Company: SRV
Filing Date: 2025-03-28
Form Type: CORRESP
Source: 0001398344-25-006178
Chunk: 3

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-28
Form: CORRESP
Chunk 3
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 (as defined in the 1940 Act) of the investment adviser or predecessor adviser.                                                           |

| Comment 4 | Supplementally provide an analysis of the transactions under                                                                                  
 Rule 15a-4 and why the Adviser cannot enter into an interim contract, and seek approval of a new contract during the 150 day period specified 
 in Rule 15a-4, including the legal basis to extend this approval period beyond the 150 day period set forth in Rule 15a-4.                    |

As noted in our prior response,
the Adviser Operating Agreement requires the funds managed by the Adviser, including the Funds, to obtain approvals of new advisory agreements
before the interest of NXG Cushing in the Adviser may exceed 24.99%. Because of this provision of the Adviser Operating Agreement, it
would not be feasible to wait until after such Change of Control Event and cause the Funds to enter into interim contracts pursuant to
Rule 15a-4 and seek shareholder approval of new contracts during such interim period, nor does the Board of the Funds believe that doing
so would be in the best interest of the Funds and their shareholders. Therefore, Fund management and the Boards of the Funds have determined
that it would be in the best interest of the Funds and their shareholders to seek approval of new advisory agreements at the 2025 annual
meeting of shareholders. The Funds are not relying on Rule 15a-4 and therefore are not seeking to extend the interim period provided for
by Rule 15a-4. Instead, as is typical in transactions involving investment advisers to funds that result in change of controls, the Funds
are seeking shareholder approval between the signing of a definitive agreement and the closing of the transaction that will result in
a change of control. The Funds have determined that it would be in the best interest of the Funds and their shareholders to seek approval
of new advisory agreements at the 2025 annual meeting of shareholders to provide shareholders with certainty regarding the continuity
of advisory services for the Funds and avoid the potential investor confusion associated with an additional special meeting of shareholders
and related proxy solicitation occurring shortly before the 2026 annual meeting of shareholders.

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| Comment 5 | Is there a definitive time for the occurrence of the initial 
 Change of Control Event?                                     |

As noted in our prior response,
Jerry Swank, Swank Capital and NXG Cushing have entered into a definitive agreement which by its terms will result in