Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 83

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 83
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 of all the votes entitled to be cast at such meeting.

Additional Provisions of the Declaration of Trust

The Declaration of Trust provides
that there shall not be applicable to the Fund, the Fund’s trustees or the Declaration of Trust the establishment of fiduciary or
other standards of responsibilities or limitations on the acts or powers of trustees, which are inconsistent with the limitations or liabilities
or authorities and powers of the Trustees set out or referenced in the Declaration of Trust. Notwithstanding the foregoing, no provision
of the Declaration of Trust shall limit, waive or modify the duties of the Fund’s trustees, officers, members of any advisory board,
investment adviser or depositor arising under the federal securities laws.

Under the Declaration of Trust
and By-Laws, and under Delaware law, the Trustees, officers, employees and certain agents of the Fund are entitled to indemnification
under certain circumstances against liabilities, claims and expenses arising from any threatened, pending or completed action, suit or
proceeding to which they are made parties by reason of the fact that they are or were such Trustees, officers, employees or agents of
the Fund, subject to the limitations of the 1940 Act that prohibit indemnification that would protect such persons against liabilities
to the Fund or its shareholders to which they would otherwise be subject by reason of their own bad faith, willful misfeasance, gross
negligence or reckless disregard of duties.

Pursuant to the Declaration
of Trust, in order to bring a derivative action on behalf of the Fund a shareholder or shareholders must make a pre-suit demand upon
the Trustees to bring the subject action unless an effort to cause the Trustees to bring such an action is not likely to succeed. A demand
shall only be deemed not likely to succeed and therefore excused if a majority of the Board of Trustees, or a majority of any committee
established to consider the merits of such action, is composed of Trustees who are not “independent trustees” (as that term
is defined in the DSTA). Unless a demand is not required pursuant to the foregoing, shareholders eligible to bring such derivative action
who hold at least 10% of the outstanding shares of the Fund must join in the request for the Board Trustees to commence such action and
the Board of Trustees must be afforded a reasonable amount of time to consider such shareholder request and to investigate the basis
of such claim. The Trustees shall be entitled to retain counsel or other advisers in considering the merits of the request and shall
require an