Company: SRV
Filing Date: 2025-03-18
Form Type: CORRESP
Source: 0001398344-25-005716
Chunk: 2

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-18
Form: CORRESP
Chunk 2
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 the nature of Mr. Swank’s indirect ownership in the Adviser.

| (c) | Please disclose the amount of Jerry Swank’s direct and indirect ownership of Adviser. |

As noted above, Mr. Swank owns 82.05% of the Adviser
directly and 1% of the Adviser indirectly through Swank Capital. This information was included in the Preliminary Proxy Statement as of February 28, 2025, and in the Definitive Proxy Statement will be
updated to reflect the March 15, 2025 figures. In addition, in the Definitive Proxy Statement, the Funds will add this information
under the heading “Why am I being asked to vote on a new investment advisory agreement?” in the Questions and Answers.

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| (d) | What is the nature of the agreement governing the Adviser Ownership Plan? Is it set forth in the Adviser Operating Agreement or 
 is there another agreement? Have Jerry Swank, Swank Capital and NXG Cushing already entered into this agreement?                |

The Adviser Ownership Plan is set forth in
the Adviser Operating Agreement. The Adviser Operating Agreement was entered into by Jerry Swank, Swank Capital and NXG Cushing effective
as of June 6, 2024. The Funds have revised disclosure to clarify that the defined term “Adviser Ownership Plan” refers to
the series of transactions contemplated by the Adviser Operating Agreement and described in the Proxy Statement, and does not refer to
a separate agreement.

| (e) | The Staff notes the lack of definitive timing regarding when the changes of control will occur or if multiple changes of control    
 will occur and the amount of the quarterly distributions to be paid by the Adviser to reduce Jerry Swank’s interest in the Adviser: |

| (i) | Please revise the disclosure to provide a definitive time for when the change of control will occur and the New Advisory Agreements 
 will be entered into and describe such definitive time consistently throughout the Definitive Proxy Statement.                      |

Due to the nature of the terms of the Adviser
Ownership Plan as set forth in the Adviser Operating Agreement, the Funds cannot provide a definitive time for when any Change of Control
Event will occur and when the New Advisory Agreements will be entered into, as the quarterly distributions paid by the Adviser to reduce
Jerry Swank’s interest in the Adviser depend on the Adviser’s assets under management