Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 32

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 32
---
LI Cushing® MLP Premier Fund | Open-End Mutual Fund | $1 billion   | 0.55%*            |

| * | The Adviser serves as investment sub-adviser to NYLI Cushing® MLP Premier Fund (the “Mutual                                      
 Fund”). The Mutual Fund pays to its investment adviser an annual investment advisory fee of 1.10% of the Fund’s average daily    
 net assets from which the investment adviser pays to the Adviser an annual sub-advisory fee of 0.55% of the Fund’s average daily 
 net assets.                                                                                                                      |

| 17 |

Relationships with the Funds Except
as set forth herein, no Trustee or officer of the Funds is an officer, employee, director, general partner or shareholder of the Adviser
or has any material direct or indirect interest in the Adviser or any other person controlling, controlled by or under common control
with the Adviser.

Affiliated Brokerage.During
the fiscal year ended November 30, 2024, the Funds paid no brokerage commissions to (i) any broker that is an affiliated person
of the Funds or an affiliated person of such person, or (ii) any broker an affiliated person of which is an affiliated person of
the Adviser.

Other Payments to Affiliates. During
the fiscal year ended November 30, 2024, the Funds made no material payments to the Adviser or any affiliated person of the Adviser
for services provided to the Funds except as described herein.

Required Vote

Approval of each Fund’s
New Advisory Agreement requires the affirmative vote of lesser of (i) 67% or more of the shares entitled to vote thereon present at the
Annual Meeting if the holders of more than 50% of such outstanding shares are present in person or represented by proxy; or (ii) more
than 50% of such outstanding shares entitled to vote thereon.

In the event that shareholders
of either Fund do not approve their Fund’s New Advisory Agreement, the Board will determine a course of action believed by the Board
to be in the best interests of such Fund and its shareholders.

Board Recommendation

The Board, including the Independent
Trustees, recommends that you vote “FOR” approval of the New Advisory Agreement for your Fund.

ADDITIONAL INFORMATION

Further Information About Voting and the Annual Meeting

One-third of the outstanding shares
of each Fund entitled to vote at the Annual Meeting shall constitute a quorum at the Annual Meeting with