Company: SRV
Filing Date: 2025-03-18
Form Type: CORRESP
Source: 0001398344-25-005716
Chunk: 11

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-18
Form: CORRESP
Chunk 11
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 that “[e]ach Fund’s New Advisory Agreement does not result in any change in the Fund’s    
 advisory fee rate.” Will the New Advisory Agreements include a waiver similar to the current advisory fee waiver? If not, please 
 explain how the new agreements will not result in an increase in the Fund’s advisory fees.                                       |

The Funds will add disclosure to the Definitive Proxy Statement
that if the New Advisory Agreements are entered into prior to the expiration of the current advisory fee waivers for the Funds, which
expire on February 1, 2026, the advisory fee waivers will continue in effect until their expiration date under the New Advisory Agreements.
In addition, if following the expiration of the current advisory fee waivers, a Fund has entered into a subsequent contractual fee waiver
that is in effect at the time such Fund enters into a New Advisory Agreement, such contractual fee waiver will continue in effect until
its expiration date under the New Advisory Agreement.

| Comment 22: | Under the heading “Proposal #2—Board Considerations”                                                                        
 it states that “[t]he Adviser does not intend to propose changes to the Funds’ respective investment objectives, strategies 
 or restrictions in connection with the Change of Control Event.” Please revise to refer to “any” Change of Control          
 Event here and where applicable throughout the Proxy Statement.                                                             |

The Funds will make such revisions as applicable throughout
the Definitive Proxy Statement.

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| Comment 23: | Under the heading “Proposal #2—Board Considerations,”                                                                                         
 did the Board consider how the proxy costs and expenses would be allocated with respect to preparation of the poxy statement and solicitation 
 of proxies? Did the board consider whether the Adviser could recoup from the Funds expenses allocated to the Adviser?                         |

As noted in the response to Comment 13 above, the Funds will
also make conforming changes under the heading “Proposal #2—Board Considerations—Costs and Expenses of the Transaction”
to clarify that the Board considered that the costs and expenses associated with the preparation of the proxy statement in connection
with Proposal #2 and the solicitation of proxies in connection with Proposal #2 would be borne by the Adviser.

As noted in the response to Comment 12 above, the Funds confirm
that proxy expenses allocated to the Adviser are not subject to recoupment from the Funds.

| Comment 24: | Under the heading “Proposal #2—Section 15(f)