Company: SRV
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001398344-25-000635
Chunk: 109

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-01-14
Form: 424B2
Chunk 109
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 the Fund and its Common Shareholders.

The Fund will not sell Common Shares at a price below its net asset value per Common Share (including with shareholder approval or pursuant to rights to purchase Common Shares) under this Prospectus or an accompanying prospectus supplement without first filing a new post-effective amendment to the registration statement if the cumulative dilution to the Fund’s net asset value per share from offerings under the registration statement exceeds 15%.

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Subscription Rights to Purchase Common Shares

The Fund may issue subscription rights to holders of Common Shares to purchase Common Shares. Subscription rights may be issued independently or together with any other offered security and may or may not be transferable by the person purchasing or receiving the subscription rights. In connection with a subscription rights offering to holders of Common Shares, the Fund would distribute certificates evidencing the subscription rights and a Prospectus Supplement to our common or preferred shareholders as of the record date that we set for determining the shareholders eligible to receive subscription rights in such subscription rights offering. For complete terms of the subscription rights, please refer to the actual terms of such subscription rights which will be set forth in the subscription rights agreement and/or subscription certificate relating to such subscription rights. The Fund may only conduct a subscription rights offering to the extent that the Board of Trustees makes a good faith determination that the offering would result in a net benefit to existing shareholders.

The applicable Prospectus Supplement would describe the following terms of subscription rights in respect of which this Prospectus is being delivered:

| ● | the                                                                                        
 period of time the offering would remain open (which will be open a minimum number of days 
 such that all record holders would be eligible to participate in the offering and will not 
 be open longer than 120 days);                                                             |

| ● | the                                                                             
 exercise price for such subscription rights (or method of calculation thereof); |

| ● | the                                                                        
 number of such subscription rights issued in respect of each Common Share; |

| ● | the                                                                                        
 extent to which such subscription rights are transferable and the market on which they may 
 be traded if they are transferable;                                                        |

| ● | if                                                                                         
 applicable, a discussion of the material U.S. federal income tax considerations applicable 
 to the issuance or exercise of such subscription rights;                                   |

| ● | the                                                                                      
 date on which the right to exercise such subscription rights will commence, and the date 
 on which such right will expire (subject to any extension);                              |

| ● | the                                                                                          
 extent to which such subscription rights include