Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 119

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 119
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 U.S. Bancorp Global Fund Services 
 615 East Michigan Street, 3rd Floor     
 Milwaukee, WI 53202                     |

| CUSTODIAN                                     
 U.S. Bank, N.A.                               
 1555 N. River Center Drive, Suite 302         
 Milwaukee, WI 53212                           |
| TRANSFER AGENT                                
 U.S. Bancorp Fund Services, LLC,              
 d/b/a U.S. Bancorp Global Fund Services       
 615 East Michigan Street, 3rd Floor           
 Milwaukee, WI 53202                           |
| LEGAL COUNSEL                                 
 Skadden, Arps, Slate, Meagher & Flom LLP      
 320 South Canal Street                        
 Chicago, IL 60606                             |
| INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 
 Ernst & Young LLP                             
 2323 Victory Avenue, Suite 2000               
 Dallas, TX 75219                              |

<div align='center'>NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE</div>

| NXG Cushing® Midstream Energy Fund |                           |
|                                    | Investment Adviser        
 NXG Investment Management 
 One Energy Square         
 4925 Greenville Avenue    
 Suite 1310                
 Dallas, TX 75206          
 (214) 692-6334            
 (888) 777-2346            
 www.nxgim.com             |

| (b) | Not applicable. |

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s
principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics
during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during
the period covered by this report.

The registrant undertakes to provide to any person without charge, upon request, a copy of its code of ethics by mail when they call the registrant at 1-888-777-2346.

Item 3. Audit Committee Financial Expert.

The registrant’s board of trustees has determined
that there is at least one audit committee financial expert serving on its audit committee. Ms. Andrea N. Mullins is the “audit
committee financial expert” and is considered to be “independent” as each term is defined in Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

The registrant has engaged its principal accountant to perform