Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 63

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 63
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 terms of the Investment Adviser’s overall responsibilities with respect to the Fund and to any other
client accounts or portfolios that the Investment Adviser advises.

(c) . On an ongoing basis, but not less
often than annually, the Investment Adviser will identify and provide a written description to the Board of Trustees of all “soft
dollar” arrangements that the Investment Adviser maintains with respect to the Fund or with brokers or dealers that execute transactions
for the Fund, and of all research and other services provided to the Investment Adviser by a broker or dealer (whether prepared by such
broker or dealer or by a third party) as a result, in whole or in part, of the direction of Fund transactions to the broker or dealer.

(d) . On occasions when the Investment Adviser
deems the purchase or sale of a security or other financial instrument to be in the best interests of both the Fund and other client accounts
or portfolios that the Investment Adviser manages, the Investment Adviser is authorized, but not required, to aggregate purchase and sale
orders for securities or other financial instruments held (or to be held) by the Fund with similar orders being made on the same day for
other client accounts or portfolios that the Investment Adviser manages. When an order is so aggregated, the Investment Adviser may allocate
the recommendations or transactions among all accounts and portfolios for whom the recommendation is made or the transaction is effected
on a basis that the Investment Adviser reasonably considers equitable and consistent with its fiduciary obligations to the Fund and its
other clients, subject at all times to the allocation policies and procedures of the Fund. The Investment Adviser and the Fund recognize
that in some cases this procedure may adversely affect the size of the position obtainable for the Fund.

| 6. | Compensation |

For the services rendered, the facilities furnished and the expenses assumed
by the Investment Adviser under this Agreement, the Fund will pay to the Investment Adviser at the end of each calendar month a management
fee at the annual rate of 1.25% of the Fund’s Average Weekly Managed Assets. “Average Weekly Managed Assets” with respect
to a particular month means the average of the values of each weekly calculation of the Managed Assets of the Fund that takes place as
of any date during that month. “Managed Assets” means the total assets of the Fund, minus all accrued expenses incurred in
the normal course of operations other than liabilities or obligations attributable to investment leverage, including, without limitation,
investment leverage