Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 14

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 14
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 by the Fund. However, each participant will pay a pro rata share of brokerage commissions incurred in connection with        
 open-market purchases. In addition, participants who request a sale of shares through the Plan Agent are subject to a $15.00 per transaction 
 sales fee and pay a brokerage commission of $0.12 per share sold. The Fund’s transfer agent serves as Plan Agent. Fees paid by               
 the Fund to the transfer agent are included in “Other expenses” below, which are ultimately borne by common shareholders.                    
 For additional information, see “Distribution Reinvestment Plan” in the accompanying Prospectus.                                             |

| (4) | Based on net assets attributable to Common Shares during the period                                                             
 ended May 31, 2025 and after giving effect to the Offer, assuming the Offer is fully subscribed resulting in the receipt of net 
 proceeds from the Offer of approximately $60 million.                                                                           |

| S-8 |

| (5) | The Fund pays the Investment Adviser an annual fee, payable monthly,                                                            
 in an amount equal to 1.25% of the Fund’s average weekly Managed Assets. The fee shown above is based upon outstanding leverage 
 of 24.92% of the Fund’s Managed Assets (or 33.41% of the Fund’s net assets attributable to Common Shares). If leverage of       
 more than 24.92% of the Fund’s Managed Assets (or 33.41% of the Fund’s net assets attributable to Common Shares) is used,       
 the management fees as a percentage of net assets attributable to Common Shares would be higher than as shown above.            |

| (6) | Based upon the Fund’s outstanding borrowings as of May 31,                                                 
 2025 of approximately $60.315 million and the borrowing rate on the facility as of May 31, 2025, of 5.07%. |

| (7) | Other expenses are estimated based upon those incurred during the                                                                  
 period ended May 31, 2025. Other expenses do not include expense related to realized or unrealized investment gains or losses. See 
 “Management of the Fund—Fund Expenses” in the accompanying prospectus.                                                             |

| (8) | The Investment Adviser has contractually agreed to waive a portion                                                                    
 of the management fee in the amount equal to 0.25% of the Fund’s Managed Assets through the later of June 1, 2026 or 12 months        
 after the date of effectiveness of the Registration