Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 123

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 123
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er expects, consistent with the Fund’s investment objective
and policies, to invest in such new types of securities and to engage in such new types of investment practices if the Investment Adviser
believes that these investments and investment techniques may assist the Fund in achieving its investment objective. In addition, the
Investment Adviser may use investment techniques and instruments that are not specifically described herein.

Use of Arbitrage and Other Strategies

The Fund may use short sales, arbitrage and
other strategies to try to generate additional return. As part of such strategies, the Fund may engage in paired long-short trades to
arbitrage pricing disparities in securities issued by midstream energy companies, write (or sell) covered call options on the securities
of midstream energy companies or other securities held in its portfolio, write (or sell) uncovered call options on the securities of
midstream energy companies, purchase call options or enter into swap contracts to increase its exposure to midstream energy companies,
or sell securities short. With a long position, the Fund purchases a stock outright, but with a short position, it would sell a security
that it does not own and must borrow to meet its settlement obligations. The Fund will realize a profit or incur a loss from a short
position depending on whether the value of the underlying stock decreases or increases, respectively, between the time the stock is sold
and when the Fund replaces the borrowed security. To increase its exposure to certain issuers, the Fund may purchase call options or
use swap agreements. The Fund expects to use these strategies on a limited basis. See “Additional Information (Unaudited)—Risks—Short
Sales Risk” and “—Strategic Transactions Risk.”

Lending of Portfolio Securities.

The Fund may lend its portfolio securities
to broker-dealers and banks. Any such loan must be continuously secured by collateral in cash or cash equivalents maintained on a current
basis in an amount at least equal to 102% of the value of the securities loaned. The Fund would continue to receive the equivalent of
the interest or distributions paid by the issuer on the securities loaned and would also receive an additional return that may be in
the form of a fixed fee or a percentage of the collateral. The Fund may pay reasonable fees for services in arranging these loans. The
Fund would have the right to call the loan and obtain the securities loaned at any time on notice of not more than five (5) business
days. The Fund would not have the right to vote the securities