Form 4: NXG Cushing Midstream Energy Fund SRV Trustee Sells Shares on Open Market

A trustee of NXG Cushing Midstream Energy Fund SRV sold shares on the open market on December 10, 2024.

Summary

• A trustee of NXG Cushing Midstream Energy Fund SRV, Alban John, sold shares on the open market.
• The sale occurred on December 10, 2024.
• The transaction involved the sale of 1,089.6452 shares at a price of $44.76 per share.
• The sale was executed by Brad Mead.

Sentiment

Score: 5

Explanation: The document reports a routine share sale by a trustee, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This transaction reflects typical trading activity in the energy fund sector, where trustees may sell shares for various reasons.

Comparison to Industry Standards

• Share sales by trustees are a common occurrence in the investment fund industry.
• The volume of shares sold is relatively small and may not be significant compared to the overall trading volume of similar funds.
• Comparable companies such as other midstream energy funds may have similar trustee trading activity.

Stakeholder Impact

• The share sale may have a minor impact on the fund's share price, but the volume is relatively small.

Key Dates

Keywords

NXG Cushing Midstream Energy Fund SRV, share sale, trustee, open market, energy fund