Nelson Blake 4

What Happened
Nelson Blake, Chief Financial Officer & Treasurer of NXG NextGen Infrastructure Income Fund (NXG), purchased 222 common shares on May 7, 2026. The shares were acquired at $58.45 per share for a total of $12,976. The transaction is reported as a purchase (Form 4 transaction code P) and resulted from exercising transferable rights in the Fund’s rights offering.

Key Details

• Transaction date and price: 2026-05-07 at $58.45 per share (222 shares; $12,976 total).
• Filing date: Form 4 filed 2026-05-11 (within the two-business-day reporting window).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Shares were acquired pursuant to the exercise of rights from the Fund’s transferable rights offering (offering expired April 30, 2026); number of shares confirmed to rights holders on May 7, 2026.
• Transaction code: P = Purchase.

Context
This was a purchase via a rights offering — existing rights holders were allowed to subscribe for new common shares at a fixed subscription price ($58.45). This is not an option exercise followed by an immediate sale; the filing shows acquisition of shares through the offering. Purchases by insiders can be informative to investors but do not by themselves prove a change in company prospects.