Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 122

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 122
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 investment accounts and pooled investment vehicles (each a “Client” and collectively, the “Clients”).
Through these relationships the Investment Manager is sometimes delegated the right to vote, on behalf of the Clients, proxies received
from companies, the securities of which are owned by the Clients.

<div align='center'>Purpose</div>

The Investment Manager follows this proxy voting policy
(the “Policy”) to ensure that proxies the Investment Manager votes, on behalf of each Client, are voted in accordance
with the best interest of that Client. The Policy establishes a mechanism to (i) ensure the voting determination is based upon accurate
and complete information, and (ii) address any conflicts of interests between the Investment Manager and the Client. Further, the Policy
establishes how records of proxy votes are maintained and verified and how Clients may obtain information on proxies voted in relation
to the securities held in their account.

<div align='center'>Determination of Vote</div>

The Investment Manager determines how to vote after studying
the proxy materials and any other materials that may be necessary or beneficial to voting. The Investment Manager votes in a manner that
the Investment Manager believes reasonably furthers the best interests of the Client and is consistent with each Client’s applicable
investment objective and strategies as set forth in the relevant investment management documents. Where multiple Clients are involved
in a proxy voting decision, the Investment Manager shall consider whether it should have different voting recommendations for certain
Clients, depending upon their unique investment objective and strategies.

The major proxy-related issues generally fall within six
categories: corporate governance, takeover defenses, compensation plans, capital structure, social responsibility, and environmental protection.
The Investment Manager will cast votes for these matters on a case-by-case basis. The Investment Manager will generally vote in favor
of matters which follow an agreeable corporate strategic direction, support an ownership structure that enhances shareholder value without
diluting management’s accountability to shareholders and/or present compensation plans that are commensurate with enhanced management
performance and market practices. In evaluating environmental and social responsibility proxy questions, the Investment Manager will consider
current and expected industry practices, with a bias towards enhancing the long-term value of the investment.

There may be occasions where the Investment Manager determines
that it is in the best interest of its Clients to refrain from voting a proxy including, for example, (i) the case where the Investment
Manager determines that the cost to the Client of voting the proxy exceeds the expected benefit to the Client or (ii) the case where the
Investment Manager has