Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 18

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 18
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 |  5,035 |
| November 30, 2023   |     | Borrowings |     | $           | 19,315,000 |     | $         |  5,391 |
| November 30, 2022*  |     | Borrowings |     | $           |  7,315,000 |     | $         | 13,736 |
| November 30, 2021   |     | Borrowings |     | $           | 33,715,000 |     | $         |  3,399 |
| November 30, 2020   |     | Borrowings |     | $           | 13,915,000 |     | $         |  5,287 |
| November 30, 2019   |     | Borrowings |     | $           | 28,915,000 |     | $         |  3,411 |
| November 30, 2018   |     | Borrowings |     | $           | 26,050,000 |     | $         |  3,932 |
| November 30, 2017   |     | Borrowings |     | $           | 33,650,000 |     | $         |  3,407 |
| November 30, 2016   |     | Borrowings |     | $           | 49,454,000 |     | $         |  3,021 |
| November 30, 2015   |     | Borrowings |     | $           | 43,369,000 |     | $         |  3,136 |

| * | On November 30, 2022 the Fund reduced its borrowings by paying down $22 million outstanding under its                                    
 borrowing facility. As a result of the timing of this transaction, the Fund’s balance sheet as of November 30, 2022 includes             
 an amount due to the Fund’s custodian of $22 million, which amount was eliminated when the pay down process was completed on December 1, 
 2022.                                                                                                                                    |

10

<div align='center'>THE
FUND</div>

NXG Cushing
Midstream Energy Fund (the “Fund”) was formed as a Delaware statutory trust on May 23, 2007 and is a non-diversified,
closed-end management investment company registered under the Investment Company Act of 1940 Act (