Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 101

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 101
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 than exercised.

Warrants are sometimes sold
in unit form with other securities of an issuer. Units of warrants and common stock may be employed in financing young, unseasoned companies.
The purchase price of a warrant varies with the exercise price of the warrant, the current market value of the underlying security, the
life of the warrant and various other investment factors. Rights and warrants may be considered more speculative and less liquid than
certain other types of investments in that they do not entitle a holder to dividends or voting rights with respect to the underlying securities
nor do they represent any rights in the assets of the issuing company and may lack a secondary market.

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Depositary Receipts

American Depositary Receipts
(“ADRs”) typically are issued by an American bank or trust company and evidence ownership of underlying securities issued
by a non-U.S. corporation. European Depositary Receipts (“EDRs”), which are sometimes referred to as Continental Depositary
Receipts, are receipts issued in Europe, typically by non-U.S. banks and trust companies, that evidence ownership of either non-U.S.
or domestic underlying securities. Global Depositary Receipts (“GDRs”) are depositary receipts structured like global debt
issues to facilitate trading on an international basis. Unsponsored ADR, EDR and GDR programs are organized independently and without
the cooperation of the issuer of the underlying securities. As a result, available information concerning the issuer may not be as current
as for sponsored ADRs, EDRs and GDRs, and the prices of unsponsored ADRs, EDRs and GDRs may be more volatile than if such instruments
were sponsored by the issuer. Investments in ADRs, EDRs and GDRs present additional investment considerations of non-U.S. securities..

When-Issued and Delayed
Delivery Transactions

The Fund may purchase and
sell portfolio securities on a when-issued and delayed delivery basis. No income accrues to the Fund on securities in connection with
such purchase transactions prior to the date the Fund actually takes delivery of such securities. These transactions are subject to market
fluctuation; the value of the securities at delivery may be more or less than their purchase price, and yields generally available on
comparable securities when delivery occurs may be higher or lower than yields on the securities obtained pursuant to such transactions.
Because the Fund relies on the buyer or seller, as the case may be, to