Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 20

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 20
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The Fund will compensate the Distributor with respect
to sales of Common Shares at a commission rate of 1.00% of the gross proceeds of the sale of Common Shares. Out of this commission, the
Distributor will compensate the Sub-Placement Agent at a rate of up to 0.80% of the gross sales proceeds of the sale of the Common Shares
sold by the Sub-Placement Agent. There is no guarantee that there will be any sales of Common Shares under this Prospectus Supplement
and the accompanying Prospectus.

Settlement for sales of Common Shares will occur on
the second trading day following the date on which such sales are made, unless otherwise agreed to in writing by the Fund, the Distributor
and the Sub-Placement Agent, in return for payment of the net proceeds to the Fund. There is no arrangement for funds to be deposited
in escrow, trust or similar arrangement.

In connection with the sale of Common Shares on behalf
of the Fund, the Distributor may be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation
paid to the Distributor may be deemed to be underwriting commissions or discounts.

The Fund has agreed to indemnify the Distributor against
certain civil liabilities, including liabilities under the Securities Act. The Distributor has agreed to indemnify the Sub-Placement Agent
against certain civil liabilities, including liabilities under the Securities Act.

The offering of Common Shares pursuant to the Distribution
Agreement will terminate upon the earlier of (1) the sale of all Common Shares subject to the Distribution Agreement or (2) the termination
of the Distribution Agreement. The Distribution Agreement may be terminated at any time, without the payment of any penalty, by the Fund
or by the Distributor, on sixty days’ written notice to the other party.

The Common Shares may not be sold through the Distributor
or the Sub-Placement Agent without delivery or deemed delivery of this Prospectus Supplement and the accompanying Prospectus describing
the method and terms of the offering of the Common Shares.

| S-10 |

The Sub-Placement Agent, its affiliates or their respective
employees hold or may hold in the future, directly or indirectly, investment interests in the Fund. The interests held by the Sub-Placement
Agent, its affiliates or their respective employees are not attributable to, and no investment discretion is held by, the Sub-Placement
Agent, its affiliates or their respective affiliates.

The principal business address of Foreside Fund Services