Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 31

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 31
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 less experienced management and more     
 limited financial resources than larger midstream energy companies, and may be more vulnerable to adverse general market or economic   
 developments. Stocks of these midstream energy companies may be less liquid than those of larger midstream energy companies, and       
 may experience greater price fluctuations than larger midstream energy companies. In addition, small-cap or mid-cap company securities 
 may not be widely followed by investors, which may result in reduced demand.                                                           |

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| Leverage                                                                                                                                  
 Risk. The Fund may use leverage through the issuance of Indebtedness or the issuance of preferred shares. The use of leverage             
 magnifies both the favorable and unfavorable effects of price movements in the investments made by the Fund. Insofar as the Fund          
 employs leverage in its investment operations, the Fund will be subject to increased risk of loss. In addition, the Fund pays (and        
 the holders of Common Shares bear) all costs and expenses relating to the issuance and ongoing maintenance of leverage, including         
 higher advisory fees. Similarly, any decline in the net asset value of the Fund’s investments will be borne entirely by the               
 holders of Common Shares. Therefore, if the market value of the Fund’s portfolio declines, the leverage will result in a greater          
 decrease in net asset value to the holders of Common Shares than if the Fund were not leveraged. This greater net asset value decrease    
 will also tend to cause a greater decline in the market price for the Common Shares. See “Risks—Leverage Risk.”                           |
| Non-Diversification                                                                                                                       
 Risk. The Fund is a non-diversified, closed-end management investment company under the 1940 Act. Accordingly, the Fund invests           
 a greater portion of its assets in a more limited number of issuers than a diversified fund. An investment in the Fund may present        
 greater risk to an investor than an investment in a diversified portfolio because changes in the financial condition or market assessment 
 of a single issuer may cause greater fluctuations in the value of the Fund’s shares. See “Risks—Non-Diversification                       
 Risk.”                                                                                                                                    |
| Portfolio                                                                                                                                 
 Turnover Risk. Portfolio turnover rate is not considered a limiting factor in the Investment Adviser’s execution of investment            
 decisions. The Fund anticipates that its annual portfolio turnover rate may vary greatly from year to year. A higher portfolio turnover   
 rate results in correspondingly greater brokerage commissions and other transactional expenses that are borne by the Fund. High portfolio 
 turnover may result