Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 46

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 46
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 uses       
 the proceeds from the sale of I-Shares to purchase limited partnership interests in the MLP       
 in the form of I-units. Thus, I-Shares represent an indirect limited partner interest in          
 the MLP. I-units have features similar to MLP common units in terms of voting rights, liquidation 
 preference and distribution. I-Shares differ from MLP common units primarily in that instead      
 of receiving cash distributions, holders of I-Shares will receive distributions of additional     
 I-Shares in an amount equal to the cash distributions received by common unit holders. I-Shares   
 are traded on the NYSE or the AMEX. For purposes of the Fund’s 80% policy, securities             
 that are derivatives of interests in MLPs are I-Shares or other derivative securities that        
 have economic characteristics of MLP securities.                                                  |

For purposes of the Fund’ s limit on investment in any single issuer, with respect to an investment in an MLP, an“ issuer” includes both an issuer and its controlling general partner, managing member or sponsor, and an“ issue” is a class of an issuer’ s securities or a derivative security that tracks that class of securities.

Preferred Stock

Preferred stock generally has a preference as to distributions and upon liquidation over an issuer’s common stock but ranks junior to other income securities in an issuer’s capital structure. Preferred stock generally pays distributions in cash (or additional shares of preferred stock) at a defined rate but, unlike interest payments on other income securities, preferred stock distributions are payable only if declared by the issuer’s board of directors. distributions on preferred stock may be cumulative, meaning that, in the event the issuer fails to make one or more distribution payments on the preferred stock, no distributions may be paid on the issuer’s common stock until all unpaid preferred stock distributions have been paid. Preferred stock also may provide that, in the event the issuer fails to make a specified number of distribution payments, the holders of the preferred stock will have the right to elect a specified number of directors to the issuer’s board. Preferred stock also may be subject to optional or mandatory redemption provisions.

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Convertible Securities

A convertible security is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common stock or other equity security of the same or a different issuer within a particular period of time at a specified price or formula. A convertible security entitles the holder to receive interest paid or accrued on debt or the distribution paid