Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 49

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 49
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 the Fund with brokers or dealers the Investment Adviser, in its sole discretion,
selects. To that end, the Investment Adviser is authorized as the Fund’s agent to give instructions to the Fund’s custodian
as to deliveries of securities or other investments and payments of cash for the Fund’s account. In connection with the selection
of brokers or dealers and the placement of purchase and sale orders, the Investment Adviser is subject to the supervision of the Board
of Trustees and is directed at all times to seek to obtain best execution and price within the policy guidelines determined by the Board
of Trustees, as may be amended from time to time, and is subject to provisions (b), (c) and (d) of this Section 5.

(b) . To the
extent permitted by the policy guidelines adopted by the Fund, in the selection of brokers and dealers to execute portfolio transactions,
the Investment Adviser is authorized to consider not only the available prices and rates of brokerage commissions, but also other relevant
factors, which may include, without limitation: the execution capabilities of the brokers and dealers; the research, custody, and other
services provided by the brokers and dealers that the Investment Adviser believes will enhance its general portfolio management capabilities;
the size of the transaction; the difficulty of execution; the operational facilities of these brokers and dealers; the risk to a broker
or dealer of positioning a block of securities; and the overall quality of brokerage and research services provided by the brokers and
dealers. In connection with the foregoing, the Investment Adviser is specifically authorized to pay those brokers and dealers who provide
brokerage and research services to the Investment Adviser a higher commission than that charged by other brokers and dealers if the Investment
Adviser determines in good faith that the amount of the commission is reasonable in relation to the value of the services in terms of
either the particular transaction or in terms of the Investment Adviser’s overall responsibilities with respect to the Fund and
to any other client accounts or portfolios that the Investment Adviser advises.

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(c) . On an ongoing
basis, but not less often than annually, the Investment Adviser will identify and provide a written description to the Board of Trustees
of all “soft dollar” arrangements that the Investment Adviser maintains with respect to the Fund or with brokers or dealers
that execute transactions for the Fund, and of all research and other services provided to the Investment Adviser by a broker or dealer
(whether prepared by such broker or dealer or