Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 122

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 122
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 of whether the options are written
on different exchanges or through one or more brokers. These position limits may restrict the number of listed options which the Fund
may write. Option positions of all investment companies advised by the Investment Adviser are combined for purposes of these limits.
An exchange may order the liquidation of positions found to be in excess of these limits and may impose certain other sanctions or restrictions.

<div align='center'>S-12</div>

Other Investment Companies

The Fund invests in securities of other closed-end
or open-end investment companies (including ETFs) that invest primarily in companies in which the Fund is permitted to invest directly
to the extent permitted by the 1940 Act. The Fund may invest in other investment companies during periods when it has large amounts of
uninvested cash, such as the period shortly after the Fund receives the proceeds of the offering of its Securities, during periods when
there is a shortage of attractive midstream energy company securities available in the market, or when the Investment Adviser believes
share prices of other investment companies offer attractive values. The Fund invests in investment companies that are advised by the
Investment Adviser or its affiliates only to the extent permitted by applicable law and/or pursuant to exemptive relief from the SEC.

As a stockholder in an investment company,
the Fund will bear its ratable share of that investment company’s expenses, and would remain subject to payment of the Fund’s
management fees and other expenses with respect to assets so invested. common shareholders would therefore be subject to duplicative
expenses to the extent the Fund invests in other investment companies. The Investment Adviser will take expenses into account when evaluating
the investment merits of an investment in an investment company relative to other available investments. To the extent that the Fund
invests in investment companies that invest primarily in midstream energy companies, such investments will be counted for purposes of
the Fund’s 80% policy.

Exchange-Traded Notes

Exchange-traded notes (“ETNs”),
which are typically unsecured, unsubordinated debt securities that trade on a securities exchange and are designed to replicate the returns
of market benchmarks minus applicable fees. To the extent that the Fund invests in ETNs that are designed to replicate indices comprised
primarily of midstream energy companies, such investments will be counted for purposes of the Fund’s 80% policy.

New Securities and Other Investment Techniques

New types of securities and other investment
and hedging practices are developed from time to time. The Investment Advis