Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 24

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 24
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 furnish annual and semi-annual reports, including financial statements, to all
holders of its shares.

Unlike open-end funds, closed-end
funds like the Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy
additional Common Shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise.
Shares of closed-end funds frequently trade on an exchange at prices lower than net asset value. Because the market value of the Common
Shares may be influenced by such factors as distribution levels (which are in turn affected by expenses), distribution stability, net
asset value, relative demand for and supply of such shares in the market, general market and economic conditions and other factors beyond
the control of the Fund, the Fund cannot assure you that Common Shares will trade at a price equal to or higher than net asset value in
the future. The Common Shares are designed primarily for long-term investors, and you should not purchase the Common Shares if you intend
to sell them soon after purchase.

Issuance of Additional Common Shares.The provisions of the 1940 Act generally require that the public offering price (less underwriting commissions and
discounts) of common shares sold by a closed-end investment company must equal or exceed the net asset value of such company’s common
shares (calculated within 48 hours of the pricing of such offering), unless such sale is made with the consent of a majority of its common
shareholders. The Fund may, from time to time, seek the consent of Common Shareholders to permit the issuance and sale by the Fund of
Common Shares at a price below the Fund’s then-current net asset value, subject to certain conditions. If such consent is obtained,
the Fund may, contemporaneous with and in no event more than one year following the receipt of such consent, sell Common Shares at price
below net asset value in accordance with any conditions adopted in connection with the giving of such consent. Additional information
regarding any consent of Common Shareholders obtained by the Fund and the applicable conditions imposed on the issuance and sale by the
Fund of Common Shares at a price below net asset value will be disclosed in the Prospectus Supplement relating to any such offering of
Common Shares at a price below net asset value. Until such consent of Common Shareholders, if any, is obtained, the Fund may not sell
Common Shares at a price below net asset value. Because the Fund’s advisory fee is based upon average