Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 73

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 73
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 such offering), unless such sale is made with the consent of a majority of its common shareholders. The Fund may, from time
to time, seek the consent of Common Shareholders to permit the issuance and sale by the Fund of Common Shares at a price below the Fund’s
then-current net asset value, subject to certain conditions. If such consent is obtained, the Fund may, contemporaneous with and in no
event more than one year following the receipt of such consent, sell Common Shares at price below net asset value in accordance with
any conditions adopted in connection with the giving of such consent. Additional information regarding any consent of Common Shareholders
obtained by the Fund and the applicable conditions imposed on the issuance and sale by the Fund of Common Shares at a price below net
asset value will be disclosed in the Prospectus Supplement relating to any such offering of Common Shares at a price below net asset
value. Until such consent of Common Shareholders, if any, is obtained, the Fund may not sell Common Shares at a price below net asset
value. Because the Fund’s advisory fee is based upon average Managed Assets, the Investment Adviser’s interest in recommending
the issuance and sale of Common Shares at a price below net asset value may conflict with the interests of the Fund and its Common Shareholders.

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The Fund will not sell Common
Shares at a price below its net asset value per Common Share (including with shareholder approval or pursuant to rights to purchase Common
Shares) under this Prospectus or an accompanying prospectus supplement without first filing a new post-effective amendment to the registration
statement if the cumulative dilution to the Fund’s net asset value per share from offerings under the registration statement exceeds
15%.

Subscription Rights to
Purchase Common Shares

The Fund may issue subscription
rights to holders of Common Shares to purchase Common Shares. Subscription rights may be issued independently or together with any other
offered security and may or may not be transferable by the person purchasing or receiving the subscription rights. In connection with
a subscription rights offering to holders of Common Shares, the Fund would distribute certificates evidencing the subscription rights
and a Prospectus Supplement to our common or preferred shareholders as of the record date that we set for determining the shareholders
eligible to receive subscription rights in such subscription rights offering. For complete terms of the subscription rights, please refer
to the actual terms of such subscription rights which will be set forth in the subscription rights agreement and/or subscription certificate
relating to such