Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 70

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 70
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 and procedures designed to assure compliance with accounting standards
and applicable laws and regulations. In fulfilling its oversight responsibilities, the Committee reviewed the audited financial statements
in each Fund’s Annual Report dated November 30, 2024 with management including a discussion of the quality, not just the acceptability,
of the accounting principles, the reasonableness of significant judgments, and the clarity of disclosures in the financial statements.

In the performance of its oversight function, the
Committee has considered and discussed each Fund’s November 30, 2024 audited financial statements with management and with
Ernst & Young LLP (“Ernst & Young”), each Fund’s independent registered public accounting firm. The Committee
has also discussed with Ernst & Young the matters required to be discussed by AS 1301 issued by the Public Company Accounting Oversight
Board (“PCAOB”). The Committee reviewed with Ernst & Young, who is responsible for expressing an opinion on the conformity
of those audited financial statements with accounting principles generally accepted in the United States, their judgment as to the quality,
not just the acceptability, of each Fund’s accounting principles and such other matters as are required to be discussed with the
Committee under generally accepted auditing standards. Finally, the Committee reviewed the written disclosures and the letter from Ernst
& Young required by PCAOB Ethics and Independence Rule 3526, Communication with Audit Committees Concerning Independence, as
currently in effect, has considered whether the provision of other non-audit services by Ernst & Young to each Fund is compatible
with maintaining Ernst & Young’s independence, and has discussed with Ernst & Young the independence of the independent
registered public accounting firm.

The Committee discussed with Ernst & Young the
overall scope and plans for the audit. The Committee discussed with Ernst & Young the results of its examinations, its evaluations
of each Fund’s internal controls, and the overall quality of each Fund’s financial reporting.

Based upon the reports and discussions described in
this report, and subject to the limitations on the role and responsibilities of the Committee referred to above and in the Committee Charter,
the Committee recommended to the Board of Trustees (and the Board has approved) that the audited financial statements of each Fund be
included in the Annual Report to Shareholders for such Fund for the fiscal year ended November 30, 2024 and to be filed with the
Securities and Exchange Commission.

Shareholders are reminded, however, that the members
of the Committee are not professionally engaged in the practice of auditing or accounting. Members of