Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 140

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 140
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ends and other distributions
paid by the Fund will generally be treated for U.S. federal income tax purposes as received by you at the time the dividend or distribution
is made. If, however, the Fund pays you a dividend in January that was declared in the previous October, November or December and you
were the U.S. shareholder of record on a specified date in one of such months, then such dividend will be treated for U.S. federal income
tax purposes as being paid by the Fund and received by you on December 31 of the year in which the dividend was declared. In addition,
certain other distributions made after the close of the Fund’s taxable year may be “spilled back” and treated as paid
by the Fund (except for purposes of the 4% nondeductible excise tax) during such taxable year. In such case, you will be treated as having
received such dividends in the taxable year in which the distributions were actually made.

Certain U.S. shareholders who
are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare tax on all or a
portion of their “net investment income,” which ordinarily includes dividends received from the Fund and capital gain from
the sale or other disposition of the Fund’s common shares.

Withholding at a rate of 30%
will be required on dividends in respect of Common Shares held by or through foreign accounts or foreign intermediaries if certain disclosure
requirements related to U.S. accounts or ownership are not satisfied. The Fund will not pay any additional amounts in respect to any amounts
withheld.

Taxation of Non-U.S. Shareholders

For purposes of this discussion,
a “non-U.S. shareholder” is a beneficial owner of Common Shares, other than a partnership (or other entity or arrangement
treated as a partnership for U.S. federal income tax purposes), that is not a U.S. shareholder for U.S. federal income tax purposes. Whether
an investment in Common Shares is appropriate for a non-U.S. shareholder will depend on that non-U.S. shareholder’s particular circumstances.
An investment in Common Shares by a non-U.S. shareholder may have adverse tax consequences. Non-U.S. shareholders should consult their
tax advisors before investing in the Common Shares.

A non-U.S. shareholder generally
will be subject to U.S. federal withholding tax at a rate of 30% (or possibly a lower rate provided by an applicable tax treaty) on ordinary
income