Company: SRV
Filing Date: 2025-08-08
Form Type: N-CSRS
Source: 0001398344-25-014835
Chunk: 19

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-08-08
Form: N-CSRS
Chunk 19
---
815 because investment companies account for their derivatives at fair value and record any changes in fair value in current period earnings.

There were no transactions in purchased options during the period ended May 31, 2025.

The average monthly fair value of written options during the period ended May 31, 2025 was $37,805.

The effect of derivative instruments on the Statement of Operations for the period ended May 31, 2025:

| Liability Derivatives  
 Risk Exposure Category |     | Statement of Asset       
 and Liabilities Location |                                |     | Fair Value |   |
|:-----------------------|:----|:-------------------------|:-------------------------------|:----|:-----------|:--|
| Equity Contracts       |     |                          | Written options, at fair value |     | $          | — |

| Amount of Realized Gain on Derivatives Recognized in Income        
 Derivatives not accounted for as hedging instruments under ASC 815 |     | Purchased 
 Options   |   |     | Written 
 Options |           |     | Total |           |
|:-------------------------------------------------------------------|:----|:----------|:--|:----|:--------|----------:|:----|:------|----------:|
| Equity Contracts                                                   |     | $         | — |     | $       | 2,220,585 |     | $     | 2,220,585 |

| Amount of Unrealized Appreciation on Derivatives Recognized in Income 
 Derivatives not accounted for as hedging instruments under ASC 815    |     | Purchased 
 Options   |   |     | Written 
 Options |   |     | Total |   |
|:----------------------------------------------------------------------|:----|:----------|:--|:----|:--------|:--|:----|:------|:--|
| Equity Contracts                                                      |     | $         | — |     | $       | — |     | $     | — |

<div align='center'>20</div>

J. Recent Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment’s profit or loss and assess potential future cash flows for each report