Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 96

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 96
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 Rights offering.

Any underwriters to whom the
offered Securities are sold for offering and sale may make a market in the offered Securities, but the underwriters will not be obligated
to do so and may discontinue any market-making at any time without notice. There can be no assurance that there will be a liquid trading
market for the offered Securities.

Under agreements entered into
with the Fund, underwriters and agents may be entitled to indemnification by the Fund and the Investment Adviser against certain civil
liabilities, including liabilities under the Securities Act, or to contribution for payments the underwriters or agents may be required
to make.

The underwriters, agents and
their affiliates may engage in financial or other business transactions with the Fund in the ordinary course of business.

Pursuant to a requirement of
the Financial Industry Regulatory Authority, Inc. (“FINRA”) the maximum compensation to be received by any FINRA member or
independent broker-dealer may not be greater than eight percent (8%) of the gross proceeds received by the Fund for the sale of any securities
being registered pursuant to SEC Rule 415 under the Securities Act.

The aggregate offering price
specified on the cover of this Prospectus relates to the offering of the Securities not yet issued as of the date of this Prospectus.

To the extent permitted under
the 1940 Act and the rules and regulations promulgated thereunder, the underwriters may from time to time act as a broker or dealer and
receive fees in connection with the execution of portfolio transactions on behalf of the Fund after the underwriters have ceased to be
underwriters and, subject to certain restrictions, each may act as a broker while it is an underwriter.

A Prospectus and accompanying
Prospectus Supplement in electronic form may be made available on the websites maintained by underwriters. The underwriters may agree
to allocate a number of Securities for sale to their online brokerage account holders. Such allocations of Securities for internet distributions
will be made on the same basis as other allocations. In addition, Securities may be sold by the underwriters to securities dealers who
resell Securities to online brokerage account holders.

<div align='center'>OTHER
SERVICE PROVIDERS</div>

U.S. Bancorp Global Fund
Services, located at 615 East Michigan Street, Milwaukee, Wisconsin 53202, has entered into a transfer agent servicing agreement with
the Fund. Under this agreement, U.S. Bancorp Global Fund Services serves as the Fund’s transfer agent, registrar and