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

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 14
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 the last reported sales price of the Common Shares on the NYSE on January 9, 2025) after deducting
the estimated commission and estimated offering expenses. There is no guarantee that there will be any sales of Common Shares under this
Prospectus Supplement and the accompanying Prospectus. Actual sales, if any, of the Common Shares under this Prospectus Supplement and
the accompanying Prospectus may be at a price greater or less than $45.67 per Common Share, depending on the market price of the Common
Shares at the time of any such sale. The Fund and the Distributor will determine whether any sales of Common Shares will be authorized
on a particular day. The Fund and the Distributor, however, will not authorize sales of Common Shares if the price per Common Share is
less than the Minimum Price. The Fund and the Distributor may elect not to authorize sales of Common Shares on a particular day even if
the price per Common Share is equal to or greater than the Minimum Price, or may only authorize a fixed number of Common Shares to be
sold on any particular day. The Fund and the Distributor will have full discretion regarding whether sales of Common Shares will be authorized
on a particular day and, if so, in what amounts. As a result, the actual net proceeds received by the Fund may be less than the amount
of net proceeds estimated in this paragraph.

The Fund intends to invest the net proceeds of any
sales of Common Shares under this Prospectus Supplement and the accompanying Prospectus in accordance with its investment objective and
policies as stated in the accompanying Prospectus. It is currently anticipated that the Fund will be able to invest substantially all
of the net proceeds of the offering in accordance with its investment objective and policies within three months after receipt of such
proceeds. Pending such investment, it is anticipated that the proceeds will be invested in U.S. government or high grade, short-term money
market instruments, which have returns substantially lower than those the Fund anticipates earning once it has fully invested the proceeds
of an offering in accordance with its investment objective. The Fund may also use the proceeds for working capital purposes, including
the payment of distributions, interest and operating expenses, although the Fund currently has no intent to issue Common Shares primarily
for these purposes. A delay in the anticipated use of proceeds could lower returns and reduce the Fund’s distribution to Common
Shareholders.

<div align='center'>MARKET AND NET ASSET VALUE INFORMATION</div>

The Fund’s