Company: SRV
Filing Date: 2025-10-22
Form Type: N-2/A
Source: 0001398344-25-019582
Chunk: 44

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-10-22
Form: N-2/A
Chunk 44
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 capital gain or loss to you which will be long-term capital gain or loss if the Common Shares
have been held for more than one year at the time of sale. Any loss upon the sale or exchange of Common Shares held for six months or
less will be treated as long-term capital loss to the extent of any capital gain dividends received by you (including amounts credited
to you as an undistributed capital gain distribution). Any loss realized on a sale or exchange of Common Shares will be disallowed if
other substantially identical shares are acquired (whether through the automatic reinvestment of distributions or otherwise) within a
61-day period beginning 30 days before and ending 30 days after the date of disposition of Common Shares. In such case, the basis of the
Common Shares acquired will be adjusted to reflect the disallowed loss. Present law taxes both long-term and short-term capital gain of
corporations at the rates applicable to ordinary income. For non-corporate taxpayers, under current law short-term capital gain is taxed
at the U.S. federal income tax rates applicable to ordinary income, while long-term capital gain generally is taxed at a reduced maximum
U.S. federal income tax rate.

Dividends and other taxable
distributions are generally taxable to Common Shareholders when paid. If, however, the Fund pays you a distribution in January that was
declared in the previous October, November or December to Common Shareholders of record on a specified date in one of such months, then
such distribution will be treated for tax purposes as being paid by the Fund and received by you on December 31 of the year in which
the distribution was declared.

Backup Withholding

The Fund may be required to
withhold, for U.S. federal backup withholding purposes, on all taxable distributions to any non-corporate holders of the Common Shares
who (1) do not furnish the Fund with their correct taxpayer identification number (in the case of individuals, generally their social
security number) or a certificate that such Common Shareholder is exempt from backup withholding, or (2) with respect to whom the IRS
notifies the Fund that such Common Shareholder has failed to properly report certain interest and dividend income to the IRS and to respond
to notices to that effect. Backup withholding is not an additional tax. Any amounts withheld from payments made to you may be refunded
or credited against your U.S. federal income tax liability, if any, provided that the required information is timely furnished to the
IRS. In