Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 19

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 19
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The Fund has entered into an the Distribution Agreement
with Foreside Fund Services, LLC, pursuant to which the Fund may offer and sell up to 745,000 Common Shares, from time to time, through
the Distributor, in transactions that are deemed to be “at the market” as defined in Rule 415 under the Securities Act. As of January 13, 2025, the Fund has sold 175,000 Common Shares pursuant to the Distribution Agreement and 570,000 Common Shares remain
available for sale pursuant to this Prospectus Supplement and the accompanying Prospectus. The
minimum price on any day at which Common Shares may be sold will not be less than the Minimum Price, which will be equal to the then current
NAV per Common Share plus the per Common Share amount of the commission to be paid to the Distributor. The Fund along with the Distributor
and the Sub-Placement Agent will determine whether any sales of Common Shares will be authorized on a particular day. The Fund and the
Distributor, however, will not authorize sales of Common Shares if the price per Common Share is less than the Minimum Price. The Fund
and the Distributor may elect not to authorize sales of Common Shares on a particular day even if the price per Common Share is equal
to or greater than the Minimum Price, or may only authorize a fixed number of Common Shares to be sold on any particular day. The Fund
and the Distributor will have full discretion regarding whether sales of Common Shares will be authorized on a particular day and, if
so, in what amounts.

The Distributor may enter into sub-placement agent
agreements with one or more selected dealers. The Distributor has entered into the Sub-Placement Agent Agreement with UBS Securities LLC
relating to the Common Shares offered pursuant to this Prospectus Supplement and the accompanying Prospectus. In accordance with the terms
of the Sub-Placement Agent Agreement, the Fund may offer and sell its Common Shares from time to time through the Sub-Placement Agent
as sub-placement agent for the offer and sale of its Common Shares.

The Distributor (or the Sub-Placement Agent) will provide
written confirmation to the Fund not later than the opening of the trading day on the NYSE following any trading day on which Common Shares
are sold. Each confirmation will include the number of Common Shares sold on the preceding day, the net proceeds to the Fund and the compensation
payable by the Fund to the Distributor in connection with the sales