Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 31

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 31
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 expenses incurred |     | $      | 37 |     | $       | 113 |     | $       | 191 |     | $        | 396 |

| * | The example should not be considered a representation of future expenses or returns. Actual expenses may be greater or less than those shown. Moreover, the Fund’s actual rate of return may be greater or less than the hypothetical 5% return shown in the example. The example assumes that all distributions are reinvested at net asset value. |

<div align='center'>MARKET AND NET ASSET VALUE INFORMATION</div>

The Fund’s currently outstanding common shares are, and the common shares offered by this Report, will be, subject to notice of issuance, listed on the New York Stock Exchange (the “NYSE”). The Fund’s common shares commenced trading on the NYSE on August 27, 2007.

Historically,
the common shares have generally traded at a discount to the Fund’s net asset value per share. Shares of closed-end investment
companies frequently trade at a discount to net asset value. The Fund’s net asset value will be reduced immediately following
an offering of the common shares due to the costs of such offering, which will be borne entirely by the Fund. The sale of common
shares by the Fund (or the perception that such sales may occur) may have an adverse effect on prices of common shares in the
secondary market. An increase in the number of common shares available may put downward pressure on the market price for common
shares. See “Additional Information (Unaudited)—Risks—Market Discount From Net Asset Value.”

The following table sets forth, for each of the periods indicated, the high and low closing market prices for the common shares on the NYSE, the net asset value per common share and the premium or discount to net asset value per common share at which the common shares were trading.

| Fiscal Quarter Ended 
 November 30, 2024    |     | Market Price 
 High         | 47.20 |     | Low | 40.07 |     | Corresponding Net Asset 
 Value Per Common Share  
 High                    | 44.20 |     | Low | 43.15 |     | Corresponding Premium      
 (Discount) as a Percentage 
 of Net Asset Value         
 High                       |   6.79 | % |     | Low |  -7.14 | % |
|:---------------------|:----|:-------------|------:|:----|:----|