Company: SRV
Filing Date: 2025-10-22
Form Type: N-2/A
Source: 0001398344-25-019582
Chunk: 95

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-10-22
Form: N-2/A
Chunk 95
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 United
States owners” or (ii) provides certain information regarding the entity’s “substantial United States owners,”
which the applicable withholding agent will in turn provide to the Secretary of the Treasury. An intergovernmental agreement between the
United States and an applicable foreign country, or future Treasury regulations or other guidance, may modify these requirements. The
Fund will not pay any additional amounts to Common Shareholders in respect of any amounts withheld. Non-U.S. shareholders are encouraged
to consult with their tax advisors regarding the possible withholding implications of an investment in Common Shares.

Furthermore, if the Fund distributes
its net capital gains in the form of deemed rather than actual distributions (which the Fund may do in the future), a non-U.S. shareholder
will be entitled to a U.S. federal income tax credit or tax refund equal to the shareholder’s allocable share of the tax the Fund
pays on the capital gains deemed to have been distributed. In order to obtain the refund, the non-U.S. shareholder must obtain a U.S.
taxpayer identification number and file a federal income tax return even if the non-U.S. shareholder is not otherwise required to obtain
a U.S. taxpayer identification number or file a federal income tax return. For a corporate non-U.S. shareholder, distributions (both actual
and deemed), and gains realized upon the sale of Common Shares that are effectively connected with a U.S. trade or business (or, where
an applicable treaty applies, are attributable to a permanent establishment in the United States) may, under certain circumstances, be
subject to an additional “branch profits tax” at a 30% rate (or at a lower rate if provided for by an applicable tax treaty).
Accordingly, investment in Common Shares may not be appropriate for certain non-U.S. shareholders.

Backup Withholding

The Fund may be required to
withhold, for U.S. federal backup withholding purposes, on all taxable distributions to any non-corporate holders of Common Shares who
(1) do not furnish the Fund with their correct taxpayer identification number (in the case of individuals, generally their social security
number) or a certificate that such Common Shareholder is exempt from backup withholding, or (2) with respect to whom the IRS notifies
the Fund that such Common Shareholder has failed to properly report certain interest and dividend income to the IRS and to respond to
notices to that effect. A non-U.S. shareholder who is a nonresident alien individual, and who is otherwise subject