Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 36

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 36
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 determined under the discussion herein, is deemed to exceed one
year at the time of the disposition.

Exercise of the Rights, Basis and Holding Period of Acquired Common Shares. No gain or loss will be recognized by a Rights holder upon the exercise of a Right, and the basis of any
Common Share acquired upon exercise of the Right (the “New Common Share”) will equal the sum of the (i) basis, if any, of
the Right(s) exercised and (ii) the Subscription Price for the New Common Share. The holding period for the New Common Share acquired
through exercise of the Right will begin on the date of exercise of the Right (or, in the case of a Right purchased in the market, potentially
the day after the date of exercise).

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Employee Benefit Plan Considerations

Common Shareholders that are employee benefit plans
subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (including corporate savings and 401(k)
plans, each, an ERISA Plan), Keogh plans of self-employed individuals, Individual Retirement Accounts (“IRAs”) and other plans
subject to Section 4975 of the Code (with ERISA Plans, each a “Plan” and collectively, the “Plans”) should
be aware that additional contributions of cash to the Plan (other than rollover contributions or trustee-to-trustee transfers from other
Plans) made in order to exercise Rights would be treated as Plan contributions and, when taken together with contributions previously
made, may subject a Plan to excise taxes for excess or nondeductible contributions. In the case of Plans qualified under Section 401(a)
of the Code and certain other plans, additional cash contributions could cause the maximum contribution limitations of Section 415
of the Code or other qualification rules to be violated. Plans contemplating the receipt of additional cash contributions to exercise
Rights should consult with their counsel prior to receiving or using such contributions.

Plans and other tax exempt entities, including governmental
plans, should also be aware that if they borrow in order to finance their exercise of Rights, they may become subject to the tax on unrelated
business taxable income under Section 511 of the Code. If any portion of an IRA is used as security for a loan to the individual
for whose benefit the IRA is established, the portion so used may be treated as distributed to such individual.

Each fiduciary of a Plan should consider, to the extent
applicable, the fiduciary standards of ERISA