Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 126

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 126
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 such transactions, the Investment Adviser will allocate private investment opportunities among its Clients, including but not limited
to the registrant and the Affiliated Funds, based on allocation policies that take into account several suitability factors, including
the size of the investment opportunity, the amount each Client has available for investment and the Client’s investment objectives.
These allocation policies may result in the allocation of investment opportunities to an Affiliated Fund rather than to the registrant.

(a)(3) As of November 30, 2024:

Compensation

Mr. Musgrave and Mr. Sunderland are compensated by
the Investment Adviser. They receive a base salary and are eligible to receive incentive compensation based on the profits of the Investment
Adviser. The incentive compensation is affected by the amount of assets the Investment Adviser manages and the appreciation of those assets,
particularly over the long-term, but are not determined with specific reference to any particular performance benchmark or time period.
Some of the other accounts managed by Mr. Musgrave and Mr. Sunderland, including the Affiliated Funds, have investment strategies that
are similar to the registrant’s investment strategy. However, the Investment Adviser manages potential material conflicts of interest
by allocating investment opportunities in accordance with its allocation policies and procedures.

(a)(4) As of November 30, 2024:

Securities Beneficially Owned in the Registrant by Portfolio Managers

The following table provides information about the
dollar range of equity securities in the registrant beneficially owned by the portfolio manager:

| Portfolio Manager | Aggregate Dollar Range of Beneficial 
 Ownership in the Registrant          |
| John Musgrave     | $0-$100,000                          |
| Todd Sunderland   | $0-$100,000                          |

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

| Period                     |                                         (a) 
 Total Number of Shares (or Units) Purchased |                                   -b) 
 Average Price Paid per Share (or Unit |                                                                                         (c) 
 Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs |                                                                                                                     (d) 
 Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs |
| Month #1 06/01/24-06/30/24 |                                           0 |                                     0 |                                                                                           0 |                                                                                                                       0 |
| Month #2 07/