Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 17

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 17
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4    | August 15, 2024    |                         $0.45 |
| July 30, 2024      | July 16, 2024      |                         $0.45 |
| June 28, 2024      | June 17, 2024      |                         $0.45 |
| May 31, 2024       | May 15, 2024       |                         $0.45 |

| * | On December 17, 2024, the Fund declared a special distribution of $0.31477 per Common Share in order to allow the Fund to meet its 
 2024 distribution requirements as a regulated investment company for U.S. federal income tax purposes.                             |

Because of the nature of the Fund’s investments
and changes in market conditions from time to time, the distributions paid by the Fund for any particular month may be more or less than
the amount of net investment income from that monthly period. In certain circumstances, the Fund may elect to retain income or capital
gain and pay income or excise tax on such undistributed amount, to the extent that the Board of Trustees, in consultation with Fund management,
determines it to be in the best interest of shareholders to do so. Alternatively, all or a portion of a distribution may be a return of
capital, which is in effect a partial return of the amount a Common Shareholder invested in the Fund, up to the amount of the Common Shareholder’s
tax basis in their Common Shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally
increase the Common Shareholder’s potential gain, or reduce the Common Shareholder’s potential loss, on any subsequent sale
or other disposition of Common Shares. Shareholders who periodically receive the payment of a distribution consisting of a return of capital
may be under the impression that they are receiving net income or profits when they are not. Shareholders should not assume that the source
of a distribution from the Fund is net income or profit.

The Fund may, but is not required to, seek to obtain
exemptive relief to permit the Fund to make periodic distributions of long-term capital gains with respect to its Common Shares as frequently
as monthly. Such relief, if obtained, would permit the Fund to implement a “managed distribution policy” pursuant to which
the Fund would distribute a fixed percentage of the net asset value (or market price if then applicable) of the Common Shares at a particular