Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 76

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 76
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 circumstances, be
subject to an additional “branch profits tax” at a 30% rate (or at a lower rate if provided for by an applicable tax treaty).
Accordingly, investment in Common Shares may not be appropriate for certain non-U.S. shareholders.

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 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. A non-U.S. shareholder who is a nonresident alien individual, and who is otherwise subject to withholding of federal income
tax, may be subject to backup withholding of federal income tax on dividends unless the non-U.S. shareholder provides the Fund or the
dividend paying agent with an IRS Form W-8BEN or IRS Form W-8BEN-E (or an acceptable substitute form) or otherwise meets documentary
evidence requirements for establishing that it is a non-U.S. shareholder or otherwise establishes an exemption from backup withholding.
Backup withholding is not an additional tax. Any amounts withheld from payments made to a Common Shareholder may be refunded or credited
against such Common Shareholder’s U.S. federal income tax liability, if any, provided that the required information is generally
furnished to the IRS.

The foregoing is a general 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. Ordinary
income and capital gain dividends may also be subject to state, local and foreign taxes. Investors are urged to consult their tax advisors
regarding U.S. federal, state, local and foreign tax consequences of investing in the Fund.

<div align='center'>SERVICE
PROVIDERS</div>

Administrator

U.S. Bancorp Global Fund Services,
the Administrator, which is located at 615 East Michigan Street, Milwaukee, Wisconsin 53202, serves as the Fund’s administrator
pursuant to a fund administration servicing agreement. Pursuant to this agreement,