NXG NextGen Infrastructure Fund Boosts Monthly Distribution by 11.1% to $0.60/Share
Reported by PR Newswire
Sentiment
Positive
Importance
8
Price
$57.78
Mkt Cap
0
52W Low
$45.05
52W High
$60.84
Market data snapshot near publication time
Summary
NXG NextGen Infrastructure Income Fund declared an 11.1% increase in its monthly distribution, raising it to $0.60 per share for June, July, and August. This significant boost for income investors follows the fund's recent successful rights offering, which raised additional capital. The increase signals management's confidence in the fund's investment performance and ability to generate income from its diverse infrastructure portfolio.
At the time of this announcement, NXG was trading at $57.78 on NYSE in the Finance sector. The 52-week trading range was $45.05 to $60.84. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.