Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 39

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 39
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 the general
application under the 1940 Act of state control share statutes exists as a result of recent federal and state court decisions that have
found that certain control share by-laws and the opting in to state control share statutes violated the 1940 Act. Additionally, in some
circumstances uncertainty may also exist in how to enforce the control share restrictions contained in state control share statutes against
beneficial owners who hold their shares through financial intermediaries. The Board has considered the Control Share Statute and the uncertainty
around the general application under the 1940 Act of state control share statutes and enforcement of statute control share statutes. The
Board intends to continue to monitor developments relating to the Control Share Statute and state control share statutes generally.

The foregoing is only a summary
of certain aspects of the Control Share Statute. Shareholders should consult their own legal counsel to determine the application of the
Control Share Statute with respect to their shares of the Funds and any subsequent acquisitions of shares.

Important Notice Regarding Internet Availability of Proxy Materials for Annual Meeting to be held on May 22, 2025

This Proxy Statement, each Fund’s
most recent Annual Report, the form of proxy and the Notice of Annual Meeting (the “”) are available
to you on the internet at [ ]. These Proxy Materials will be available on the internet through the day of the Annual Meeting.

Each Fund will furnish to any shareholder, without charge, a copy of such Fund’s most recent annual report to shareholders upon request. Requests should be directed to the Funds, c/o the Adviser, One Energy Square, 4925 Greenville Ave., Suite 1310, Dallas, Texas 75206, (888) 777-2346.

Delinquent Section 16(a) Reports

Section 16(a) of the
Securities Exchange Act of 1934 and Section 30(h) of the 1940 Act require each Fund’s officers and Trustees, the Adviser,
affiliated persons of the Adviser, and persons who beneficially own more than ten percent of a Fund’s shares to file certain
reports of ownership (“”) with the SEC and the NYSE. Based upon each Fund’s review
of the copies of such forms effecting the Section 16 filings received by it, each Fund believes that for its most recently
completed fiscal year, all filings applicable to such persons were completed and timely filed, except that the initial Form 3 filed
on behalf of Brad Mead for each Fund, upon his