Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 44

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 44
---
 received by you on December 31 of the year in which
the distribution was declared.

Backup Withholding

The Fund may be required
to withhold, for U.S. federal backup withholding purposes, on all taxable distributions to any non-corporate holders of the Common Shares
who (1) do not furnish the Fund with their correct taxpayer identification number (in the case of individuals, generally their social
security number) or a certificate that such Common Shareholder is exempt from backup withholding, or (2) with respect to whom the IRS
notifies the Fund that such Common Shareholder has failed to properly report certain interest and dividend income to the IRS and to respond
to notices to that effect. Backup withholding is not an additional tax. Any amounts withheld from payments made to you may be refunded
or credited against your U.S. federal income tax liability, if any, provided that the required information is timely furnished to the
IRS. In 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'>24

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