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DALLAS, December 1, 2022 /PRNewswire/ — NKSG NextGen Infrastructure Income Fund (NISE: NKSG ) (the “Fund”) announced its monthly distribution of $0.2132 per common share for each of December 2022 and January 2023. These monthly distributions will be paid to shareholders in according to the table below:
|
Record-Date |
Ex Dividend Date |
date of payment |
Amount of distribution |
Return of capital assessment1 |
|
13.12.2022 |
12.12.2022 |
30.12.2022 |
$0.2132 |
88% |
|
18.01.2023 |
17.01.2023 |
31.01.2023 |
$0.2132 |
88% |
1Estimation of capital return is based on the current expected earnings and profits of the Fund for the fiscal year and does not include the projection of gains and losses from the sale of securities that may occur during the remaining part of the year. It is currently expected, but not certain, that approximately 88% of the Fund’s distribution will be treated as a return of capital. The final determination of these amounts will be made and announced to shareholders at the beginning of 2023, after the end of the calendar year when the Fund determines its earnings and profit for that year. The final tax status of any distribution may differ materially from this preliminary information.
Each distribution will be paid on the payment date unless the Fund’s Board of Directors delays the payment of such distribution after determining that such delay is necessary to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they fall due and continue as a going concern.
ADDITIONAL INFORMATION ABOUT THE FUND
The Fund is a non-diversified, closed-end investment management company with an investment objective of seeking high total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity and debt securities of infrastructure companies, including: (i) energy infrastructure companies, ( ii) companies for industrial infrastructure, (iii) companies for sustainable infrastructure and (iv) companies for technological and communication infrastructure. The Fund will not invest more than 25% of its assets under management in securities of energy master limited partnerships (“MLPs”) that qualify as publicly traded partnerships under the Internal Revenue Code. The Fund’s shares are traded on the New York Stock Exchange under the symbol “NKSG”.
There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund include operating expenses and fees. The net asset value of the Fund will vary with the value of the underlying securities. It is important to note that closed-end funds trade at their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.
Future distributions will be made by the Fund if and when declared by the Fund’s Board of Directors, based on consideration of a number of factors, including the Fund’s continued compliance with the terms and financial obligations of its leveraged financing instrument, the Fund’s net investment income, financial performance and available cash. There can be no assurance that the amount or timing of distributions in the future will be equal to or similar to those described herein or that the Board of Directors will not decide to suspend or terminate the payment of distributions in the future.
About CUSHING® ASSET MANAGEMENT, LP
Cushing is an SEC-registered investment adviser based in Dallas, Texas. Cushing serves as an investment advisor to the linked funds and managed accounts.
Contact:Blake NelsonCushing® Asset Management, LP214-692-6334vvv.cushingasset.comvvv.cushingcef.com
IMPORTANT INFORMATION
This press release will not constitute an offer to sell or an invitation to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be illegal prior to registration or qualification under the laws of such state or jurisdiction.
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are included “forward-looking statements” herein. Although the Fund and Cushing believe that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those discussed in the company’s filings with the Securities and Exchange Commission. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Funds and Cushing undertake no obligation to update this forward-looking statement.
See original content: https://www.prnevsvire.com/nevs-releases/nkg-nektgen-infrastructure-income-fund-nise-nkg-announces-distributions-301691608.html
SOURCE Cushing® Asset Management, LP
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