Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 37

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 37
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2021      |     | $      | 28.92 |     | $   | 22.73 |     | $                                | 37.34 |     | $   | 31.07 |     |                                                       | -22.55 | % |     |     | -26.84 | % |
| February      
 28, 2021      |     | $      | 25.12 |     | $   | 20.84 |     | $                                | 33.36 |     | $   | 27.41 |     |                                                       | -24.70 | % |     |     | -23.97 | % |

As of October 24, 2023, the net asset value of the Fund’s Common Shares was $36.93 per Common Share, and the last reported sale price for the Fund’s Common Shares on the NYSE was $38.48 per Common Share, representing a premium to net asset value of 4.20%. The Fund cannot predict whether its Common Shares will trade in the future at a premium to or discount from net asset value, or the level of any premium or discount. Shares of closed-end investment companies frequently trade at a discount from net asset value. As of October 24, 2023, 2,184,204 Common Shares of the Fund were outstanding.

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INVESTMENT OBJECTIVE AND POLICIES</div>

Investment Objective

The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. There can be no assurance that the Fund’s investment objective will be achieved.

Principal Investment Policies

The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of Managed Assets (as defined in this Prospectus) in a portfolio of midstream energy investments (the “80% policy”). For purposes of the Fund’s 80% policy, midstream energy investments are investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream energy services, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, crude oil refined petroleum products, biofuels, carbon sequestration, solar, and wind. The Fund considers a company to be a midstream energy company if at least 50% of its assets, income, sales or profits are committed to or derived