NXG NextGen Infrastructure Income Fund Shareholders Approve New Adviser Agreement After Change of Control
Shareholders approved a new investment advisory agreement with Cushing Asset Management, LP after an ownership change at the Adviser, and re-elected two Class II Trustees at an annual meeting adjourned to July 10, 2026. The filing says the new agreement has no material differences from the prior one and no change in the 1.25% advisory fee rate, so the change is administrative in terms of fund terms.
Key points
- On July 10, 2026, NXG Cushing, LLC acquired an interest from founder Jerry V. Swank that gives it an aggregate 62% interest in the Adviser.
- NXG Cushing replaced Swank Capital, LLC as general partner of the Adviser, which triggered an assignment and termination of the prior advisory agreement.
- The advisory fee stays at 1.25% of Average Weekly Managed Assets, and the Adviser's 0.25% fee waiver runs through February 1, 2027.
- Trustees Andrea N. Mullins and John H. Alban were elected to serve until the 2028 annual meeting.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.