Andrea Mullins, a director at NXG Cushing Midstream Energy Fund (NYSE: SRV), acquired 240 common shares of the fund in a single transaction on February 6, 2026. The shares were bought at $41.63 each for a total outlay of $9,991.
Following that purchase, Mullins now directly holds 1,251.0794 shares of NXG Cushing Midstream Energy Fund. That total includes 11.0794 shares obtained through the fund's Automatic Dividend Reinvestment Plan (DRIP).
Market figures provided with the transaction note that the fund is trading at $42.7 and has a market capitalization of approximately $196.69 million. The price has risen 2.56% over the past week. Year-to-date performance for the fund shows a 7.8% total return.
Dividend metrics for the fund are notable in the disclosure accompanying the transaction. The fund reports an annual dividend payment of $7.54 per share, equating to a dividend yield of 18.11% according to InvestingPro. The fund has paid dividends for 20 consecutive years and has increased its dividend for four consecutive years.
Separately, NXG Cushing Midstream Energy Fund has launched a rights offering. Shareholders of record as of November 17 are eligible to participate. The offering allows those record-date shareholders to subscribe for up to 1,555,870 common shares of beneficial interest. Under the terms described, each shareholder will receive one right for every common share held, and holders can purchase one new common share for every three rights they own.
The offering also provides that shareholders who fully exercise their rights may apply to subscribe for any remaining shares, subject to limitations and allotment procedures outlined in the filing with the Securities and Exchange Commission. The company characterizes the offering as an opportunity for existing shareholders to increase their positions in the fund.
This report presents the transaction details and related corporate actions as disclosed in public filings and data sources cited in the transaction notice.
Contextual note - The piece reports the transaction, current trading statistics, dividend profile, and the specifics of the rights offering as disclosed; it does not infer motives or project outcomes beyond those disclosures.