Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 32

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 32
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 in an increased realization of net short-term capital gains or capital losses by the Fund.                            |

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| Strategic                                                                                                                                    
 Transactions Risk. The Fund may, but is not required to, use investment strategies (referred to herein as “Strategic Transactions”)          
 for hedging, risk management or portfolio management purposes or to earn income. The Fund’s use of Strategic Transactions may                
 involve the purchase and sale of derivative instruments. The Fund may purchase and sell exchange-listed and over-the-counter put             
 and call options on securities, indices and other instruments, enter into forward contracts, purchase and sell futures contracts             
 and options thereon, enter into swap, cap, floor or collar transactions, purchase structured investment products and enter into transactions 
 that combine multiple derivative instruments. Strategic Transactions often have risks similar to the securities underlying the Strategic     
 Transactions. However, the use of Strategic Transactions also involves risks that are different from, and possibly greater than,             
 the risks associated with other portfolio investments. Strategic Transactions may involve the use of highly specialized instruments          
 that require investment techniques and risk analyses different from those associated with other portfolio investments. The use of            
 derivative instruments has risks, including the imperfect correlation between the value of the derivative instruments and the underlying     
 assets, the possible default of the counterparty to the transaction or illiquidity of the derivative investments. Furthermore, the           
 ability to successfully use these techniques depends on the Investment Adviser’s ability to predict pertinent market movements,              
 which cannot be assured. Thus, the use of Strategic Transactions may result in losses greater than if they had not been used, may            
 require the Fund to sell or purchase portfolio securities at inopportune times or for prices other than current market values, may           
 limit the amount of appreciation the Fund can realize on an investment or may cause the Fund to hold a security that it might otherwise      
 sell. In addition, amounts paid by the Fund as premiums and cash, or other assets held in margin accounts with respect to Strategic          
 Transactions are not otherwise available to the Fund for investment purposes. It is possible that government regulation of various           
 types of derivative instruments, including regulations enacted pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection         
 Act (the “Dodd-Frank Act”), which was signed into law in July 2010, may impact the availability, liquidity and cost of                       
 derivative instruments. There can be no assurance that such regulation will not have a material adverse effect on the Fund or will           
 not impair the ability of the Fund