Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 1

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 1
---
 Agreement”), with UBS Securities LLC (the “Sub-Placement Agent”)
relating to the Common Shares offered pursuant to this Prospectus Supplement and the accompanying Prospectus. In accordance with the terms
of the Sub-Placement Agent Agreement, the Fund may offer and sell its Common Shares from time to time through the Sub-Placement Agent
as sub-placement agent for the offer and sale of its Common Shares. The Fund will compensate the Distributor with respect to sales of
Common Shares at a commission rate of 1.00% of the gross proceeds of the sale of Common Shares. Out of this commission, the Distributor
will compensate the Sub-Placement Agent at a rate of up to 0.80% of the gross sales proceeds of the sale of the Common Shares sold by
the Sub-Placement Agent.

As of January 13, 2025, the Fund has sold 175,000 Common Shares pursuant to the Distribution Agreement and 570,000 Common Shares remain
available for sale pursuant to this Prospectus Supplement and the accompanying Prospectus.

NYSE Listing. The Fund’s currently outstanding
Common Shares are, and the Common Shares offered by this Prospectus Supplement and the accompanying Prospectus, will be, subject to notice
of issuance, listed on the New York Stock Exchange (the “NYSE”) under the symbol “SRV.” 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%.

Investing in the Fund’s Common Shares involves certain risks, including the possible loss of the entire principal amount that you invest. The Fund utilizes leverage, which is subject to numerous risks. See “Risks” on page S-9 of this Prospectus Supplement and on page 39 of the accompanying Prospectus and “Additional Information (Unaudited)—Risks” in the Fund’s most recent Annual Report on Form N-CSR and in any of the Fund’s other filings with the Securities and Exchange Commission (“SEC”) incorporated herein by reference. You should carefully consider these risks together with all of the other information contained in this Prospectus Supplement and the accompanying Prospectus before making a decision to purchase the Fund’s Common Shares.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this Prospectus Supplement and