Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 102

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 102
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 of the securities in question. It is possible that the fair value determined for a portfolio instrument may be materially different from the value that could be realized upon the sale of that instrument.

The valuation designee uses the following valuation methods to determine fair value as either fair value for investments for which market quotations are available, or if not available, the fair value, as determined in good faith pursuant to the Valuation Policy. The valuation of the portfolio securities of the Fund currently includes the following processes:

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| ● | The                                                                                               
 market value of each security listed or traded on any recognized securities exchange or automated 
 quotation system will be the last reported sale price at the relevant valuation date on the       
 composite tape or on the principal exchange on which such security is traded except those         
 listed on the NASDAQ Global Market®, NASDAQ Global Select Market® and the NASDAQ                  
 Capital Market® exchanges (collectively, “NASDAQ”). Securities traded on                          
 NASDAQ will be valued at the NASDAQ Official Closing Price (“NOCP”). If no sale                   
 is reported on that date, the security will be valued at the last reported bid price. If          
 the Valuation Committee (the “Committee”) determines that price is not representative             
 of the actual market price, the Committee may determine the fair value of the security.           |

| ● | Securities                                                                                            
 not traded on a U.S. exchange or NASDAQ and foreign securities that are traded on foreign             
 exchanges whose operations are similar to the U.S. over-the-counter market will be valued             
 at prices supplied by a pricing service. If the Committee determines that price is not representative 
 of the actual market price, the Committee may determine the fair value of the security.               |

| ● | Debt                                                                                         
 securities will be valued based on evaluated mean prices by an outside pricing service that  
 employs a pricing model that takes into account bids, yield spreads, and/or other market     
 data and specific security characteristics (e.g., credit quality, maturity and coupon rate). 
 If a price cannot be obtained from pricing services, quotes from market makers or brokers    
 may be used. When possible, more than one market maker or broker should be utilized and the  
 mean of bid and ask prices should be used.                                                   |

| ● | Private                                                                                     
 Placements in Public Entities (“PIPES”) will be valued using the price of the               
 publicly traded common stock as a baseline, deducting the discount realized on the original 
 purchase and amortizing the difference over the restricted period.