NXG: Still Not Sure Where The Income Is

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  Posted by Two Blokes Jul 14 - Filed in Stock - 6 views
  
  I maintain my Hold rating on NXG, as risks I highlighted previously persist, despite no immediate negative developments since my last review. NXG NextGen Infrastructure Income Fund continues to pay dividends in excess of distributable cash flow, relying on return of capital rather than organic portfolio income. The upcoming rights offering does not present a compelling opportunity, especially as shares now trade at a premium to NAV.