Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 48

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 48
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 rate and commodity 
 price risks. The Fund may engage in various interest rate and currency hedging transactions,      
 including buying or selling options or futures, entering into other transactions including        
 forward contracts, swaps or options on futures and other derivatives transactions.                |

| ● | Using                                                                                          
 Strategic Transactions to manage its effective interest rate exposure, including the effective 
 yield paid on any leverage used by the Fund, protect against possible adverse changes in       
 the market value of the securities held in or to be purchased for its portfolio, or otherwise  
 protect the value of its portfolio.                                                            |

| ● | Engaging                                                                                         
 in Strategic Transactions to hedge the currency risk to which it may be exposed by, for example, 
 buying or selling options or futures or entering into other foreign currency transactions,       
 including forward foreign currency contracts, currency swaps or options on currency and currency 
 futures and other derivatives transactions.                                                      |

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| ● | Selling                                                                                           
 short Treasury securities to hedge its interest rate exposure. When shorting Treasury securities, 
 the loss is limited to the principal amount that is contractually required to be repaid at        
 maturity and the interest expense that must be paid at the specified times. See “Risks—Short      
 Sales Risk.”                                                                                      |

| ● | Engaging                                                                                          
 in paired long-short trades to arbitrage pricing disparities in securities issued by midstream    
 energy companies, write (or sell) covered call options on securities held in its portfolio,       
 write (or sell) uncovered call options on the securities of midstream energy companies, purchase  
 call options or enter into swap contracts to increase its exposure to midstream energy companies, 
 or sell securities short.                                                                         |

Hedging transactions can be expensive and have risks, including the imperfect correlation between the value of such instruments and the underlying assets, the possible default of the other party to the transaction or illiquidity of the derivative instruments. Furthermore, the ability to successfully use hedging transactions depends on the Investment Adviser’s ability to predict pertinent market movements, which cannot be assured. A more complete discussion of Strategic Transactions and their risks is included in the SAI under the heading “Strategic Transactions.”

Other Investment Companies.The Fund invests in securities of other closed-end or open-end investment companies (including ETFs) that invest primarily in companies in which the Fund is permitted to invest directly to the extent permitted by the 1940 Act. The Fund may invest in other investment companies during periods when it has large amounts of uninvested cash