Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 34

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 34
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 a special meeting may be made only (1) pursuant to the Fund’s notice of the meeting, (2) by the Board
of Trustees or (3) provided that the Board of Trustees has determined that Trustees will be elected at the meeting, by a shareholder of
record both at the time of giving of notice and at the time of the annual meeting who is entitled to vote at the meeting and who has complied
with the advance notice provisions of the By-Laws.

Calling of Special Meetings
of Shareholders

The Fund’s By-Laws
provide that special meetings of shareholders may be called at any time by the Chairman, the President or the Trustees of the Fund. By
following certain procedures, a special meeting of shareholders will also be called by the Secretary of the Fund upon the written request
of the Common Shareholders entitled to cast not less than a majority of all the votes entitled to be cast at such meeting.

Additional Provisions of the Declaration of Trust

The Declaration of Trust
provides that there shall not be applicable to the Fund, the Fund’s trustees or the Declaration of Trust the establishment of fiduciary
or other standards of responsibilities or limitations on the acts or powers of trustees, which are inconsistent with the limitations or
liabilities or authorities and powers of the Trustees set out or referenced in the Declaration of Trust. Notwithstanding the foregoing,
no provision of the Declaration of Trust shall limit, waive or modify the duties of the Fund’s trustees, officers, members of any
advisory board, investment adviser or depositor arising under the federal securities laws.

Under the Declaration of
Trust and By-Laws, and under Delaware law, the Trustees, officers, employees and certain agents of the Fund are entitled to indemnification
under certain circumstances against liabilities, claims and expenses arising from any threatened, pending or completed action, suit or
proceeding to which they are made parties by reason of the fact that they are or were such Trustees, officers, employees or agents of
the Fund, subject to the limitations of the 1940 Act that prohibit indemnification that would protect such persons against liabilities
to the Fund or its shareholders to which they would otherwise be subject by reason of their own bad faith, willful misfeasance, gross
negligence or reckless disregard of duties.

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Pursuant to the Declaration
of Trust, in order to bring a derivative action on behalf of the Trust a shareholder or shareholders must make a pre-suit demand upon