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Stock impact report

Quick Note On SZC's Rights Offering (2019 Edition) [Seeking Alpha]

Cushing NextGen Infrastructure Income Fund Common Shares of Beneficial Interest (SZC) 
Company Research Source: Seeking Alpha
Quick Note On SZC's Rights Offering (2019 Edition) Summary SZC is a closed-end fund focusing on the energy sector. SZC's rights offering looks to be highly dilutive once again. But this is balanced by the fund's strong historical performance vs. its benchmark. This article was first released to CEF/ETF Income Laboratory so data may be out of date. Please check latest data before making investment decisions. Offering details Cushing Renaissance Fund's press release Cushing Renaissance Fund Announces Terms of Rights Offering. The Cushing Renaissance Fund transferable rights ® The record date for the Offer is currently expected to be June 19, 2019 The proposed subscription period will commence on the Record Date and is currently anticipated to expire on July 18, 2019 The subscription price per Common Share (the "Subscription Price") will be determined on the Expiration Date, and will be equal to 90% of the average of the last reported sales price of a Common Share of the Fund on the NYSE Show less Read more
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