SRV Rights Deadline And What Comes Next
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The NXG Cushing Midstream Energy Fund (SRV) has a rights offering deadline on Nov. 12, with a subscription price set at 89% of the current NAV if unchanged by Nov. 14. Past offerings have shown significant price volatility.
November 11, 2024 | 3:30 pm
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NEUTRAL IMPACT
The NXG Cushing Midstream Energy Fund (SRV) is undergoing a rights offering with a deadline on Nov. 12. The subscription price is set at 89% of the current NAV if unchanged by Nov. 14, potentially leading to price volatility.
The rights offering could lead to price volatility as seen in past offerings. The subscription price is set at a discount to the current NAV, which may attract investors but also cause fluctuations in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100