Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 50

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 50
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 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 obtained through (i) indebtedness of any type (including, without limitation, borrowing through
a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities and/or
(iii) the reinvestment of collateral received for securities loaned in accordance with the Fund’s investment objective and policies.
To the extent applicable, the Fund and the Investment Adviser understand and acknowledge that the liquidation preference of any outstanding
preferred stock (other than accumulated dividends) is not considered a liability in determining the Fund’s Average Weekly Managed
Assets. The management fee for the period from