Company: SRV
Filing Date: 2025-10-22
Form Type: N-2/A
Source: 0001398344-25-019582
Chunk: 45

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-10-22
Form: N-2/A
Chunk 45
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 addition, the Fund may be required to withhold on distributions to non-U.S. shareholders.

The foregoing is a general and
abbreviated summary of the provisions of the Code and the Treasury regulations in effect as they directly govern the taxation of the Fund
and its Common Shareholders. These provisions are subject to change by legislative, judicial or administrative action, and any such change
may be retroactive. A more complete discussion of the tax rules applicable to the Fund and its Common Shareholders can be found in the
SAI that is incorporated by reference into this Prospectus. Investors are urged to consult their tax advisors regarding the U.S. federal,
foreign, state and local tax consequences of investing in the Fund.

<div align='center'>PLAN
OF DISTRIBUTION</div>

The Fund may sell up to $500,000,000
in aggregate initial offering price of Common Shares or Rights from time to time under this Prospectus and any related Prospectus Supplement
(1) directly to one or more purchases, including existing shareholders in a Rights offering; (2) through agents; (3) through underwriters;
(4) through dealers; or (5) pursuant to the Plan. Each Prospectus Supplement relating to an offering of securities will state the terms
of the offering, including:

| ● | the names of any agents, underwriters 
 or dealers;                           |

| ● | any sales loads or other items constituting 
 underwriters’ compensation;                 |

| ● | any discounts, commissions, or fees   
 allowed or paid to dealers or agents; |

| ● | the public offering or purchase price                                                   
 of the offered Securities and the net proceeds the Fund will receive from the sale; and |

| ● | any securities exchange on which      
 the offered Securities may be listed. |

In the case of a Rights offering,
the applicable Prospectus Supplement will set forth the number of Common Shares issuable upon the exercise of each right and the other
terms of such rights offering.

<div align='center'>27</div>

Direct Sales

The Fund may sell Securities
directly to, and solicit offers from, institutional investors or others who may be deemed to be underwriters as defined in the Securities
Act for any resales of the securities. In this case, no underwriters or agents would be involved. The Fund may use electronic media, including
the Internet, to sell offered securities directly. The Fund will describe the terms of any of those sales in a Prospectus Supplement.

By Agents

The Fund may offer Securities