0001504304-23-000015.txt : 20230508
0001504304-23-000015.hdr.sgml : 20230508
20230508160039
ACCESSION NUMBER: 0001504304-23-000015
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20230508
DATE AS OF CHANGE: 20230508
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BULLDOG INVESTORS, LLP
GROUP MEMBERS: PHILLIP GOLDSTEIN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NXG NextGen Infrastructure Income Fund
CENTRAL INDEX KEY: 0001506488
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-89590
FILM NUMBER: 23897560
BUSINESS ADDRESS:
STREET 1: 300 CRESCENT COURT, SUITE 1700
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 214-692-6334
MAIL ADDRESS:
STREET 1: 300 CRESCENT COURT, SUITE 1700
CITY: DALLAS
STATE: TX
ZIP: 75201
FORMER COMPANY:
FORMER CONFORMED NAME: Cushing NextGen Infrastructure Income Fund
DATE OF NAME CHANGE: 20200327
FORMER COMPANY:
FORMER CONFORMED NAME: Cushing Renaissance Fund
DATE OF NAME CHANGE: 20120710
FORMER COMPANY:
FORMER CONFORMED NAME: Cushing MLP Income Fund
DATE OF NAME CHANGE: 20101124
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors, LLP
CENTRAL INDEX KEY: 0001504304
IRS NUMBER: 270926182
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
FORMER COMPANY:
FORMER CONFORMED NAME: Bulldog Investors, LLC
DATE OF NAME CHANGE: 20130610
FORMER COMPANY:
FORMER CONFORMED NAME: Brooklyn Capital Management LLC
DATE OF NAME CHANGE: 20101026
SC 13D
1
third.txt
SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
4/25/23
1. NAME OF REPORTING PERSON
Bulldog Investors, LLP
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
4,710
8. SHARED VOTING POWER
88,753
9. SOLE DISPOSITIVE POWER
4,710
_______________________________________________________
10. SHARED DISPOSITIVE POWER
88,753
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
93,463(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
3.59%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
4,710
8. SHARED VOTING POWER
135,842
9. SOLE DISPOSITIVE POWER
4,710
_______________________________________________________
10. SHARED DISPOSITIVE POWER
135,842
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
140,552 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.40%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
4,710
8. SHARED VOTING POWER
135,842
9. SOLE DISPOSITIVE POWER
4,710
_______________________________________________________
10. SHARED DISPOSITIVE POWER
135,842
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
140,552(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.40%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of NextGen Infrastructure Income Fund
("NXG" or the "Issuer").
The principal executive offices of NXG are located at
600 N. Pearl Street, SUite 1205
Dallas, TX 75201
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLP (a Delaware
Limited Liability Partnership), Phillip Goldstein, and Andrew Dakos.
(b) The business address of the reporting persons is Park 80 West-Plaza Two,
250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLP is a registered investment adviser.
Messrs. Goldstein and Dakos are partners of Bulldog
Investors,LLP.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein and Dakos is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of clients of
Bulldog Investors,LLP and on behalf of a registered closed-end investment
company for which Messrs. Goldstein and Dakos have investment and voting
authority.
ITEM 4. PURPOSE OF TRANSACTION
The filing persons believe the issuer's shares are undervalued and are
hopeful management will take action to address the disparity between
market price and net asset value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on 2/6/2023 there were 2,601,714 shares of
common stock outstanding as of 11/30/22. The percentages set forth
herein were derived using such number. Phillip Goldstein and Andrew Dakos
own Bulldog Investors, LLP, a registered investment advisor.
As of May 5, 2023 Bulldog Investors, LLP is deemed to be the beneficial
owner of 93,463 shares of NXG (representing 3.59% of NXG's outstanding
shares) solely by virtue of Bulldog Investors LLP's power to direct the
vote of,and dispose of, these shares.
As of May 5, 2023, each of Messrs. Goldstein and Dakos is deemed to be
the beneficial owner of 140,552 shares of NXG (representing 5.40% of NXG's
outstanding shares) by virtue of their power to direct the vote of, and
dispose of, these shares.
(b)Bulldog Investors,LLP has sole power to dispose of and vote 4,710 shares.
Bulldog Investors, LLP has shared power to dispose of and vote 88,753
shares. Certain of Bulldog Investors, LLP's clients (none of whom
beneficially own more than 5% of NXG's shares) share this power with
Bulldog Investors, LLP. Messrs. Goldstein and Dakos are partners of Bulldog
Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose
of and vote an additional 47,089 shares.
c) During the past 60 days the following shares of NXG were bought.
Date Shares Price
5/4/2023 1,982 33.9891
5/3/2023 3,075 34.3086
5/1/2023 140 35.9000
4/28/2023 315 36.4300
4/26/2023 2,987 35.9185
4/25/2023 493 36.7817
4/19/2023 1,008 37.0000
4/5/2023 618 36.5947
4/4/2023 5,898 36.8366
4/3/2023 2,745 37.3855
3/31/2023 350 36.7100
3/30/2023 1,007 36.1498
3/29/2023 2,451 35.4750
3/28/2023 7,549 34.9525
3/27/2023 9,000 34.8541
3/23/2023 1,000 34.0460
3/22/2023 2,405 35.2016
3/20/2023 7,547 35.5526
3/17/2023 569 35.3477
3/16/2023 882 35.8118
3/15/2023 400 36.3050
3/10/2023 3,440 38.4523
3/9/2023 2,936 39.8008
3/7/2023 808 39.7329
d) Clients of Bulldog Investors, LLP and a closed-end investment company
for which Messrs. Goldstein and Dakos have investment authority are
entitled to receive any dividends or sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 5/8/2023
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
Bulldog Investors, LLP
By: /s/ Andrew Dakos
Andrew Dakos, Partner
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
Exhibit A:
Agreement to Make Joint Filing
Agreement made as of the 8th day of May, 2023, by and among
Bulldog Investors, LLP, Phillip Goldstein and Andrew Dakos.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides
that whenever two or more persons are required to file a statement containing
the information required by Schedule 13D with respect to the same securities,
only one such statement need be filed, so long as, among other things, such
filing includes as an exhibit an agreement among such persons that such a
statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of NextGen Infrastructure Income
Fund (NXG), each of the parties to this Agreement is required to file a
statement containing the information required by Schedule 13D with respect
to the same holdings of NXG;
NOW THEREFORE, the parties hereby agree that one statement containing the
information required by Schedule 13D shall be filed on behalf of each party
hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos
Phillip Goldstein Andrew Dakos
BULLDOG INVESTORS, LLP
By:/s/ Andrew Dakos
Andrew Dakos, Partner