Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 43

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 43
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 Member” and collectively the “Selling Group Members”), whereby each Selling Group Member will
enter into a Selling Group Agreement with the Dealer Manager to solicit the exercise of Rights and to sell Common Shares purchased by
the Selling Group Member from the Dealer Manager. In addition, the Dealer Manager will enter into a Soliciting Dealer Agreement with other
soliciting broker-dealers (each a “Soliciting Dealer” and collectively the “Soliciting Dealers”) to solicit the
exercise of Rights. See “—Compensation to Dealer Manager” for a discussion of fees and other compensation to be paid
to the Dealer Manager, Selling Group Members and Soliciting Dealers in connection with the Offer.

The Fund and the Investment Adviser have each agreed
to indemnify the Dealer Manager for losses arising out of certain liabilities, including liabilities under the Securities Act. The Dealer
Manager Agreement also provides that the Dealer Manager will not be subject to any liability to the Fund in rendering the services contemplated
by the Dealer Manager Agreement except for any act of willful misfeasance, bad faith or gross negligence of the Dealer Manager or reckless
disregard by the Dealer Manager of its obligations and duties under the Dealer Manager Agreement.

Prior to the expiration of the Offer, the Dealer Manager
may independently offer for sale Common Shares it has acquired through purchasing and exercising the Rights, at prices that may be different
from the market price for such Common Shares or from the price to be received by the Fund upon the exercise of Rights. The Dealer Manager
is authorized to buy and exercise Rights (for delivery of Common Shares prior to the expiration of the Offer), including unexercised Rights
of Record Date Shareholders whose record addresses are outside the United States that are held by the Subscription Agent and for which
no instructions are received, and to sell Common Shares to the public or to Selling Group Members at the offering price set by the Dealer
Manager from time to time. In addition, the Dealer Manager has the right to buy Rights offered to it by the Subscription Agent from electing
Record Date Shareholders, and the Dealer Manager may purchase such Rights as principal or act as agent on behalf of its clients for the
resale of such Rights.

In order to seek to facilitate the trading market in
the Rights for the benefit of non-exercising Common Shareholders, and the placement of the Common Shares to new or existing investors
pursuant to the exercise of the Rights, the Dealer Manager Agreement provides for special arrangements with the Dealer Manager. Under