrastructure Income 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

Midstream partnerships are excellent income vehicles for retirees, but they are difficult to include in retirement accounts due to tax complications. NXG Cushing Midstream Energy Fund invests in a portfolio of these companies and allows you to avoid any tax problems with these companies. The SRV closed-end fund has beaten the MLP index in terms of total return over the past five years.

SRV: A Very Good 13%+ Yielding Fund, But Premium Valuation

AGNC Investment

Ellington Financial

FS KKR Capital Corp

Guggenheim Strategic Opportunities Fund

Trinity Capital

I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream assets or master limited partnerships (MLPs). Regulated investment companies (RICs) offer high-yield distributions due to tax laws that regulate them and require them to distribute at least 90% of net income to shareholders. I provide specific recommendations for BDCs, REITs, and CEFs, including Trinity Capital, FS KKR Capital, Cion Investment Corp., and others that yield 12% or more annually.

A Dozen Income Picks Yielding 12% Or More

MLPs have been generating steadily increasing cash flows over the past several decades, even during recessions. While the energy sector has outperformed for most of the past 3 years, YTD performance has suffered offering midstream/MLP investors an opportunity to buy steady income at low prices.

News for Cushing MLP & Infrastructure Total Return Fund ETF (SRV)