Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 37

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 37
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 Suite 3300   
 Minneapolis, MN 55402                |     | Common Shares   |     |  292,675 |     | 7.3%       |
| SRV  |     | Bulldog Investors LLP(2)             
 Phillip Goldstein                    
 Andrew Dakos                         
 250 Pehle Ave. Suite 708             
 Saddle Brook, NJ 07663               |     | Common Shares   |     |  120,623 |     | 5.52%      |

| 20 |

| Fund |     | Shareholder Name and Address       |     | Class of Shares |     |    Share 
 Holdings |     | Percentage 
 Owned      |
| NXG  |     | Sit Investment Associates, Inc.(3) 
 Sit Fixed Income Advisers II, LLC  
 80 South Eighth Street, Suite 3300 
 Minneapolis, MN 55402              |     | Common Shares   |     |  219,202 |     | 6.32%      |

| (1) | Based on Schedule 13G filed on October 3, 2024. |

| (2) | Based on Schedule 13G filed on February 13, 2023. |

| (3) | Based on Schedule 13G filed on January 3, 2025. |

Delaware Statutory Trust Act — Control Share Acquisitions

Because each Fund is organized
as a Delaware statutory trust, it is subject to the control share acquisition statute (the “Control Share Statute”) contained
in Subchapter III of the Delaware Statutory Trust Act (the “DSTA”), which became automatically applicable to listed closed-end
funds, such as the Funds, upon its effective date of August 1, 2022 (the “Effective Date”).

The Control Share Statute provides
for a series of voting power thresholds above which shares are considered control shares. The first such threshold is 10% or more, but
less than 15%, of all voting power. Voting power is defined by the Control Share Statute as the power to directly or indirectly exercise
or direct the exercise of the voting power of Fund shares in the election of Trustees. Whether a voting power threshold is met is determined
by aggregating the holdings of the acquirer as well as those of its “associates,” as defined by the Control Share Statute.

Once a threshold is reached, an
acquirer has no voting rights under the DSTA or the governing documents of a Fund