Company: SRV
Filing Date: 2025-10-22
Form Type: N-2/A
Source: 0001398344-25-019582
Chunk: 12

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-10-22
Form: N-2/A
Chunk 12
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 return of capital distributions) reinvested in Common Shares issued by the Fund or Common Shares of the Fund purchased on the open market in accordance with the Fund’s dividend reinvestment plan unless an election is made to receive cash. Common Shareholders who receive distributions in the form of additional Common Shares will be subject to the same U.S. federal income tax consequences as Common Shareholders who elect to receive their distributions in cash. See “Dividend Reinvestment Plan.” |
| Listing and Symbol          | The Fund’s currently outstanding Common Shares are, and the Common Shares offered by this                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 Prospectus will be, subject to notice of issuance, listed on the New York Stock Exchange (the “NYSE”) under the symbol                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 “SRV.” As of October 14, 2025, the net asset value of the Fund’s Common Shares was $44.62  per Common Share, and the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 last reported sale price for the Fund’s Common Shares on the NYSE was $44.00  per Common Share, representing a premium to net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 asset value of 3.24%. In connection with any offering of Rights, the Fund will provide information in the Prospectus Supplement for                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 the expected trading market, if any, for Rights.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Special Risk Considerations | Investors should consider the specific risk factors and special considerations associated with investing in the Fund. An investment in the Fund is subject to investment risk, including the possible loss of your entire investment.                                                                                                                                                                                                                                                                                                                                                                             
 See “Risks.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Other Service Providers     | Under a transfer agent servicing agreement among U.S. Bancorp Global Fund Services and the Fund, U.S. Bancorp Global Fund Services serves as the Fund’s transfer agent, registrar and distribution disbursing agent. U.S. Bancorp Global Fund Services (the “Administrator”) provides the Fund with administrative services. The Administrator also performs fund accounting.                                                                                                                                                                                                                                     |
|                             | U.S. Bank National Association serves as the custodian of the Fund’s securities and other assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

<div align='center'>6

SUMMARY
OF FUND EXPENSES</div>

The following table contains information about
the costs and expenses that common shareholders will bear directly or indirectly. The table is based on the capital structure of the
Fund as of May 31, 2025 (except as noted below). The purpose