Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 57

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 57
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 Aggregate Dollar                                                                                                           
 Range of Equity Securities in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies(1) |
| Independent Trustees: |                               |                                                                                                                            |
| John H. Alban         | None                          | None                                                                                                                       |
| Brian R. Bruce        | $10,001-$50,000               | $10,001-$50,000                                                                                                            |
| Andrea N. Mullins     | $10,001-$50,000               | $10,001-$50,000                                                                                                            |
| Interested Trustee:   |                               |                                                                                                                            |
| John Musgrave(2)      | More than $100,000            | More than $100,000                                                                                                         |

| (1) | The “Family of Investment Companies” includes the Fund and each other registered investment                                           
 company for which the Investment Adviser serves as investment adviser. As of the date of this SAI, there are two funds (including the 
 Fund) in the Family of Investment Companies.                                                                                          |

| (2) | Mr. Musgrave was appointed as a Trustee of the Fund on January 23, 2025. |

As of December 31, 2024,
the Trustees and officers of the Fund as a group owned less than 1% of the outstanding common shares of the Fund.

<div align='center'>PORTFOLIO
MANAGEMENT</div>

The information contained under
“Item 13. Portfolio Managers of Closed-End Management Investment Companies” in the Fund’s Annual Report is incorporated
herein by reference.

<div align='center'>INVESTMENT
MANAGEMENT AGREEMENT</div>

Cushing Asset
Management, LP d/b/a NXG Investment Management acts as the investment adviser to the Fund. The Investment Adviser’s principal business
address is One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, Texas 75206.

The Investment Adviser provides
investment advisory services to the Fund pursuant to the terms of an Investment Advisory Agreement (the “Investment Management Agreement”),
dated August 6, 2007, between the Investment Adviser and the Fund. The Investment Management Agreement has an initial term expiring
two years after the date of its execution, and may be continued in effect from year to year thereafter subject to the approval thereof
by (1) the Board of Trustees or (2) vote of a majority (as defined by the 1940 Act) of the outstanding voting securities of the Fund