Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 84

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 84
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 undertaking by the shareholders making such request to reimburse the Fund for the expense of any such advisers in the event
that the Trustees determine not to bring such action. The Fund is aware that it is the view of the Staff of the SEC that the requirement
of shareholders holding 10% of the outstanding shares join in a demand request and the requirement that a shareholder making a pre-suit
demand undertake to reimburse the Fund for the expense of advisers retained by the Trustees in the event that the Trustees determine
not to bring such action do not apply to claims under the federal securities laws.

<div align='center'>22</div>

Delaware Control Share Statute

Because the Fund is organized
as a Delaware statutory trust it is subject to the Control Share Statute contained in Subchapter III of the DSTA, which became automatically
applicable to listed closed-end funds, such as the Fund, upon its Effective Date of August 1, 2022.

The Control Share Statute provides
for a series of voting power thresholds above which shares are considered control shares. These thresholds are:

| ● | 10% or more, but                   
 less than 15% of all voting power; |

| ● | 15% or more, but less than 20% of 
 all voting power;                 |

| ● | 20% or more, but less than 25% of 
 all voting power;                 |

| ● | 25% or more, but less than 30% of 
 all voting power;                 |

| ● | 30% or more, but less than a majority 
 of all voting power; or               |

| ● | a majority or more of all voting 
 power.                           |

Voting power is defined by the
Control Share Statute as the power to directly or indirectly exercise or direct the exercise of the voting power of Fund shares in the
election of Trustees. Whether a voting power threshold is met is determined by aggregating the holdings of the acquirer as well as those
of its “associates,” as defined by the Control Share Statute.

Once a threshold is reached,
an acquirer has no voting rights under the DSTA or the governing documents of the Fund with respect to shares acquired in excess of that
threshold (i.e., the “control shares”) unless approved by shareholders. Approval by shareholders requires the affirmative
vote of two-thirds of all votes entitled to be cast on the matter, excluding shares held by the acquirer and its associates as well as
shares held by