Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 72

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 72
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.001 per share. Each Common Share has one vote. Pursuant
to the Declaration of Trust, when issued and paid for in accordance with the terms of this offering, the Common Shares will be fully
paid and non-assessable. The Declaration of Trust provides that the Board of Trustees will have the power to cause shareholders to pay
expenses of the Fund by setting off charges due from shareholders from declared but unpaid distributions owed the shareholders and/or
by reducing the number of Common Shares owned by each respective shareholder. No expenses have been paid or are being paid pursuant to
such provision, and the Board of Trustees has no intention to cause expenses to be paid pursuant to such provision, which in any event
may only be utilized to the extent permitted by the 1940 Act.

The Fund intends to hold annual
meetings of shareholders so long as the Common Shares are listed on a national securities exchange and such meetings are required as a
condition to such listing. All Common Shares are equal as to distributions, assets and voting privileges and have no conversion, preemptive
or other subscription rights. The Fund will furnish annual and semi-annual reports, including financial statements, to all holders of
its shares.

Unlike open-end funds, closed-end
funds like the Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy
additional Common Shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise.
Shares of closed-end funds frequently trade on an exchange at prices lower than net asset value. Because the market value of the Common
Shares may be influenced by such factors as distribution levels (which are in turn affected by expenses), distribution stability, net
asset value, relative demand for and supply of such shares in the market, general market and economic conditions and other factors beyond
the control of the Fund, the Fund cannot assure you that Common Shares will trade at a price equal to or higher than net asset value in
the future. The Common Shares are designed primarily for long-term investors, and you should not purchase the Common Shares if you intend
to sell them soon after purchase.

Issuance of Additional Common Shares

The provisions of the 1940
Act generally require that the public offering price (less underwriting commissions and discounts) of common shares sold by a closed-end
investment company must equal or exceed the net asset value of such company’s common shares (calculated within 48 hours of the
pricing of