Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 17

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 17
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 the fiscal year ended November 30, 2014, the Fund accrued $1,115,507 in net current and deferred tax expense. 
 For the fiscal year ended November 30, 2013, the Fund accrued $5,743,456 in net current tax expense.              |

| (8) | The ratio of expenses (excluding current and deferred income tax expense) to average net assets before                                 
 waiver was 3.48%, 3.75%, 3.60%, 2.93% and 2.18% for the fiscal years ended November 30, 2017, 2016, 2015, 2014 and 2013, respectively. 
 The ratio of expenses (excluding current and deferred income tax expense) to average net assets after waiver was 3.04%, 2.97%, 2.99%,  
 2.93% and 2.18% for the fiscal years ended November 30, 2017, 2016, 2015, 2014 and 2013, respectively.                                 |

| (9) | This ratio excludes current and deferred income tax benefit/expense on net investment income. |

| (10) | Not annualized. |

<div align='center'>9</div>

SENIOR
SECURITIES

The following table sets
forth information about the Fund’s outstanding senior securities as of the end of each fiscal period indicated. The information
in this table for the fiscal years ended November 30, 2024, November 30, 2023, November 30, 2022, November 30, 2021
and November 30, 2020 is derived from the Fund’s financial statements audited by Ernst & Young LLP, independent registered
public accounting firm for the Fund, whose report on such financial statements, together with the financial statements of the Fund, are
included in the Fund’s Annual Report and are incorporated herein by reference.

| Fiscal Period Ended |     | Title of   
 Security   |     | Total       
 Principal   
 Amount      
 Outstanding |            |     | Asset     
 Coverage  
 Per       
 $1,000 of 
 Principal 
 Amount    |        |
|:--------------------|:----|:-----------|:----|:------------|-----------:|:----|:----------|-------:|
| November 30, 2024   |     | Borrowings |     | $           | 48,315,000 |     | $