Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 129

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 129
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 of the Fund
and another advisory account. In some cases, this procedure could have an adverse effect on the price or the amount of securities available
to the Fund. In making such allocations between the Fund and other advisory accounts, the main factors considered by the Investment Adviser
are the investment objective, the relative size of portfolio holding of the same or comparable securities, the availability of cash for
investment and the size of investment commitments generally held, and the views of the persons responsible for recommending investments
to the Fund and such other accounts and funds.

Commissions Paid

The Fund paid approximately
the following commissions to brokers during the fiscal years shown:

| Fiscal Year Ended November 30                           
 2024                                                    |     | All     
 Brokers | 789,107 |     | Affiliated Brokers 
 None               |
|:--------------------------------------------------------|:----|:--------|--------:|:----|:-------------------|
| 2023                                                    |     | $       | 511,710 |     | None               |
| 2022                                                    |     | $       | 589,325 |     | None               |
| Fiscal Year Ended November 30,                          
 2024 Percentages:                                       |     |         |         |     |                    |
| Commissions with affiliate to total transactions:       |     |         |         |     | None               |
| Value of brokerage transactions with affiliate to total 
 transactions:                                           |     |         |         |     | None               |

During the fiscal period ended
November 30, 2024, the Fund paid $341,661 in brokerage commissions on transactions totaling $8,541,514 to brokers selected primarily
on the basis of research services provided to the Investment Adviser.

<div align='center'>U.S.
FEDERAL INCOME TAX CONSIDERATIONS</div>

The following discussion is
a summary of the U.S. federal income tax considerations generally applicable to the ownership and disposition of Common Shares. This discussion
is based upon current provisions of the Code, the Treasury regulations promulgated thereunder and judicial and administrative authorities,
all of which are subject to change or differing interpretations by the courts or the Internal Revenue Service (the “IRS”),
possibly with retroactive effect. This discussion does not address any other U.S. federal tax considerations (such as estate, gift, or
net investment taxes) or any state, local or non-U.S. tax considerations. No ruling has been or will be sought from the IRS regarding
any matter