NXG NextGen Infrastructure Income Fund Announces Rights Offering

What Happened

• NXG NextGen Infrastructure Income Fund (the “Fund”) filed an 8‑K reporting it commenced a rights offering on April 6, 2026.
• The Fund entered into a Dealer Manager Agreement (April 6, 2026) with Cushing® Asset Management, LP (d/b/a NXG Investment Management) and UBS Securities LLC to manage the offering.
• Record‑date shareholders as of the close of business on April 6, 2026 will receive transferable rights entitling them to subscribe for up to 1,930,837 common shares. Rights are issued one per existing common share and convert at a rate of one new common share for every three Rights exercised (1 for 3).

Key Details

• Record Date: April 6, 2026 (close of business).
• Maximum new shares offered: up to 1,930,837 common shares.
• Exercise ratio: 1 new share for every 3 Rights; shareholders with fewer than three shares on the Record Date may subscribe for one full share.
• Administrative agreements: Subscription Agent Agreement with Equiniti Trust Company, LLC and Information Agent Agreement with EQ Fund Solutions, LLC.
• The offer is made under a prospectus supplement dated April 6, 2026 and the Fund’s effective Form N‑2 registration (File No. 333‑287058). Legal opinion from Skadden, Arps, Slate, Meagher & Flom LLP is filed as Exhibit 5.1.

Why It Matters

• This rights offering is a capital‑raising event that gives existing shareholders the opportunity to buy new shares before the Fund sells to others. If shareholders don’t exercise their Rights, their ownership stake could be diluted.
• The ultimate impact (amount raised, dilution, and whether over‑subscription allotments are filled) depends on how many Rights holders exercise and any allotment of unsubscribed shares.
• Investors should review the prospectus supplement and the terms (including any subscription price disclosed in the offering documents) before deciding whether to exercise Rights.