Sit Investment Associates Reports Significant Reduction in NXG NextGen Infrastructure Income Fund Position

On April 6, 2026, Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), filed an amendment to their Schedule 13G regarding their holdings in NXG NextGen Infrastructure Income Fund (NXG). The filing indicates a significant reduction in their position. As of the event date on March 31, 2026, the filers reported aggregate beneficial ownership of 19,902 shares of common stock, representing 0.3% of the class. This is a sharp decrease from the previously reported 293,062 shares. The shares are held in various client accounts managed by SIA and SFI, over which they share voting and dispositive power. Both entities are registered investment advisers and have certified that the securities were acquired in the ordinary course of business without the intent to influence or change the control of the issuer. The ownership percentage is based on 5,792,510 shares outstanding as of November 30, 2025, adjusted for dividend reinvestments. Due to the ownership level falling below the 5% reporting threshold, this filing serves to document the reduced stake.