Company: SRV
Filing Date: 2025-10-22
Form Type: N-2/A
Source: 0001398344-25-019582
Chunk: 94

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-10-22
Form: N-2/A
Chunk 94
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 the Fund to non-U.S. shareholders are generally exempt from U.S. federal withholding
tax where they (i) are paid in respect of the Fund’s “qualified net interest income” (generally, the Fund’s U.S.-source
interest income, other than certain contingent interest and interest from obligations of a corporation or partnership in which the Fund
is at least a 10% shareholder, reduced by expenses that are allocable to such income) or (ii) are paid in respect of the Fund’s
“qualified short-term capital gains” (generally, the excess of the Fund’s net short-term capital gain over the Fund’s
long-term capital loss for such taxable year). In order to qualify for this exemption from withholding, a non-U.S. shareholder must comply
with applicable certification requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8BEN
or W8BEN-E or substitute form). In the case of Common Shares held through an intermediary, the intermediary may withhold even if the Fund
designates the payment as qualified net interest income or qualified short-term capital gain. Non-U.S. shareholders should contact their
intermediaries with respect to the application of these rules to their accounts. There can be no assurance as to what portion, if any,
of the Fund’s distributions would qualify for favorable treatment as “qualified net interest income” or “qualified
short-term capital gains.”

Notwithstanding the foregoing,
under certain provisions of the Code referred to as “FATCA,” withholding at a rate of 30% will be required on dividends in
respect of Common Shares held by or through certain foreign financial institutions (including investment funds), unless such institution
enters into an agreement with the Treasury to report, on an annual basis, information with respect to interests in, and accounts maintained
by, the institution to the extent such interests or accounts are held by certain United States persons or by certain non-U.S. entities
that are wholly or partially owned by United States persons and to withhold on certain payments. Accordingly, the entity or entities through
which Common Shares are held will affect the determination of whether such withholding is required. Similarly, withholding at a rate of
30% will be required on dividends in respect of Common Shares held by an investor that is a non-financial non-U.S. entity that does not
qualify under certain exemptions, unless such entity either (i) certifies that such entity does not have any “substantial