Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 16

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 16
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     | $            | 45.03 |     | $   | 37.94 |     | $                 | 41.55 |     | $   | 39.35 |     |                    | 8.38 | % |     |     |  -3.59 | % |
| August 31, 2024      |     | $            | 43.60 |     | $   | 39.06 |     | $                 | 41.86 |     | $   | 39.21 |     |                    | 4.16 | % |     |     |  -0.38 | % |
| November 30, 2024    |     | $            | 47.20 |     | $   | 40.07 |     | $                 | 44.20 |     | $   | 43.15 |     |                    | 6.79 | % |     |     |  -7.14 | % |

As of January 9, 2025, the net asset value of the Fund’s Common Shares
was $45.58 per Common Share, and the last reported sale price for the Fund’s Common Shares on the NYSE was $45.67 per Common Share,
representing a premium to net asset value of 0.20%.

<div align='center'>RECENT DEVELOPMENTS</div>

Distributions

The Fund pays monthly distributions to Common Shareholders.
Payment of future distributions is subject to approval by the Fund’s Board of Trustees, as well as meeting the covenants of any
outstanding borrowings and the asset coverage requirements of the 1940 Act. The distributions the Fund has paid or declared since May
31, 2024 are as follows:

| Payment Date       | Record Date        | Distribution per Common Share |
| December 31, 2024* | December 27, 2024  |                      $0.31477 |
| December 31, 2024  | December 16, 2024  |                         $0.45 |
| November 29, 2024  | November 15, 2024  |                         $0.45 |
| October 31, 2024   | October 15, 2024   |                         $0.45 |
| September 30, 2024 | September 17, 2024 |                         $0.45 |
| August 30, 202