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

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 10
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 the Exchange Act after the date of the initial registration statement and prior to effectiveness of the registration statement, are incorporated by reference into this Prospectus and deemed to be part of this Prospectus from the date of the filing of such reports and documents:

| ● | the Fund’s Statement of Additional Information, dated                 , 
 2025, filed with this Prospectus (the “SAI”);                           |

| ● | the Fund’s description of Common Shares contained in its Registration Statement on Form 8-A (File No. 001-33641) filed with the SEC on August 2, 2007. |

To obtain copies of these filings, see “Where You Can Find More Information.”

<div align='center'>CAUTIONARY NOTICE REGARDING FORWARD-LOOKING
STATEMENTS</div>

This Prospectus, including
documents incorporated by reference, contain “forward-looking statements.” Forward-looking statements can be identified by
the words “may,” “will,” “intend,” “expect,” “estimate,” “continue,”
“plan,” “anticipate,” and similar terms and the negative of such terms. By their nature, all forward-looking statements
involve risks and uncertainties, and actual results could differ materially from those contemplated by the forward-looking statements.
Many factors that could materially affect the Fund’s actual results are the performance of the portfolio of securities held by the
Fund, the conditions in the U.S. and international financial, petroleum and other markets, the price at which the Fund’s Common
Shares will trade in the public markets and other factors discussed in this Prospectus and to be discussed in the Fund’s periodic
filings with the SEC.

Although the Fund believes
that the expectations expressed in such forward-looking statements are reasonable, actual results could differ materially from those expressed
or implied in such forward-looking statements. The Fund’s future financial condition and results of operations, as well as any forward-looking
statements, are subject to change and are subject to inherent risks and uncertainties, such as those disclosed in the “Risks”
section of this Prospectus. You are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements
contained or incorporated by reference in this Prospectus are made as of the date of this Prospectus. Except for the Fund’s ongoing
obligations under the federal securities laws, the Fund does not intend, and the Fund undertakes no obligation, to update any forward-looking
statement. The forward-looking statements contained in this Prospectus are excluded from the