Company: SRV
Filing Date: 2025-03-18
Form Type: CORRESP
Source: 0001398344-25-005716
Chunk: 7

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-18
Form: CORRESP
Chunk 7
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 the Fund under terms that are substantially similar in all respects to those of the existing investment advisory 
 agreement …” What differences are anticipated in the terms of the agreements?                                                         |

The Funds confirm that no differences, other than dates of the
agreement and its expiration, are anticipated between the terms of the New Advisory Agreements relative to the terms of the existing investment
advisory agreements. The Funds note that under the heading “Proposal #2—New Advisory Agreement” it is disclosed that
“There are no material differences between the terms of each Fund’s New Advisory Agreement and the terms of each Fund’s
prior investment advisory agreement.”

| Comment 9: | Does the Adviser receive additional compensation from the                                                                             
 Funds for non-advisory services, such as administrative services? Please disclose whether during the period that the pre-approvals of 
 the new advisory agreements would apply, the Adviser intends to enter into any agreements to provide such services to the Funds.      |

The Adviser does not receive additional compensation from the
Funds for any non-advisory services and has no present intention to enter into any such agreements with the Funds to provide such services.
The Funds will add to the Definitive Proxy Statement disclosure that at no time prior to the final Change of Control Event pursuant to
the Adviser Ownership Plan and for two years thereafter, no “unfair burden” (as defined in the 1940 Act) will be imposed on
the Funds as a result of the transaction.

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| Comment 10: | In the Questions & Answers, under the heading “Who                                                                             
 will bear the costs of proxy solicitation?” disclosure states that “The costs and expenses of soliciting proxies in connection 
 with Proposal #1 will be borne by the Funds.” How will the costs of preparing the proxy statement be borne?                    |

The Funds will revise disclosure in the Definitive Proxy Statement
to clarify that costs and expenses associated the preparation of the proxy statement in connection with Proposal #1 will be borne by the
Funds and costs and expenses associated the preparation of the proxy statement in connection with Proposal #2 will be borne by the Adviser.

| Comment 11: | In the Questions & Answers, under the heading “Who                                                                          
 will bear the costs of proxy solicitation?” please provide additional information regarding how costs of solicitation would 
 be allocated between Proposal #1 and Proposal #2.                                                                           |

Proposal #1 is a routine proposal that typically requires minimal,