Company: SRV
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001398344-25-021029
Chunk: 45

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-11-17
Form: 424B2
Chunk 45
---
 purchase Rights for the purpose of acquiring those
Common Shares, the Dealer Manager will incur a loss. The Dealer Manager will pay a concession to Selling Group Members in an amount equal
to approximately 2.00% of the aggregate price of the Common Shares sold by the respective Selling Group Member. Neither the Fund nor the
Adviser has a role in setting the terms, including the sales price, on which the Dealer Manager offers for sale and sells Common Shares
it has acquired through purchasing and exercising Rights or the timing of the exercise of Rights or sales of Common Shares by the Dealer
Manager. Persons who purchase Common Shares from the Dealer Manager or a Selling Group Member will purchase Common Shares at a price set
by the Dealer Manager, which may be more or less than the Subscription Price, based on the Formula Price mechanism through which Common
Shares will be sold in the Rights offering, and at a time set by the Dealer Manager, which is expected to be prior to the Expiration Date,
and will not have the uncertainty of waiting for the determination of the Subscription Price on the Expiration Date.

The Dealer Manager may purchase Rights as principal
or act as agent on behalf of its clients for the resale of such Rights. The Dealer Manager may realize gains (or losses) in connection
with the purchase and sale of Rights and the sale of Common Shares, although such transactions are intended by the Dealer Manager to facilitate
the trading market in the Rights and the placement of the Common Shares to new or existing investors pursuant to the exercise of the Rights.
Any gains (or losses) realized by the Dealer Manager from the purchase and sale of Rights and the sale of Common Shares are independent
of and in addition to its fee as Dealer Manager. The Dealer Manager has advised that any such gains (or losses) are expected to be immaterial
relative to its fee as Dealer Manager.

Since neither the Dealer Manager nor persons who purchase
Common Shares from the Dealer Manager or Selling Group Members were Record Date Shareholders, they would not be able to participate in
the over-subscription privilege.

There is no limit on the number of Rights the Dealer
Manager can purchase or exercise. Common Shares acquired by the Dealer Manager pursuant to the exercise of Rights acquired by it will
reduce the number of Common Shares available pursuant to the over-subscription privilege, perhaps materially, depending on the number
of Rights purchased and exercised by the Dealer Manager.

Although the Dealer Manager can seek to facilitate
the trading market for Rights as described above, investors can acquire Common Shares at