Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 33

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 33
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 purported exercise of any Right. Subscriptions will not be deemed to have been received or accepted until
substantially all irregularities have been waived or cured within such time as the Fund determines in its sole discretion. The Fund will
not be under any duty to give notification of any defect or irregularity in connection with the submission of subscription certificates
or incur any liability for failure to give such notification.

Delivery of Shares

Participants in the Fund’s dividend reinvestment
plan (the “Plan”) will have any Common Shares acquired pursuant to the Offer credited to their dividend reinvestment accounts
in the Plan. Common Shareholders whose Common Shares are held of record by DTC or by any other depository or nominee on their behalf or
their broker-dealers’ behalf will have any Common Shares acquired during the subscription period credited to the account of DTC
or other depository or nominee. No certificates will be issued or delivered with respect to Common Shares issued and sold in the Offer.

U.S. Federal Income Tax Considerations

The following is a general summary of U.S. federal
income tax considerations with respect to the Offer for Record Date Shareholders and other Rights holders who are U.S. Persons as defined
below. The following summary supplements the discussion set forth in the accompanying Prospectus and SAI under the headings “U.S.
Federal Income Tax Considerations” and is subject to the qualifications and assumptions set forth therein. Please refer to such
discussion for a general description of the U.S. federal income tax considerations with respect to an investment in Common Shares.

The summary below is based upon the Code, Treasury
regulations promulgated thereunder (“Treasury regulations”), judicial authorities, published positions of the Internal Revenue
Service (the “IRS”) and other applicable authorities, all as in effect on the date hereof and all of which are subject to
change or differing interpretations possibly with retroactive effect. The discussion does not address all of the tax consequences that
may be relevant to a particular Record Date Shareholder or other Rights holder, including those subject to special treatment under U.S.
federal income tax laws such as financial institutions, insurance companies, broker-dealers, tax-exempt organizations, foreign persons,
or persons holding Rights or Common Shares as part of a straddle or conversion transaction. This discussion is limited to Record Date
Shareholders and other Rights holders that hold Common Shares as capital assets. No ruling has been or will be sought from the IRS regarding
any matter discussed herein. No assurance can be given that