Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 23

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 23
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.S. tax returns and state tax returns filed since inception of the Fund. No income tax returns are currently under examination. All tax years beginning with November 30, 2021 remain subject to examination by the tax authorities in

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the United States. Due to the nature of the Fund’s investments, the Fund may be required to file income tax returns in several states. The Fund is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

6. Fair Value Measurements

Various inputs that are used in determining the fair value of the Fund’s investments are summarized in the three broad levels listed below:

| ● | Level 1 — quoted prices in active markets for identical securities |

| ● | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |

| ● | Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

These inputs are summarized in the three levels listed below.

|                                                      | Description |   | Fair Value at 
  November 30, 
          2024 |     | Fair Value Measurements at Reporting Date Using | Quoted Prices in 
   Active Markets 
    for Identical 
           Assets 
        (Level 1) |     |   | Significant 
 Other       
 Observable  
 Inputs      
 (Level 2)   |     |   | Significant  
 Unobservable 
 Inputs       
 (Level 3)    |
|:-----------------------------------------------------|:------------|:--|--------------:|:----|:------------------------------------------------|-----------------:|:----|:--|:------------|:----|:--|:-------------|
| Assets                                               |             |   |               |     |                                                 |                  |     |   |             |     |   |              |
| Equity Securities                                    |             |   |               |     |                                                 |                  |     |   |             |     |   |              |
| Common Stock(a)                                      |             | $ |   168,641,002 |     | $                                               |      168,641,002 |     | $ | —           |     | $ | —            |
| Master Limited Partnerships and Related Companies(a) |             |   |