The NXG NextGen Infrastructure Income Fund (NYSE: NXG) has announced the terms of a rights offering, allowing common shareholders to subscribe for additional shares. Shareholders will receive one transferable right per share held as of July 21, 2025, and can purchase one new share for every three rights. The subscription period is set to expire on August 13, 2025. The subscription price will be determined based on the average trading price or 90% of the net asset value, whichever is higher. The offering aims to support the fund's financial stability.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NXG Nextgen Infrastructure Income Fund published the original content used to generate this news brief via PR Newswire (Ref. ID: DA28270) on July 10, 2025, and is solely responsible for the information contained therein.