Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 8

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 8
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 Adviser will continue to manage each Fund under the existing investment advisory agreements, but may be unable to do so
following a Chance of Control Event pursuant to the Adviser Ownership Plan. In the event that shareholders of either Fund do not approve
their Fund’s New Advisory Agreement, the Board will determine a course of action believed by the Board to be in the best interests
of such Fund and its shareholders. The Board urges you to vote without delay in order to avoid potential disruption of your Fund’s
operations.

| ● | How many votes are required to each proposal? |

With respect to Proposal 1, the affirmative
vote of a plurality of the shares present in person or by proxy for each Fund at the Annual Meeting at which a quorum (i.e., one-third
of the outstanding shares of each Fund entitled to vote at the Annual Meeting) is present is necessary to elect a Trustee nominee.

With respect to Proposal 2, approval of
each Fund’s New Advisory Agreement requires the affirmative vote of lesser of (i) 67% or more of the shares entitled to vote thereon
present at the Annual Meeting if the holders of more than 50% of such outstanding shares are present in person or represented by proxy;
or (ii) more than 50% of such outstanding shares entitled to vote thereon

| ● | Will my vote make a difference? |

Yes!Your vote is important and could
make a difference in the governance of the Fund(s), no matter how many shares you own.

| ● | Who is asking for my vote? |

The enclosed proxy is solicited by the Board
of each Fund for use at the Annual Meeting to be held on May 22, 2025, and, if the Annual Meeting is adjourned, postponed or delayed,
at any later meeting(s), for the purposes stated in the Notice of Annual Meeting.

| ● | How does the Board recommend that shareholders vote? |

The Board unanimously recommends that you
vote “FOR” the Trustee nominee(s) named in this Proxy Statement for your Fund and “FOR” the approval of the New
Advisory Agreement for your Fund.

The Board has reviewed the qualifications
and backgrounds of the Board’s nominees and believes that they are experienced in overseeing investment companies and are familiar
with the Funds, their investment strategies and operations and the investment adviser of the Funds. The Board has approved the nominees
named in this Proxy Statement and believes their election is in your best interests as shareholders.

| ● | Who