Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 55

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 55
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—Board’s
Role in Risk Oversight;” “—Board Committees;” “—Officers of the Funds” and “—Shareholder
Communications to the Trustees.”

On January 23, 2025, the
Board accepted the retirement of Ronald P. Trout as a Trustee of the Fund.

On January 23, 2025, the
Board appointed John Musgrave, Chief Executive Officer and President of the Fund, as a Trustee of the Fund to fill the vacancy created
by the retirement of Mr. Trout. Mr. Musgrave serves as an Interested Trustee of the Fund as a result of his position as an officer
of the Fund’s investment adviser. Mr. Musgrave is a Class III Trustee.

John H. Alban was previously
deemed to be an Interested Trustee of the Fund as a result of his prior position as an officer of the Fund’s investment adviser.
Because Mr. Alban has not had, at any time since the beginning of the last two completed fiscal years of the Funds, a material business
or professional relationship with the Fund’s investment adviser and is not otherwise defined as an “Interested Person”
(as defined in Section 2(a)(19) of the Investment Company Act of 1940) of the Fund, Mr. Alban now serves as an Independent Trustee
of the Fund. On January 23, 2025, Mr. Alban was appointed by the Board as a member of the Audit Committee of the Fund and the
Nominating and Corporate Governance Committee of the Fund.

Mr. Musgrave has served
as Chief Executive Officer and President of the Fund since 2023. Mr. Musgrave has also served as Chief Investment Officer of the
Investment Adviser since 2023 and previously served as Co-Chief Investment Officer and Managing Director of the Investment Adviser from
2016 to 2023. Based on his experience as Chief Executive Officer and President of the Fund and as an officer of the Investment Adviser,
Mr. Alban is experienced in financial, regulatory and investment matters.

Remuneration of Trustees and
Officers

The following table provides
information regarding compensation of the Trustees of the Fund and for the Fund Complex, each for the fiscal year ended November 30,
2024. Officers of the Funds do not receive any compensation from the Funds. The Trustees do not receive any pension or retirement benefits
from the Fund Complex.

| Trustee(1)            
 Independent Trustees: |     | Aggregate Estimated Compensation From Fund |        |